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Creso raises $3M to boost hemp and cannabis sales abroad

Creso raises $3M to boost hemp and cannabis sales abroad

Creso Pharma (ASX: CPH) is flying high on its international ambition, announcing today that it has raised $3 million to boost sales overseas. The Sydney-based medicinal cannabis and hemp producer has successfully raised the funds in a placement to institutional and sophisticated investors. The injection of capital will be used to acce...

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Coles to spend almost $1B on automated distribution centres

Coles to spend almost $1B on automated distribution centres

With an ongoing threat from Amazon and tightening margins caused by fierce competition, Australian retailers are harnessing every opportunity they can find to boost efficiency. For the recently demerged Coles Group (ASX: COL), this means cutting labour costs and improving its supply chain through investments in automated distribution. ...

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Adelaide confectioners bring Polly Waffle back from the dead

Adelaide confectioners bring Polly Waffle back from the dead

Fans of the Polly Waffle were distraught in 2009 when Swiss chocolatiers Nestlé discontinued the heritage brand. It's cancellation even led to lovers of the sweet paying upwards of $100 on eBay for sealed bars of the marshmallow-filled treat. But those who thought they'd seen the last of the chocolate bar a decade ago h...

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International crime drama starts filming on the Gold Coast

International crime drama starts filming on the Gold Coast

The Gold Coast's flourishing entertainment industry is starting off 2019 with a bang - first it was Godzilla vs King Kong kicking off filming earlier this week, and now the French-US crime series Reef Break has just started shooting. Starring Australian-born Poppy Montgomery (pictured), the ABC Studios International series i...

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New home building in Australia facing "toughest year in almost a decade"

New home building in Australia facing "toughest year in almost a decade"

Master Builders Australia has forecast a challenging year ahead for the housing market as slowing mortgage credit and political uncertainty take their toll on activity. The group's chief economist Shane Garrett (pictured below) expects this to be the "toughest year in almost a decade" with declining house prices and fal...

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Slow Internet with the NBN? You might be eligible for a refund

Slow Internet with the NBN? You might be eligible for a refund

The ACCC is urging NBN customers with slow connection speeds to contact their provider as they may be eligible for a refund. Over the last 15 months Telstra, Optus, TPG, iiNet, Internode, Dodo, iPrimus and Commander have each admitted that they likely made false or misleading representations about the connection speeds NBN customers could...

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Collection House acquires $8.5M stake in Volt Bank

Collection House acquires $8.5M stake in Volt Bank

After revelations from the Royal Commission led to eroded trust in major banks, will customers warm to new entrants backed by regulations designed to promote competition? A pathway set up by regulators to incentivise new entrants in the banking sector is starting to gather momentum, with Volt Bank receiving an $8.5 million investment from...

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Huge Murray-Darling wetland saved by $55M sale to conservationists

Huge Murray-Darling wetland saved by $55M sale to conservationists

Almost the entirety of the Great Cumbung Swamp will be saved after The Nature Conservancy Australia ('TNC) purchased two major cattle stations for $55 million. In a joint venture with Tiverton Agriculture, TNC has purchased the Juanbung and Boyong cattle stations in western NSW, along with the properties' water rights. The $55...

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Mobile payments drive Chinese tourist spending in Australia

Mobile payments drive Chinese tourist spending in Australia

A new report from Nielsen and Alipay has found 68 per cent of Chinese tourists in Australia used mobile payments during their visits last year, with shopping, accomodation and dining as the leading purchases. This puts Australia ahead of the US and Canada which had a usage rate of 61 per cent, and Europe (France, UK, Italy, Germany) with ...

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Record truck sales put profit growth up a gear for AP Eagers

Record truck sales put profit growth up a gear for AP Eagers

Automotive retail group AP Eagers (ASX: APE) expects a 3 per cent uptick to $101.2 million in net profit after tax (NPAT) for 2018, buoyed by a surge in December activity. While profit after tax is set to be slightly down year-on-year at $133.7 million, it has exceeded the upper end of guidance by close to 3 per cent. The company clai...

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Super Retail Group draws from within to appoint new chief

Super Retail Group draws from within to appoint new chief

Super Retail Group Limited (ASX: SUP) has appointed its current outdoor retailing managing director Anthony Heraghty to replace the long-serving Peter Birtles as chief executive and managing director of the company. Heraghty, who joined the retail giant's leadership team in 2015, was responsible for initiating and directing the acquis...

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Aussie fintech brings leading Chinese mobile payment platform to local shores

Aussie fintech brings leading Chinese mobile payment platform to local shores

AirPay Financial Technologies has teamed up with major Chinese company SwiftPass to give Australian retailers, e-commerce sites and mobile apps better access to a booming consumer market through mobile payments. The two groups have formed the new lifestyle brand 'AirPass', allowing local Australian businesses to accept WeChat Pay ...

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The minds behind DriveMyCar launch Carly: like Netflix but for cars

The minds behind DriveMyCar launch Carly: like Netflix but for cars

Having already achieved success with DriveMyCar, a darling of the sharing economy, Collaborate (ASX: CL8) is looking to emulate the success of subscription services like Netflix with their new company called Carly. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to ...

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Godzilla vs Kong kicks off filming on the Gold Coast

Godzilla vs Kong kicks off filming on the Gold Coast

Queensland is fast becoming the location of choice for international film producers, with Warner Bros. and Legendary Entertainment's action adventure film Godzilla vs. Kong kicking off filming on the Gold Coast this week. The production is not the first international film featuring our hometown, following Paramount Pictures' live ...

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Tinybeans records first ever $1 million quarter

Tinybeans records first ever $1 million quarter

Private online social media platform for parents and families Tinybeans (ASX: TNY) has had a good run recently, reporting its first ever $1 million quarter. In total, Tinybeans secured $1,087,922 in revenue during Q2FY19, up 135 per cent from $463,586 in Q2FY18. Band partnerships and a boost in revenue were significant drivers for the...

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Afterpay reports its biggest ever month during a $2 billion first half

Afterpay reports its biggest ever month during a $2 billion first half

Afterpay (ASX: APT) continues to rake in more revenue every time they report, and the end of 1H19 is no different. An influx of new users saw Afterpay's underlying sales boosted by 140 per cent, up from $918 million in 1H18 to $2.2 billion in 1H19. The company says that December 2018 was the company's largest ever month on rec...

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Ultra Tune faces $2.6m penalty for breaching Franchising Code

Ultra Tune faces $2.6m penalty for breaching Franchising Code

Australia's second largest independent motor repair organisation Ultra Tune is in hot water after failing to act in good faith in its dealings with a prospective franchisee. The company has been fined $2.6m for breaching both the Franchise Code of Conduct and Australian Consumer law and ordered to pay back a $33,000 deposit which it f...

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Murray River Organics ups dried fruit prices to pass on benefits to farmers

Murray River Organics ups dried fruit prices to pass on benefits to farmers

In a move intended to ensure growers of fruits receive a fair return Murray River Organics (ASX: MRG) have upped the prices of dried fruit by up to 25 per cent. The company says the price hike is commensurate with global pricing trends which have seen a doubling of pricing in comparable global grower markets in the last few years. MRO...

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Sydney Airport reports another record year

Sydney Airport reports another record year

As the major gateway for most international tourists going into and out of Australia, Sydney Airport's traffic figures offer a unique insight into the country's tourists. This year, the Airport recorded yet another record year of people travelling through Mascot. 44.4 million passengers travelled through the airport's thre...

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No munchies, all love: how Therabis is bringing hemp medicine to pets

No munchies, all love: how Therabis is bringing hemp medicine to pets

The number one question general manager of Therabis Australia Lauchlan Grout is asked about the company's product is: "will this get my dog high?". In context, it's a perfectly reasonable question. With medicinal cannabis recently legalised, more Australians are beginning to cotton on to the multitude of therapeutic and ...

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Venture capital investment in Australia hits new highs in 2018

Venture capital investment in Australia hits new highs in 2018

While initial public offering (IPO) activity was low in 2018, the amount of venture capital (VC) invested in Australia surged upwards by 36 per cent last year to hit a record of US$899 million (A$1.25 billion). This is the conclusion of KPMG in its latest VC trends report Venture Pulse Q4 2018, which highlighted growth from US$659.9 milli...

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Kogan delivers its best Christmas trading period ever

Kogan delivers its best Christmas trading period ever

Australian e-tailing giant Kogan.com has revealed its late-2018 successes, with records made across the board. The business generated record trading in the peak Christmas period, and its Black Friday and Boxing Day sales respectively produced record days in the history of the company. Founder and CEO of Kogan.com Ruslan Kogan was glow...

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Will talking to AI voice assistants re-engineer our human conversations?

Will talking to AI voice assistants re-engineer our human conversations?

Photo courtesy of Andy Kelly/Unsplash When you're lost, Siri can be your best friend. But if she can't retrieve the right address from your contacts, she can drive you crazy. And so it is with the legion of virtual personal assistants that are entering our lives. From Amazon's Alexa to Google's Home, peop...

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Impression Healthcare on a high after receiving green light to sell cannabis

Impression Healthcare on a high after receiving green light to sell cannabis

Once a home dental impression company, now a fully-fledged cannabis player, Impression Healthcare (ASX: IHL) is ready to dive into the world of medicinal cannabis. The company announced today that it has received the relevant licenses from the Victorian Department of Health to sell or supply scheduled cannabinoid substances. This is a...

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Not all that glitters is gold in Michael Hill Jewellers' upbeat Christmas trading result

Not all that glitters is gold in Michael Hill Jewellers' upbeat Christmas trading result

A 10.5 per cent lift in Canadian sales, combined with a stronger Canadian dollar, helped offset sales declines at home in Australia.  Jewellery retailer Michael Hill International (ASX: MHJ) has posted sales upticks for the combined November-December Christmas period, but the surge in activity was unable to offset an overall trading ...

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A decade of hard work pays off for working travel entrepreneur

A decade of hard work pays off for working travel entrepreneur

If you do what you love, you'll never work a day in your life. It's an adage as old as sliced bread, but every entrepreneur knows it takes a lot of work to get to that point. However, when it comes to Jürgen Himmelmann, those hours of grinding do pay off, especially when they involve some serious travelling. Over the last...

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Administrators called in for Ed Harry as latest retail casualty in men's fashion

Administrators called in for Ed Harry as latest retail casualty in men's fashion

Following the pre-Christmas closure of Roger David stores, another men's apparel chain has fallen victim to the deterioration of bricks-and-mortar fashion business models. KPMG's Brendan Richards and Gayle Dickerson were today appointed voluntary administrators for Adelaide-based Ed Harry, and the first call of business will ...

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Office market vacancies to tighten in 2019

Office market vacancies to tighten in 2019

Colliers International expects vacancy rates to squeeze even lower in major office markets in the years ahead, driven by commercial tenants competing for limited space and a rise in demand for large or contiguous office space. Colliers' managing director for office leasing, Simon Hunt, says office vacancy forecasts for key market...

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How CarSwap is taking on a monopoly with its next gen auto classifieds app

How CarSwap is taking on a monopoly with its next gen auto classifieds app

There are slim pickings for options when it comes to selling your car online in Australia, while the act of offloading your pre-loved automobile can be quite expensive as well.  An Adelaide startup is hoping to flip the Australian industry on its head with its next gen app CarSwap. So confident in their business model are founder...

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Reject Shop results disprove "unfounded" Allensford claims, says chairman

Reject Shop results disprove "unfounded" Allensford claims, says chairman

The Reject Shop (ASX: TRS) chairman Bill Stevens claims results announced yesterday should put to bed speculation over poor sales performance from takeover bidder Allensford. Allensford, a subsidiary of Bennamon Pty Ltd which is owned by owned by Kin Group, made an offer for The Reject Shop in November claiming it could giv...

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