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Sumo Salad's battle with landlords takes its toll, administrators in charge

Sumo Salad's battle with landlords takes its toll, administrators in charge

The battle with retail landlords has taken its toll on the Sumo Salad group which has been placed in the hands of voluntary administrators for the second time in a little over a year.

Morgan Kelly and Peter Gothard, of Ferrier Hodgson, have been given control over 85 stores in the healthy-alternative fast-food group.

The reasons for...

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Doughnut Time is making a grand comeback from sticky situation

Doughnut Time is making a grand comeback from sticky situation

Despite collapsing in a heap merely four months ago, beloved doughnut chain famous for its outlandish and extreme doughnut creations, Doughnut Time, is making a shocking comeback. After the store suffered a sudden and extreme collapse in March the chain's social media accounts are once again firing all cylinders, with the new owners o...

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One giant leap: One woman's journey into space

One giant leap: One woman's journey into space

Who would've thought that in just under two years Adelaide would become the home to one of Australia's most prominent space-tech startups? Certainly not Flavia Tata Nardini, the co-founder and CEO of Fleet Space Technologies. It's hard to catch Nardini with a moment to spare. As the co-founder of Fleet, one of the world's ...

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Traffic surges through Sydney as international visitor numbers climb

Traffic surges through Sydney as international visitor numbers climb

Traffic has surged through Sydney Airport over the past month as international holidaymakers and visitors have continued to favour Aussie shores. In May, Tourism Australia revealed that more than nine million people visited the country throughout FY18, representing a 6.1 per cent increase on the year previous. The latest statistics fr...

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Fast-food deliveries 'heading for a car crash'

Fast-food deliveries 'heading for a car crash'

The fast-food delivery boom led by the likes of Uber Eats is a car crash waiting to happen, according to IBISWorld. The research agency has revealed the pressure mounting from regulators, delivery drivers and fast-food operators could lead to big changes in the way delivery networks operate over the next five years. It even suggests that ...

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Afterpay stock soars on staggering sales numbers

Afterpay stock soars on staggering sales numbers

The retail market may be flat, but online layby giant Afterpay Touch Group (ASX: APT) certainly isn't feeling the pinch as sales through its platform have almost quadrupled in the past year. More than $2.18 billion worth of underlying transactions have been processed through the Afterpay platform in FY18, a 289 per cent increase over ...

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Engie cops a fine over 2016 SA blackouts

Engie cops a fine over 2016 SA blackouts

South Australians have today received a semblance of justice following the state-wide power blackouts left most of SA in the dark in December 2016. Power generator Engie has been slapped with a $60,000 fine for their failure to mitigate the blackout by the Australian Energy Regulator (AER). The AER alleged that Engie failed to follow ...

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Pacific National and Aurizon come under ACCC fire of monopoly allegations

Pacific National and Aurizon come under ACCC fire of monopoly allegations

The Australian Competition and Consumer Commission (ACCC) has taken action against freighting companies Pacific National and Aurizon for allegedly breaching competition rules. The action is in relation to a deal struck between Aurizon and Pacific National in July 2017 that the ACCC alleges would have lessened competition in the supply of ...

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$2.2 billion spree buoys Brisbane office market

$2.2 billion spree buoys Brisbane office market

The Brisbane office market, which has been slow to bounce back since the end of the mining boom in 2012, has finally swung into recovery mode following a $2.2 billion spree by investors, according to Savills Research. The upbeat assessment comes a month after BIS Oxford Economics urged caution against expectations that the worst was over,...

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Bega acquires $250m production facility in Western Victoria

Bega acquires $250m production facility in Western Victoria

Cheese producers Bega have acquired a $250 million production facility in Koroit in Western Victoria to boost its operations. The Koroit facility, managed by Saputo Dairy Australia (SDA) currently processes milk into bulk and retail butter, commodity and retail milk powders and growing up milk powder. The listed cheese producer has al...

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Data#3 finished the financial year strong, balancing out first half woes

Data#3 finished the financial year strong, balancing out first half woes

Leading Australian tech business Data#3 (ASX: DTL) is preparing to release a record second half result, capping off a solid year for the listed company. The Brisbane based company's success in the second half balances out a tough year for the company which would have otherwise resulted in a full year loss. Data#3 expects the conso...

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Entrepreneur's community spirit helps hundreds of Aussie kids

Entrepreneur's community spirit helps hundreds of Aussie kids

Daniel Stoten believes that giving back to the community is a true hallmark of Aussie spirit. Stoten is the entrepreneur behind Localsearch, an online and offline marketing agency which spans more than 200 cities and regional towns to help Australian businesses raise brand awareness and reach more customers. As his company has grown o...

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Shark Tank mum-preneur's secrets to building a business while raising kids

Shark Tank mum-preneur's secrets to building a business while raising kids

Starting a business is hard. Starting a business with three kids in tow? That's another story entirely. But Sydney based mum-preneur Caroline Africh proved to the Sharks that she could develop a serious distribution model that takes advantage of a huge community of new mums. Africh pitched to the Shark Tank gurus her innovative an...

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Fifteen fabulous spots for your end of year party

Fifteen fabulous spots for your end of year party

The financial year may be done and dusted, but the festive season is just around the corner. Planning an end of year celebration is the perfect way to treat your staff for all their hard work in 2018, and we can help take the stress out of picking the perfect venue for the bash. Here are a few special offers to celebrate a corporate C...

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China falls head over heels in love for South Australian oranges

China falls head over heels in love for South Australian oranges

As the only state with fruit-fly free oranges in the country, South Australia has been the nation's leader in quality citrus production for decades. Now, China has cottoned on to the quality of South Aussie fruit, and has a voracious appetite for the state's "premium" fruit. Export is now the big play for SA orange g...

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London investors scoop up Quest Apartment Hotel in Brisbane for $24m

London investors scoop up Quest Apartment Hotel in Brisbane for $24m

London based investments firm 90 North Real Estate Partners (90 North) have made their first foray into the Australian real estate market with the acquisition of a brand-new Quest Apartment Hotel in Brisbane. Located in Greater Springfield, Queensland, the Quest hotel transaction is worth $24.3 million. 90 North launched in Sydney in ...

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Creso Pharma lists on the German stock exchange

Creso Pharma lists on the German stock exchange

Following the launch of two key products in Europe, leading Australian cannabis company Creso Pharma (ASX: CPH) has listed on the German stock exchange. Under the code 1X8, Creso is now trading ordinary shares on the Frankfurt Stock Exchange. The company has also appointed Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA) t...

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Suncorp settling into $800 million Brisbane tower

Suncorp settling into $800 million Brisbane tower

Suncorp will become the anchor tenant in a new Brisbane CBD tower, following a leasing deal which has been dubbed Brisbane's largest in a decade. Mirvac is the developer behind the new $800 million tower at 80 Ann Street in the Brisbane CBD and announced today that Suncorp is to become the anchor tenant of the new property. Suncor...

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Emerge Gaming shares skyrocket after major integration announcement

Emerge Gaming shares skyrocket after major integration announcement

Shares in Emerge Gaming (ASX: EM1) have hit a high this morning following the announcement that the esports business has achieved a new milestone. The listed Australian company has completed network billing integration across all major South African Telcos, supporting its gaming platform 'Arcade X'. The integration opens the b...

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"Unrelenting" investment to follow bumper financial year for IFM Investors

"Unrelenting" investment to follow bumper financial year for IFM Investors

Global funds manager IFM Investors has promised "unrelenting" investment on behalf of its shareholders following a record full-year result. The firm which has become a major global player finished the year with $107 billion of funds under management, an increase of 15 per cent on the prior year. The fund is now valued indepe...

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How this Sydney entrepreneur created a global cult following

How this Sydney entrepreneur created a global cult following

When she was a little girl, Rina Timpano had a dream that one day she'd be a businesswoman, creating products to line the shelves of Italy's famous department stores and boutiques. It was this dream that inspired Timpano to create her very own skincare brand, RinaScentia, with an ambition to become the next big Aussie skincare bra...

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Noni B proves Australian retail isn't dead with bumper financial year

Noni B proves Australian retail isn't dead with bumper financial year

A common theme of FY18 was Australian retailers complaining about how tough the year has been. But Noni B (ASX: NBL) has proved the industry wrong, issuing a bumper trading update for the 2018 financial year. Over FY18, Noni B saw like-for-like sales grow by 4.5 per cent and total sales grow to approximately $365 million. Instead ...

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Servcorp contract terms declared unfair by Federal Court

Servcorp contract terms declared unfair by Federal Court

The Federal Court has this morning declared by consent that 12 terms in contracts used by Servcorp (ASX: SRV) subsidiaries are unfair and therefore void. The terms declared unfair included those that had the effect of automatically renewing a customer's contract and allowing Servcorp to increase the contract price; permitting Servcorp...

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Chinese tourists boost Adelaide Airport traffic

Chinese tourists boost Adelaide Airport traffic

An increase in Chinese tourists visiting South Australia has boosted Adelaide Airport pass the one million international passenger milestone for the first time. During June 2018, an additional 52,500 international passengers travelled to and from Adelaide; an increase of 5.5 per cent on the previous year. The Chinese market has been t...

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Ryderwear moves into a heavyweight new HQ

Ryderwear moves into a heavyweight new HQ

Adelaide activewear heavyweights Ryderwear have taken their headquarters to a new level with a purpose-built new facility in Adelaide. The new office building represents the massive expansion the company has experienced as it hits a 10 year milestone of operations. The new facility has been purpose built with extensive in-house creati...

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Blue Sky bounces back in June

Blue Sky bounces back in June

What started off as a rough second half has ended on a positive note for embattled investment fund Blue Sky. The group's Alternatives Access Fund (ASX: BAF) saw an increase in net tangible assets (NTA) per share for June 2018. The Alternatives Fund reported a pre-tax NTA increase to $1.14 per share in June; a gain of 0.7 per cent....

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Darrel Lea satisfies sweet tooth with Life Savers

Darrel Lea satisfies sweet tooth with Life Savers

Private-equity group Quadrant has sweetened the pot for confectionery brand Darrel Lea by acquiring the rights to the iconic Life Savers brand in Australia and New Zealand The purchase from Nestle will see the manufacture of Life Savers for the region move from New Zealand to Australia where they were last produced in the early 2000s. ...

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Village Roadshow's $51 million capital raising to aid recovery from Dreamworld disaster

Village Roadshow's $51 million capital raising to aid recovery from Dreamworld disaster

It's been a big few weeks for Australian entertainment company Village Roadshow (ASX: VRL). The company, behind some of Australia's biggest theme parks, cinemas, and bowling alleys, announced on Thursday morning the completion of the institutional component of its entitlement offer. The institutional component raised gross pro...

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Cedar Woods sells third Melbourne office building

Cedar Woods sells third Melbourne office building

The market for Melbourne office space continues to burgeon as new developments continue to sell like hotcakes. Cedar Woods (ASX: CWP) announced on Thursday morning that it has sold its third office building in Williams Landing, an emerging area in Melbourne's west. Cedar Woods sold the office space to Hellenic Property Investments...

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Emanuel Exports' affiliate has export licence suspended

Emanuel Exports' affiliate has export licence suspended

A second live export company, closely affiliated with the company behind the tragic Awassi Express voyage, has had its export licence suspended. EMS Rural Exports has been denied a permit to ship the sheep to the Middle East, following considerable outrage from the public, press, and interested animal rights organisations. The suspens...

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