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Super Retail Group to raise $203m, pumped up by founder Reg Rowe

Super Retail Group to raise $203m, pumped up by founder Reg Rowe

Super Retail Group (ASX: SUL), the parent company of retailers including Supercheap Auto, Macpac, BCF and Rebel Sport, will raise $203 million to take advantage of current market conditions. The raise follows a sales rebound in May with group sales increasing by 26.5 per cent, compared to a 26.2 per cent decline in April. The underwri...

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$72 billion worth of infrastructure projects fast-tracked as PM targets "restoration of growth"

$72 billion worth of infrastructure projects fast-tracked as PM targets "restoration of growth"

Prime Minister Scott Morrison has today pledged to drastically cut Commonwealth assessment and environmental approval times on projects, with at least $72 billion worth of priority works set to be fast-tracked across the nation. Addressing the Committee for Economic Development of Australia (CEDA) this morning, the PM highlighted key...

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QLD border opening date pencilled in, further restrictions to be eased in VIC and NSW

QLD border opening date pencilled in, further restrictions to be eased in VIC and NSW

The highly anticipated July 10 date for the reopening of Queensland's borders has been tentatively confirmed this morning by the State's Premier. Speaking at a press conference, Premier Annastacia Palaszczuk reiterated plans to stick to that date, which was outlined in the state's roadmap for recovery but will be subject to re...

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SA reveals plans to reopen borders and increase gathering limits

SA reveals plans to reopen borders and increase gathering limits

South Australian Premier Steven Marshall has today announced his state will move to Stage 3 restrictions from 29 June, and interstate travellers will be permitted to enter the Festival State from 20 July. However, before Stage 3 is implemented SA will move into 'Stage 2.5' next Friday, under which the number of people allowed to a...

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PM scraps 100-patron limit, international students to return to Australia

PM scraps 100-patron limit, international students to return to Australia

Prime Minister Scott Morrison expects pilot programs for the return of international students to start next month, while patron caps at indoor venues will be replaced with the four square metre rule under Stage 3. Under changed rules for that next stage under Australia's suppression strategy, stadiums with less than 40,000 people will...

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Mayfair 101 calls urgent meeting to settle IPO Wealth Fund's future

Mayfair 101 calls urgent meeting to settle IPO Wealth Fund's future

A fund banned from promoting allegedly misleading debenture products has called for an urgent meeting of IPO Wealth Fund unitholders to discuss its future after receivers were appointed in May. In a media release from IPO Wealth's parent Mayfair 101, the company claims more than two thirds of the shareholders have confirmed their...

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GM Holden fails to reach agreement in dealer talks

GM Holden fails to reach agreement in dealer talks

Holden is holding firm to its compensation package for dealers, after two days of dispute resolution discussions failed to deliver an agreement. Earlier this year parent company General Motors (NYSE: GM) announced the 160-year-old vehicle brand would be phased out by 2021, but since then the Australian Competition and Consumer Commission ...

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iVvy co-founder James Greig launches Wildflower Gin distillery

iVvy co-founder James Greig launches Wildflower Gin distillery

What began as a passion project with a brief stint as a hand sanitiser is now a fully fledged gin distillery in production. Founded by Gold Coast-based serial entrepreneur James Greig (pictured), the distillery Wildflower Gin was unveiled this week to the delight of gin obsessives. On paper the decision by a tech entrepreneur to launc...

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Amazon to open Brisbane facility

Amazon to open Brisbane facility

Tech and e-commerce giant Amazon is expected to start construction tomorrow on a new fulfilment facility in Brisbane, representing a first in Queensland for the US multinational. Queensland Premier Annastacia Palaszczuk held a press conference at the company's site in Goodman's Port Industry Park, Lytton, where 170 const...

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Restrictions to ease further in NSW on Saturday

Restrictions to ease further in NSW on Saturday

A number of restrictions will be eased in NSW from this Saturday, 13 June, as the State's businesses continue to reopen with COVID-safe practices implemented. From Saturday food courts will be allowed to reopen, the number of people allowed to visit homes will be increased from five to 20, and the number of people allowed to gather ou...

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Alliance Aviation hopes to land $122m capital raising

Alliance Aviation hopes to land $122m capital raising

At a time when airlines are synonymous with financial woes, shares in Alliance Aviation Services (ASX: AQZ) have been flying at record highs after the Queensland Government pledged support for a key Whitsundays flight route. Amidst the broad sentiment of business reopening, it's probably as good a time as any for Alliance to raise som...

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Steven Lew's Global Retail Brands acquires MyHouse from administration

Steven Lew's Global Retail Brands acquires MyHouse from administration

The owner of brands such as Robins Kitchen, House and Your Home Depot will expand its network of 180 homewares stores through the acquisition of MyHouse, which entered voluntary administration on 19 March. Founded and led by Steven Lew (pictured), son of Australian retail doyen Solomon Lew, Global Retail Brands is acquiring...

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The peak time of day to do everything in your business (backed by science)

The peak time of day to do everything in your business (backed by science)

You're the boss of it all. You know how your industry operates. You know how to develop solutions and how to market and deliver them. But do you know the most effective order in which to carry out your daily tasks? When you find yourself struggling for time, energy or inspiration at certain times of the working day, there is probably ...

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Banned celebrity planner Sam Henderson could face jail time as charges laid by ASIC

Banned celebrity planner Sam Henderson could face jail time as charges laid by ASIC

Once hailed as a superannuation guru, high-profile financial planner Sam Henderson (pictured) has been charged by the corporate watchdog with alleged offences that could see him face a long jail sentence or millions in fines if found guilty. In July last year, the Australian Securities and Investments Commission (ASIC) banned Henders...

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Consumer confidence almost back to pre-COVID levels, says Westpac chief economist

Consumer confidence almost back to pre-COVID levels, says Westpac chief economist

A spike in employment and underemployment has failed to dampen Australians' spending intentions, with the Westpac-Melbourne Institute Index of Consumer Sentiment rising 6.3 per cent this month. Westpac Chief Economist Bill Evans says the index level of 93.7 is just two per cent below the average from September to F...

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Kogan to ride e-commerce success with $115 million capital raise

Kogan to ride e-commerce success with $115 million capital raise

At a time when e-commerce star Kogan.com (ASX: KGN) is seeing accelerated sales prompted by the COVID-19 pandemic, the company has announced it will conduct a $115 million capital raise. The company says its $100 million placement and $15 million share purchase plan (SPP) will enable the retailer to take advantage of positive market condi...

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IPH to acquire NZ law firm Baldwins Intellectual Property

IPH to acquire NZ law firm Baldwins Intellectual Property

Australian intellectual property (IP) legal services giant IPH Limited (ASX: IPH) has reached an agreement to acquire New Zealand IP firm Baldwins Intellectual Property. The transaction will be completed by IPH's subsidiary AJ Park IP and will see IPH pay approximately $7.4 million for the NZ firm, including a deferred consideration o...

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Slater & Gordon files class action against CommBank over "junk insurance"

Slater & Gordon files class action against CommBank over "junk insurance"

Law firm Slater & Gordon (ASX: SGH) has filed its fourth class action in the #GetYourInsuranceBack campaign, this time accusing Commonwealth Bank (ASX: CBA) of allegedly selling junk credit card and personal loan insurance to customers. S&G's class action filed in the Federal Court means it has now taken ai...

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Charter Hall snaps up $115m Sydney logistics facility

Charter Hall snaps up $115m Sydney logistics facility

Charter Hall Group (ASX: CHC) is on a spending spree for logistics property, purchasing a $115 million logistics property in Western Sydney within a week of forking out $648 million for ALDI's logistics portfolio. Charter Hall's Prime Industrial Fund (CPIF) and Direct Industrial Fund No.4 (DIF4) secured the property on 4...

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Zip Co buddies up with neobank 86 400

Zip Co buddies up with neobank 86 400

Fintech Zip Co (ASX: Z1P) is continuing its play for buy-now pay-later (BNPL) supremacy after entering into a new partnership with neobank 86 400. Announced today, the two have entered into a partnership that will see the pair combine their technological expertise in a bid to drive more Australians away from traditional financial products...

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New CEO who led Starbucks launches in Europe to take charge at Collins Foods

New CEO who led Starbucks launches in Europe to take charge at Collins Foods

KFC restaurant operator Collins Foods (ASX: CKF) has today promoted COO Drew O'Malley (pictured) to CEO, replacing Graham Maxwell who is retiring after six years in the position. With an annual fixed remuneration of $754,000 plus benefits and incentives, O'Malley will formally commence the new role on 1 July. The new lead...

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Wesfarmers online sales shoot up during COVID-19 restrictions

Wesfarmers online sales shoot up during COVID-19 restrictions

The COVID-19 pandemic has continued to be a bountiful period for retail giant Wesfarmers (ASX: WES), with sales up across almost every one of the company's brands over the last five months. The company attributes its continued success to the strong positions its brands hold in a variety of consumer segments that have generally perform...

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Print newspapers are dead - now what?

Print newspapers are dead - now what?

Australia's largest print media publisher, News Corp Australia, announced two weeks ago they will be closing 36 suburban and regional newspapers and making a further 76 digital only. The changes will begin to roll out as of 29 June, which is another hard hit to Australian businesses who rely on newspaper ads to market their business. ...

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NZ to lift all COVID-19 restrictions tonight

NZ to lift all COVID-19 restrictions tonight

After taking a stricter approach than most nations to tackling COVID-19, New Zealand is now in the enviable position of being able to lift all social distancing restrictions except border controls. The country reported no active cases today for the first time since 28 February, and it has now been 17 days since the last new case was repor...

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QLD Government to prop up Village Roadshow, Ardent Leisure, Currumbin Wildlife Sanctuary

QLD Government to prop up Village Roadshow, Ardent Leisure, Currumbin Wildlife Sanctuary

Gold Coast theme parks will receive around one in every five dollars spent under the Queensland Government's $50 million tourism recovery package. Premier Annastacia Palaszczuk has today announced $11 million to help Village Roadshow (ASX: VRL), Ardent Leisure (ASX: ALG) and Currumbin Wildlife Sanctuary retain staff while th...

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Rex expands flight offering on nine regional routes

Rex expands flight offering on nine regional routes

Regional flight operator Rex (ASX: REX) is responding to Qantas' (ASX: QAN) increased flight offering with daily weekday flights on six routes, as well as more services on another three. The announcement on Friday relates to flights where Qantas is in competition with Rex and is doubling its number of flights. "From 6 July 20...

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WA to spend $444m on housing stimulus package

WA to spend $444m on housing stimulus package

The Western Australian Government has announced a housing stimulus package worth almost two-thirds of the national HomeBuilder program, with a strong focus on social housing and grants for homebuyers. The state government expects its $444 million package announced yesterday to support around 4,300 jobs in the building and constructio...

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Blueprint for Trans-Tasman travel bubble submitted to Prime Ministers

Blueprint for Trans-Tasman travel bubble submitted to Prime Ministers

The Trans-Tasman Safe Border Group has submitted a blueprint for the resumption of 'safe' Trans-Tasman travel to both the New Zealand and Australian Prime Ministers. The proposal, developed by a group of 40 experts, government entities and industry bodies, recommends the establishment of a 'Safe Travel Zone' to be introduc...

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CSL aims to produce "100 million doses" of COVID-19 vaccine in late 2021 if trials prove successful

CSL aims to produce "100 million doses" of COVID-19 vaccine in late 2021 if trials prove successful

Australian biotech giant CSL (ASX: CSL) has entered into a "significant" agreement that formalises the work it has been doing with COVID-19 vaccine developers since January. A new partnering agreement with the Coalition for Epidemic Preparedness Innovations (CEPI) and the University of Queensland (UQ) aims to accelerate the deve...

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Tritium plugs into $45 million private placement

Tritium plugs into $45 million private placement

Australian electric vehicle (EV) charging technology manufacturer Tritium has closed a $45 million debt private placement to US-based investor Cigna Corporation. Brisbane-based Tritium says the funds will be used to refinance a trade finance facility and to increase production capacity as the business expands into the Americas, Europ...

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