Articles

Aware Super ups the ante in bidding war for OptiComm with last-minute offer

Aware Super ups the ante in bidding war for OptiComm with last-minute offer

A bidding war to take over fibre network operator OptiComm (ASX: OPC) has reignited today after Aware Super (formerly First State Super) lodged a last-minute bid for the company. As such, Uniti Wireless (ASX: UWL) has until Thursday to match the improved takeover offer from Aware Super to acquire 100 per cent of OptiComm that was received by...

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Maggie Beer Products online sales more than triple, Marley Spoon deal signed

Maggie Beer Products online sales more than triple, Marley Spoon deal signed

E-commerce sales at Maggie Beer Products have more than tripled in the first quarter of the new financial year as the company's parent MBH (ASX: MBH) forms a partnership with Marley Spoon. Maggie Beer Products has achieved 237 per cent growth in e-commerce sales during Q1 FY21, following on from 220 per cent growth in the final quarter o...

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Public health alerts issued in Sydney after two doctors test positive for COVID-19

Public health alerts issued in Sydney after two doctors test positive for COVID-19

NSW Health has issued several public health alerts overnight after two doctors that worked at a medical clinic in Lakemba tested positive for COVID-19. Both cases worked at the A2Z Medical Clinic in Lakemba, forcing all staff at the clinic into isolation and sparking a contract tracing flurry for NSW Health. NSW Health is in the proce...

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Statutory demand aims to wind up Smiles Inclusive

Statutory demand aims to wind up Smiles Inclusive

Amidst allegations of shareholder privacy breaches and a desperate capital raise to pay back less than half of an outstanding loan, more plaque has been found building up on Gold Coast-based dental group Smiles Inclusive. Joint venture partner (JVP) Aged Dental Care dropped a $20 million case against Smiles in November last year with its leg...

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Check customers are not from Melbourne or face an almost $10,000 fine

Check customers are not from Melbourne or face an almost $10,000 fine

Regional Victorian businesses that fail to check customers are not from metropolitan Melbourne could face fines of up to $9,913 under laws that came into force overnight. The onus will now be placed on businesses to check customers' drivers' licenses or Keypass IDs, although they won't be fined if they do the right thing and...

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Bravura boosts software suite with $42m UK acquisition

Bravura boosts software suite with $42m UK acquisition

Fortune is favouring Bravura Solutions (ASX: BVS) today with shares up almost 8 per cent following the announcement of a UK acquisition for £23 million ($41.5 million). The purchase of Delta Financial Systems will consolidate Bravura's already strong position in the UK market with its core Sonata offering, as well as British c...

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CSIRO: COVID-19 virus can last 28 days on phone screens, banknotes

CSIRO: COVID-19 virus can last 28 days on phone screens, banknotes

The virus that causes COVID-19 can last longer than previously thought on hard surfaces such as stainless steel, plastic banknotes and the glass on mobile phone screens, according to the latest research from the CSIRO. Research undertaken at the Australian Centre for Disease Preparedness (ACDP) in Geelong and published in the Virology J...

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Smiles plans $8 million raise to repay NAB loan in part

Smiles plans $8 million raise to repay NAB loan in part

Despite missing a 11 September deadline to pay back more than half of its $19 million debt to National Australia Bank (ASX: NAB), Smiles Inclusive (ASX: SIL) has today announced plans to raise $8 million to repay the bank in part. The embattled dental practice network today told shareholders it had entered into an agreement with Angus Aitken...

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Northern Sydney Datacom workers in self-isolation, NSW reports five new local COVID-19 cases

Northern Sydney Datacom workers in self-isolation, NSW reports five new local COVID-19 cases

Staff on a floor of Datacom's northern Sydney office building have been told to self-isolate after a co-worker tested positive for COVID-19 as New South Wales reports five new local cases of the coronavirus. As reported by the Sydney Morning Herald and confirmed to the publication by Datacom CEO Greg Davidson, a COVID-19 case worked at t...

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Charter Hall trust to buy new Mater HQ for $122.5 million

Charter Hall trust to buy new Mater HQ for $122.5 million

Charter Hall's Social Infrastructure REIT (ASX: CQE) has entered into an agreement to purchase Mater Misericordiae's (Mater) new corporate headquarters for $122.5 million today. The agreement to acquire a 100 per cent freehold interest in 14 Stratton Street, Newstead, is on a sale and leaseback basis with Mater Queensland's large...

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Public health alerts issued in Sydney for Monopole Restaurant, Macquarie University

Public health alerts issued in Sydney for Monopole Restaurant, Macquarie University

NSW Health has issued public health alerts after confirmed cases of COVID-19 visited a number of venues and businesses including Monopole Restaurant at Potts Point. Health authorities are working with Monopole Restaurant to assess the risk to patrons and staff who may have been exposed to COVID-19 after a person who was infectious visited th...

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Buon appetito! Sydney CBD venues to welcome al fresco dining pilot on 16 October

Buon appetito! Sydney CBD venues to welcome al fresco dining pilot on 16 October

Sydney's simmering hospitality industry will soon receive a well-needed boost as the city council and state government make it quicker and easier to set up outdoor drinking and dining areas. Under a 12-month pilot starting on 16 October in The Rocks and at the start of November in the Sydney CBD, there will be no need to get a plann...

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Downer's sale of Spotless Laundries in jeopardy as ACCC raises concerns

Downer's sale of Spotless Laundries in jeopardy as ACCC raises concerns

The consumer watchdog has raised preliminary competition concerns over the sale of Downer EDI's (ASX: DOW) Spotless Laundries business to competitor Alsco as it would combine two of the largest garment laundry suppliers in Australia. According to the Australian Competition and Consumer Commission's (ACCC) preliminary assessment, the ...

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ELMO Software, Bigtincan on the acquisition path in Europe

ELMO Software, Bigtincan on the acquisition path in Europe

Two founder-led Australian Software as a Service (SaaS) companies have announced acquisitions to grow their footholds in Europe and bring complementary technology into the mix. Last night cloud-based HR & payroll software provider ELMO Software (ASX: ELO) announced it had acquired the fast-growing small business HR platform Bre...

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CSL seals deal to supply 51 million doses of UQ COVID-19 vaccine candidate

CSL seals deal to supply 51 million doses of UQ COVID-19 vaccine candidate

Biotechnology giant CSL (ASX: CSL) has finalised an agreement with the Commonwealth Government to supply 51 million doses of a COVID-19 vaccine to Australia. Signed by CSL's subsidiary Seqirus, the agreement would see the vaccines supplied should the University of Queensland's (UQ) clinical trials of the candidate be successful. Th...

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Oliver's enters master franchise deal with EG Group

Oliver's enters master franchise deal with EG Group

Shares in Oliver's Real Food (ASX: OLI) are up 11 per cent since the company reached a master franchise agreement (MFA) with the Australian arm of British fuel and convenience conglomerate EG Group. The 10-year deal announced yesterday afternoon adds to Oliver's existing food-to-go concept secured with EG in May, which has alrea...

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Ten public health alerts issued in Sydney including Ripples restaurant at Milsons Point

Ten public health alerts issued in Sydney including Ripples restaurant at Milsons Point

NSW Health has issued 10 public health alerts after confirmed cases of COVID-19 visited a number of venues and businesses including the Ripples restaurant at Milsons Point. It comes after three new cases of the coronavirus were confirmed in South West Sydney yesterday, all three of which are still under investigation with contact tracing und...

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Jetstar launches new Gold Coast to Hobart service

Jetstar launches new Gold Coast to Hobart service

Travellers will be able to fly directly between Hobart and the Gold Coast on a new Jetstar service once Tasmania opens its borders to Queensland on 26 October. Unveiled today, the new service will connect the two destinations in time for the busy summer season, which Queensland Airports CEO Chris Mills said will be a welcome shot in the...

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Creso enlists cannabis icon and Canopy Growth founder Bruce Linton

Creso enlists cannabis icon and Canopy Growth founder Bruce Linton

Creso Pharma (ASX: CPH) has appointed Bruce Linton (pictured), industry pioneer and founder of Canopy Growth Corporation (TSE: WEED), to the role of strategic advisor as the medicinal cannabis developer raises nearly $9 million. The appointment of Linton is a coup for Creso and will see the accomplished entrepreneur work closely with CP...

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Confidence in conferencing grows on the Gold Coast

Confidence in conferencing grows on the Gold Coast

After months of limited event activity, the Gold Coast Convention and Exhibition Centre (GCCEC) is witnessing a surge in enquiry and bookings, including the confirmation of three international conferences this month. The event industry took a sudden and enormous hit in February as COVID-19 forced mass gatherings to a standstill, le...

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Businesses are winners as the Budget takes the path of least resistance

Businesses are winners as the Budget takes the path of least resistance

Unveiled last night, the Federal Budget puts jobs creation in the spotlight, alongside a raft of measures designed to boost business confidence and keep companies hiring and spending. It is a Budget that has been welcomed across the board by the business community, acting as a life raft for those struggling against the tide of the global rec...

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Centuria Industrial REIT grows with $43 million acquisition

Centuria Industrial REIT grows with $43 million acquisition

Centuria Industrial REIT (ASX: CIP) has completed its sixth acquisition of the financial year - a cold storage facility in Ormeau, Queensland - for $43 million. The acquisition of the facility means CIP's portfolio has expanded by $523 million in the first three months of FY21, enforcing the trust's strong position in the sector. T...

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Budget 2020: Frydenberg tells Australians, 'we have your back'

Budget 2020: Frydenberg tells Australians, 'we have your back'

Accelerated tax cuts, cash splashes for pensioners, massive incentives for business to invest and a subsidy to hire unemployed people are the centrepieces of the Morrison government's COVID-19 budget. More than 11 million taxpayers will get a tax cut backdated to July 1, giving lower and middle-income earners tax relief this financial ye...

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Gold Coast locals offered 'Play Money' for discounts on attractions and experiences

Gold Coast locals offered 'Play Money' for discounts on attractions and experiences

A $1 million program led and funded by Destination Gold Coast will see locals receive discounts on tours, attractions and experiences in an effort to stimulate bookings. The campaign called 'Play Money for Gold Coasters' will highlight the city's tourism offerings, giving locals 50 per cent discounts (up to $50) on a range of exp...

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SPC grabs majority slice of frozen meal maker The Kuisine Company

SPC grabs majority slice of frozen meal maker The Kuisine Company

Iconic Australian food producer SPC has taken a majority stake in frozen ready meals manufacturer The Kuisine Company to improve its health and aged care sector offering. The strategic investment sees SPC take control of the Emu Plains-based business which employs over 100 staff members and manufactures frozen meals and finger foods that are...

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Former BOQ boss Jon Sutton named ScotPac CEO

Former BOQ boss Jon Sutton named ScotPac CEO

SME lender Scottish Pacific (ScotPac) has appointed the former boss of Bank of Queensland (ASX: BOQ) and Bankwest Jon Sutton (pictured) as its new chief executive officer today. Sutton will take over the role from current CEO Peter Langham, who will be stepping into a non-executive board role. The new ScotPac boss served as CEO of BOQ unti...

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Neobank Douugh debuts on the ASX, US launch imminent

Neobank Douugh debuts on the ASX, US launch imminent

Neobank Douugh (ASX: DOU) is the first of its kind to list on the ASX after debuting this morning following an oversubscribed $6 million capital raise. Founded in Sydney by CEO Andy Taylor (pictured), the company is one of many next-generation 'neobanks' established to disrupt traditional means of banking and target Millennial and...

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President Donald Trump tests positive for COVID-19

President Donald Trump tests positive for COVID-19

President of the United States Donald Trump and his wife, First Lady of the United States, Melania Trump have both tested positive for COVID-19 today. The President confirmed on Twitter this afternoon that he had been infected with the coronavirus, just two hours after the pair were put into quarantine after coming into contact with a c...

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Australia to welcome Kiwis when travel bubble opens on 16 October

Australia to welcome Kiwis when travel bubble opens on 16 October

Australia has had a hard border with New Zealand for many months now to slow the spread of COVID-19, but from 16 October tourists from across the Tasman will be able to visit NSW and NT. As announced this afternoon by Deputy Prime Minister Michael McCormack, a Trans-Tasman travel bubble has been established, meaning New Zealanders will not h...

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Mesoblast plunges as FDA orders additional trial of Ryoncil

Mesoblast plunges as FDA orders additional trial of Ryoncil

Shares in Mesoblast (ASX: MSB) were down 40 per cent this morning after the company was ordered to conduct additional tests on its graft versus host disease (GvHD) treatment remestemcel-L. After receiving the backing of the Oncologic Drugs Advisory Committee in August, the company today told shareholders the US Food and Drugs Administration ...

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