Articles

Myer to reopen eight more stores

Myer to reopen eight more stores

Department store Myer (ASX: MYR) will soon more than double the amount of reopened stores across Australia with bricks-and-mortar operations set to begin in WA and SA, along with further openings in NSW. After bringing seven outlets on-stream in QLD and NSW in time for Mother's Day, Myer will trial the opening of the following eight s...

Read More...
SA's largest employer hit with class action alleging major staff underpayments

SA's largest employer hit with class action alleging major staff underpayments

South Australian-based Shahin Enterprises has been hit with a class action today, alleging the company underpaid staff to the tune of $50-$70 million. Adero Law filed the class action this afternoon alleging the operator of On The Run (OTR) convenience stores and petrol stations owes repayments to more than 8,000 current and former employ...

Read More...
Targeted cyber attack leads to data theft at Toll

Targeted cyber attack leads to data theft at Toll

Following a spate of cyber attacks with victims ranging from Australia's health sector to WA Premier Mark McGowan, it has been confirmed one of Australia's leading logistics and transport companies was recently in the sights of a ransomware extorsion. After suspicious activity on its IT systems, early last week Melbourne...

Read More...
Primewest grabs Seven West's Perth HQ for $75m

Primewest grabs Seven West's Perth HQ for $75m

The home of Channel Seven in Perth has been sold to Western Australian property fund Primewest (ASX: PWG) for $75 million. The building, that sits across three titles at 50 and 54 Hasler Drive and 44 Walters Drive in Osborne Park was acquired by Primewest's new 'Media Trust'. Completed off-market, the transaction was negot...

Read More...
Victoria's sport, tourism and creative industries to receive $150m boost

Victoria's sport, tourism and creative industries to receive $150m boost

The Victorian Government has thrown its support behind some of the sectors hardest hit by COVID-19 restrictions with a $150 million 'Experience Economy Survival Package'. The fund will assist sporting clubs and competitions across the state, major tourist attractions, galleries and museums, and the racing industry. Cumulativel...

Read More...
WA launches $14.4m package for small tourism operators

WA launches $14.4m package for small tourism operators

The Western Australian Government has today announced a multi-million dollar survival and recovery package to help small tourism businesses adapt to the COVID-19 landscape. As the state looks set to cautiously ease some regional travel and other restrictions from Monday 18 May, the $14.4 million Tourism Recovery Program will support ...

Read More...
Rex mulls $200m raise to establish interstate flight paths

Rex mulls $200m raise to establish interstate flight paths

Regional flight operator Rex (ASX: REX) is considering raising $200 million in order to establish domestic Australian operations. The new flight paths will be run in addition to its regional services which are being underwritten by the Federal Government and some state governments. In response to an article ran by the Financ...

Read More...
QLD Premier calls on Federal Government to settle its beef with China

QLD Premier calls on Federal Government to settle its beef with China

Queensland Premier Annastacia Palaszczuk has called upon the Federal Government to resolve escalating tensions with China that have impacted Australian beef exports. The Premier's concerns arise from a growing trade dispute between China and Australia which has seen the former blacklist three Queensland red meat abattoirs. The Que...

Read More...
Mesoblast raises $138m to bolster manufacturing for potential COVID-19 medicine

Mesoblast raises $138m to bolster manufacturing for potential COVID-19 medicine

Investors are betting big on Mesoblast's (ASX: MSB, NASDAQ: MESO) yet to be proven treatment for critically ill COVID-19 patients, with the announcement today it has successfully raised US$90 million (AUD$138 million). Following "remarkable results" from a small sample of ventilator-dependent COVID-19 patients in New York, t...

Read More...
Apollo slams on the brakes in the USA

Apollo slams on the brakes in the USA

The collapse of the tourism industry globally has not spared caravan and motorhome rental operator Apollo (ASX: ATL) which has made the decision to pause its business in the USA. Because of the COVID-19 pandemic Apollo has sold its fleet of vehicles in the USA and has placed its operations in the country into hibernation until the summer ...

Read More...
CommBank to sell 55 per cent of Colonial First State

CommBank to sell 55 per cent of Colonial First State

Commonwealth Bank of Australia (ASX: CBA) has struck a deal to sell off more than half its ownership of wealth management business Colonial First State (CFS) to global investment firm KKR for $1.7 billion. It has now been almost two years since the bank announced plans to demerge CFS, which has been riddled with class actions since the Ro...

Read More...
Spirit Telecom targets low-risk high volume growth sectors

Spirit Telecom targets low-risk high volume growth sectors

The following article is sponsored content in partnership with Spirit Telecom. Business News Australia does not give financial advice. Ever since its founding Spirit Telecom Limited (ASX:ST1) has been a growth by acquisition story. The company has taken advantage of opportunities where it can deliver custom designed cloud-based techno...

Read More...
Tourism recovery possibilities buoyed as Gold Coast sets anchor for customs clearance

Tourism recovery possibilities buoyed as Gold Coast sets anchor for customs clearance

A trial customs clearance program at Southport Yacht Club for the 2017 Commonwealth Games has now become permanent, following lobbying efforts from local MP Angie Bell (pictured left). The announcement has been described as a coup for the Gold Coast boating and tourism industries once a recovery is underway, with international&n...

Read More...
THC Global acquires cannabis clinic network for $3 million

THC Global acquires cannabis clinic network for $3 million

Cannabis producer THC Global (ASX: THC) will further diversify its business with a $3 million acquisition of clinic operator Tetra Health. Post-acquisition THC will gain access to Tetra's network of medical practitioners comprising more than 600 referring physicians, 30 prescribing physicians and a national network of dispensing pharm...

Read More...
YFG buys out Brisbane suburban shopping centre for $285m

YFG buys out Brisbane suburban shopping centre for $285m

YFG Shopping Centres has made a full purchase of Mt Ommaney Shopping Centre in Brisbane's south-west after dipping its toes in the property with a 25 per cent stake in November. After purchasing its initial share in the property from Vicinity Centres (ASX: VCX) for $94.5 million, the South East Queensland shopping centre giant has now...

Read More...
Treasurer: Private sector to drive economic rebound, not government

Treasurer: Private sector to drive economic rebound, not government

Speaking in Parliament today for the first time since 8 April, Federal Treasurer Josh Frydenberg (pictured) made his intentions clear for Australia's economic future. At the centre of his plan are free market economic principles, small government and temporary assistance for those who are struggling. The Government's ultimate ...

Read More...
Magnolia Capital sticks to The Agency despite resignation

Magnolia Capital sticks to The Agency despite resignation

When The Agency (ASX: AU1) announced a breakthrough yesterday for extending the deadline of a $12 million debt repayment, the news coincided with the high-profile departure of director Mitchell Atkins (pictured). The exit, effective last Friday, was significant given Atkins' Magnolia Capital came on board as a key shareholder in ...

Read More...
From Smiggle to Portmans, all remaining Premier stores to reopen on Friday

From Smiggle to Portmans, all remaining Premier stores to reopen on Friday

From Friday 15 May the remainder of Premier Investments' (ASX: PMV) Australian stores including Smiggle, Portmans, Just Jeans, Peter Alexander, Jay Jays, Jacqui E, and Dotti will reopen. The company had already reopened all of its Queensland and Northern Territory stores (except airports and some CBD stores) on Thursday 7 May followin...

Read More...
Little Green Pharma follows up medicinal cannabis export milestone with manufacturing licence

Little Green Pharma follows up medicinal cannabis export milestone with manufacturing licence

Within a month of achieving an Australian first for medicinal cannabis oil exports to patients in the UK, Little Green Pharma (ASX: LGP) has now been given the green light to manufacture its own extracts in-house from the next crop. The approval is set to cut manufacturing costs and improve efficiencies for the Perth-based company which l...

Read More...
Tasmanian restaurants, cafes and pubs to reopen next Monday as roadmap revealed

Tasmanian restaurants, cafes and pubs to reopen next Monday as roadmap revealed

Tasmanian's roadmap to recovery will see restaurants and cafes open for up to 10 people from Monday 18 May, putting the state on a path to rejuvenating its economy by mid-July. A staged approach to lifting restrictions has been announced, guiding Tasmania back to a semblance of normality over the next two months. Some restrictions...

Read More...
Deloitte Access Economics calls for "JobTweaker"

Deloitte Access Economics calls for "JobTweaker"

Deloitte Access Economics has applauded the Federal Government's $130 billion JobKeeper package, describing it as an economic lifeline that chose speed over elegance but "got the balance right for most people". After the package was announced the consultancy reduced its forecast FY21 unemployment rate from 12 per cent to a p...

Read More...
NZ to ease restrictions further on Thursday

NZ to ease restrictions further on Thursday

New Zealand Prime Minister Jacinda Ardern has announced the country will be moving to Alert Level 2 on Thursday, thus relaxing COVID-19 restrictions further. Ardern says the NZ Government will approach the easing of restrictions gradually in order to manage the risks of moving too fast. "At the moment, what we're being guided...

Read More...
Macquarie Bank debt deal gives The Agency some breathing room

Macquarie Bank debt deal gives The Agency some breathing room

Fast-growing real estate group The Agency (ASX: AU1) has been given a reprieve on a $12 million debt repayment that was originally due on 31 March, with Macquarie Bank extending out the deadline until 30 September. It has also been revealed today that substantial shareholder and non-executive director Mitchell Atkins has resigned from the...

Read More...
Victoria to take "cautious" approach to relaxing COVID-19 restrictions until June

Victoria to take "cautious" approach to relaxing COVID-19 restrictions until June

Victorian Premier Daniel Andrews is cautiously relaxing COVID-19 restrictions, emphasising complacency could result in the virus getting out of control. The State will relax gathering restrictions from 11:59pm on Tuesday night, enabling five guests to visit a household. Unlike in other states, cafés, restaurants and bars will r...

Read More...
Scentre Group poised for retail return as COVID-19 restrictions ease

Scentre Group poised for retail return as COVID-19 restrictions ease

Around the country states are planning to ease COVID-19 restrictions, giving Australian retailers the confidence to reopen. This is good news for the operator of Westfield centres, Scentre Group (ASX: SCG), as it remerges from the slowdown. All 42 Westfield Living Centres remained open and trading during the quarter, but new life&nbsp...

Read More...
Healthia successfully acquires 12 clinics for $5 million

Healthia successfully acquires 12 clinics for $5 million

Allied health company Healthia (ASX: HLA) is continuing on the acquisitions path despite economic uncertainty surrounding COVID-19, with the announcement today it purchased The Foot and Ankle Clinic for $5 million on Friday. Comprising 12 podiatry clinics in Melbourne and regional Victoria, the new acquisition is expected to gen...

Read More...
Suncorp reveals COVID-19 hit and up to $70 million in staff underpayments

Suncorp reveals COVID-19 hit and up to $70 million in staff underpayments

Queensland-based financial institution Suncorp (ASX: SUN) has detailed the full impact of COVID-19 on its business, as well as major staff underpayments across the group today. In a company update Suncorp says it is well capitalised to ride out the COVID-19 pandemic, despite expecting a $133 million impact due to the coronavirus crisis. ...

Read More...
WA sets generous reopening roadmap with restaurants and fitness classes fast-tracked

WA sets generous reopening roadmap with restaurants and fitness classes fast-tracked

Western Australia will enter the next phase of easing COVID-19 restrictions later than South Australia and Queensland, but the scope of many reopenings will be much more liberal for the "hard border" state. Premier Mark McGowan and Health Minister Roger Cook today announced the next phase of relaxing restrictions would star...

Read More...
NSW to start rolling back restrictions on 15 May

NSW to start rolling back restrictions on 15 May

NSW Premier Gladys Berejiklian has announced an easing restrictions that is broadly in line with the policies of South Australia and Queensland, allowing restaurants and cafés to reopen with up to 10 patrons at a time. Unlike in these two states however, NSW's next stage does not explicitly include pubs. Following the ...

Read More...
Australian health insurance sector targeted by notorious cybercrime group

Australian health insurance sector targeted by notorious cybercrime group

Australia's health insurance industry has been targeted by a well-known cybercrime group during the COVID-19 pandemic. According to global cybersecurity firm Palo Alto Networks a series of eight campaigns from a cybercrime actor called SilverTerrier have been taking advantage of vulnerable businesses during COVID-19 confusion. Of ...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter