Articles

Amazon Australia to construct robotic fulfilment centre in Sydney's West

Amazon Australia to construct robotic fulfilment centre in Sydney's West

Amazon Australia has announced plans to open its first Amazon Robotics fulfilment centre at the Oakdale West Industrial Estate in Western Sydney, targeted for completion by late 2021. The state-of-the-art distribution centre is the latest landmark development for Brickworks (ASX: BKW) and Goodman Group's (ASX: GMG) joint venture at th...

Read More...
Keybridge launches takeover bid for RNY Property Trust

Keybridge launches takeover bid for RNY Property Trust

Nicholas Bolton-helmed Keybridge Capital (ASX: KBC) has launched a bid to take over the entirety of RNY Property Trust (ASX: RNY), a property fund with a connection to Aurora Funds Management. The bid sees Keybridge offer 0.16 KBC shares per each RNY unit on issue. At today's KBC trading price of $0.071 the offer values the transactio...

Read More...
BAF one step closer to exit from Blue Sky management after long delays

BAF one step closer to exit from Blue Sky management after long delays

Blue Sky Alternatives Access Fund (ASX: BAF) has finally resolved issues that were holding back a management change to Wilson Asset Management, but documentation still needs to be finalised before shareholders can vote on the move. It has now been more than seven months since BAF reached an agreement to change managers, shaking off the sh...

Read More...
Complete Business Travel steps up health, fitness and wellness

Complete Business Travel steps up health, fitness and wellness

This time last year, Complete Business Travel (CBT) won the 2019 National Travel Industry Award for its innovative approach to corporate travel. 12 months on and it's a whole different
business landscape, so the group has stepped up again with a world-first initiative. With many people working remotely and travelling less due to COV...

Read More...
SA will not relax Victorian border on 20 July

SA will not relax Victorian border on 20 July

South Australia's border with Victoria will not be reopened on 20 July as planned due to the worsening situation with COVID-19 in Melbourne.  The state will also reassess the date on which it will open its border to the Australian Capital Territory and New South Wales, indicating today that it may actually be sooner than 20 July....

Read More...
ASIC won't take action after RFG investigation

ASIC won't take action after RFG investigation

The Australian Securities and Investments Commission (ASIC) has notified Retail Food Group (ASX: RFG) it will not be taking any enforcement action in relation to two concluded investigations of the franchise operator. RFG shares are up 5.88 per cent this morning at $0.072 following the news, but a note from RFG clarifies no inference shou...

Read More...
Virgin shareholders will not see a cent from sale of airline

Virgin shareholders will not see a cent from sale of airline

Administrators of airline Virgin Australia (ASX: VAH) have clarified that shareholders will not receive any distribution for their shares once the sale to Bain Capital is completed. Further, administrators Deloitte have said that they do not expect there will be sufficient recoveries to repay creditors in full. "We declare that w...

Read More...
Seafolly appoints voluntary administrators

Seafolly appoints voluntary administrators

One of Australia's most iconic swimwear and women's beachwear brands is all at sea after 45 years in business, and will be sold off as part of an administration process announced yesterday. A "crippling impact" from the COVID-19 pandemic led Seafolly to make the tough decision, appointing Scott Langdon and Rahu...

Read More...
Federal Government to pump $1.35 billion into Nation's cyber security capabilities

Federal Government to pump $1.35 billion into Nation's cyber security capabilities

More than $1.35 billion will be invested into the nation's cyber security capabilities over the next decade by the Federal Government. $1.35 billion will be delivered to the Australian Signals Directorate (ASD) and the Australian Cyber Security Centre (ACSC), whilst $1.6 million will be provided to enhance the cyber security of Austra...

Read More...
MyFiziq's expansion, NASDAQ listing plans set to boost FY21 revenues

MyFiziq's expansion, NASDAQ listing plans set to boost FY21 revenues

The following article is sponsored content in partnership with MyFiziq. Business News Australia does not give financial advice. An end-of-year update released by body measurement technology company MyFiziq (ASX: MYQ) today lays strong foundations for FY21, with agreements in place for its products and a US listing on the horizon. ...

Read More...
Victoria confirms 75 new COVID-19 cases

Victoria confirms 75 new COVID-19 cases

The Victorian Minister for Health Jenny Mikakos has confirmed 75 new cases of COVID-19 today, bringing the state's total to 2,099. In Victoria, this is the highest new daily case rate since 31 March when 96 new cases were reported. The highest peak in Victoria to date was on 28 March when there were 111 confirmed new COVID-19 case...

Read More...
SeaLink secures Brisbane CityCat contract

SeaLink secures Brisbane CityCat contract

Adelaide-based transport service provider SeaLink has been appointed as the new operator of Brisbane City Council's CityCat ferry network. Operating locally as RiverCity Ferries, the contract is for the operation of the Brisbane River ferry services including CityCat, CityHopper and Cross River Ferry, as well as the maintenance of the...

Read More...
Servcorp cuts US footprint in half, closes 12 offices

Servcorp cuts US footprint in half, closes 12 offices

Serviced offices provider Servcorp (ASX: SRV) has finally bit the bullet with its underperforming US business with a major reorganisation announced today. The company will close 12 locations including some of the country's largest cities and leading startup hubs, leaving only 10 remaining offices for its US footprint. The location...

Read More...
Two Kaufland properties sold to Woolworths, Aventus

Two Kaufland properties sold to Woolworths, Aventus

ASX-listed companies are picking up some of the first pieces from the surprise exit of German retailer Kaufland earlier this year, with two of the group's nine sites now sold. Schwarz Group-owned Kaufland reportedly spent $500 million on its now abandoned Australian foray, but a small percentage of that has been regained through the s...

Read More...
Tasmania to open borders from 24 July

Tasmania to open borders from 24 July

If everything goes to plan, Tasmania will open up its borders to the rest of the country on 24 July. This plan to further ease COVID-19 restrictions in the state will be reassessed regularly over the next four weeks, with a formal review into the situation in Victoria to be conducted in a fortnight from now. Tasmanian Premier Peter Gu...

Read More...
Virgin likely to stay based in Queensland

Virgin likely to stay based in Queensland

Virgin Australia's (ASX: VAH) HQ is likely to remain in Brisbane following the confirmation that Bain Capital has been named as the successful bidder for the ailing airline. Speaking to the press this afternoon Queensland Treasurer Cameron Dick celebrated the news Virgin had found a new owner, indicating it was quite likely the airlin...

Read More...
$220 million Geelong civic project greenlit

$220 million Geelong civic project greenlit

A $220 million revitalisation project for Geelong has been greenlit today by the Victorian Minister for Planning Richard Wynne. The project, designed by Cox Architecture, will include a new centralised head office for the City of Greater Geelong, a separate building owned and managed by Quintessential Equity, and a 2,600sqm public precinc...

Read More...
Bain Capital selected as successful bidder for Virgin Australia

Bain Capital selected as successful bidder for Virgin Australia

Virgin Australia's (ASX: VAH) administrators Deloitte have named Bain Capital as the successful bidder for the company after Cyrus Capital Partners pulled out of the running this morning. Following a comprehensive sale campaign the administrators have today entered into a sale and implementation agreement with Bain Capital. ...

Read More...
Retail Food Group sees customers return, but permanent closures inevitable

Retail Food Group sees customers return, but permanent closures inevitable

Retail Food Group (ASX: RFG), the owner of Gloria Jean's Coffees, Brumby's Bakeries, Donut King, Michel's Patisserie and others, has observed an increase of customers returning to its outlets as COVID-19 restrictions ease across most of the country.  However, the pandemic has sped up the permanent closure of a number of i...

Read More...
ASIC threatens court action against Smiles Inclusive

ASIC threatens court action against Smiles Inclusive

More than 3.5 months after Smiles Inclusive (ASX: SIL) was suspended from trading over its failure to produce an audited financial report for the December half, Australia's corporate watchdog is taking steps to force the struggling dental outfit to lift its game. If a court order arises at the request of the Australian Secur...

Read More...
Qantas completes $1.4 billion placement

Qantas completes $1.4 billion placement

Airline Qantas (ASX: QAN) has successfully completed the $1.4 billion placement tranche of its broader capital raise this morning. The company says it received high levels of interest from both existing institutional shareholders and new investors, with demand to participate in the placement "significantly in excess of the funds that...

Read More...
Cyrus Capital Partners pulls out of Virgin Australia bid

Cyrus Capital Partners pulls out of Virgin Australia bid

Investment advisory firm Cyrus Capital Partners has withdrawn its bid to acquire Virgin Australia (ASX: VAH), leaving Bain Capital as the last bidder standing. As reported by the ABC Cyrus says the decision was made after Virgin administrator Deloitte allegedly failed to "meaningfully engage" with Cyrus. The shock move comes...

Read More...
GTR's early move to USA uranium puts it ahead of the pack

GTR's early move to USA uranium puts it ahead of the pack

The following article is sponsored content in partnership with Finfeed. Business News Australia does not give financial advice. As investors cotton on to the generally positive movements in the uranium price, the outlook for uranium explorers and producers is also improving. GTi Resources (ASX: GTR) first came to investors' attent...

Read More...
Stylerunner, The Athlete's Foot drive profit lift at Accent Group

Stylerunner, The Athlete's Foot drive profit lift at Accent Group

A shift to online has put a spring in the step of footwear retail company Accent Group (ASX: AX1), pushing up digital sales in the June quarter by 150 per cent. The group, which owns the Australia-New Zealand distribution rights to footwear brands like The Athlete's Foot, Stylerunner, Skechers, Vans and Dr. Martens, is now foreca...

Read More...
Blank check company to lift F45 onto the NASDAQ

Blank check company to lift F45 onto the NASDAQ

A US-based blank check company will take Australia's F45 onto the NASDAQ following the completion of a merger, enabling the fitness company to continue on its international expansion path. F45 will be acquired by Crescent Acquisition Corp (NASDAQ: CRSA), a listed acquisition vehicle created by Crescent Capital Group in March last year...

Read More...
Atlassian Sydney HQ will be world's tallest hybrid timber tower

Atlassian Sydney HQ will be world's tallest hybrid timber tower

Software giant Atlassian aims to "turbo-charge" Australia's tech economy with the help of a new architecturally progressive precinct at Central Station in Sydney. The NYSE-listed company unveiled plans today for its new headquarters to become the world's tallest hybrid timber building, concocted by the same architecture ...

Read More...
Dexus to sell Sydney CBD property for $530m

Dexus to sell Sydney CBD property for $530m

Property trust Dexus (ASX: DXS) has today announced a deal to sell a Sydney office tower to Singapore-based Peakstone for $530 million, with proceeds initially to be used to pay down debt.  The announcement involving conditionally exchanged contracts for 45 Clarence St comes on the same day as a $195 million drop in the value of...

Read More...
COVID-19 has changed the future of retail: there's plenty more automation in store

COVID-19 has changed the future of retail: there's plenty more automation in store

Australian supermarket giant Woolworths has announced its single biggest investment in logistics infrastructure, spending A$780 million to replace up to 1,300 workers with robots. It plans to build one semi-automated and one fully automated distribution centre in south-west Sydney. About 650 jobs will be created at the new centres, to ope...

Read More...
Qantas to raise $1.9 billion for COVID-19 recovery, 6,000 staff made redundant

Qantas to raise $1.9 billion for COVID-19 recovery, 6,000 staff made redundant

Airline Qantas (ASX: QAN) will raise $1.9 billion in equity to accelerate recovery as it taxis onto its COVID-19 recovery plan. Qantas' three-year recovery plan includes making 6,000 staff redundant, grounding 100 aircraft for at least a year, and immediately retiring Qantas' six remaining 747s. Of the $1.9 billion, approximat...

Read More...
TPG shareholders approve Vodafone merger

TPG shareholders approve Vodafone merger

TPG Telecom (ASX: TPM) shareholders have voted almost unanimously in favour of a merger with Vodafone Hutchison Australia (VHA), with management hopeful ordinary trading of the combined group will start on 14 July. The vote was able to proceed after the Foreign Investment Review Board (FIRB) approved the deal in May, following a...

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