Brisbane Articles

A2 Milk Company CEO steps down as international business flourishes

A2 Milk Company CEO steps down as international business flourishes

The CEO of the a2 Milk Company (ASX: A2M) has resigned as the company continues to grow and succeed overseas. Managing director and CEO Jayne Hrdlicka has agreed to step down from her role and will be replaced on an interim basis by former CEO Geoffrey Babidge. Over the last 18 months Hrdlicka has driven the company's internationa...

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iSignthis suspends outbound SWIFT transfers over money laundering concerns

iSignthis suspends outbound SWIFT transfers over money laundering concerns

Update: Since this article was originally published on 6 December, iSignthis has downgraded its FY19 (ending 31 December) guidance from $10.7 million to $6.5 million. Payment identity verifier iSignthis (ASX: ISX) has made the decision to temporarily suspend outbound international SWIFT transfers from Australia due to concerns around anti...

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Nothing in vain for digital marketer Social Status

Nothing in vain for digital marketer Social Status

John Klein believes keeping different brands has been key to lifting the standing of his digital marketing company Social Status. Klein worked in market research for eight years, over that time gaining a deep understanding of consumer behaviour. However, being a people person, he knew better to step away from the spreadsheet and delve int...

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LandMark White rebrands as Acumentis

LandMark White rebrands as Acumentis

Following a disastrous 2019 during which LandMark White (ASX: LMW) was hit with not one but two data breaches, the property valuer has decided to rebrand. Say goodbye to LandMark White and welcome to the stage: Acumentis. The group says the new name has been derived from two Latin words; acumen (meaning a keen insight and sharpness in...

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The Iconic unveils Sydney fulfilment centre upgrade

The Iconic unveils Sydney fulfilment centre upgrade

One of Australia's leading fashion e-retailers The Iconic has completed an 8,000sqm fulfilment centre expansion that will lift its inventory capacity by 1.55 million units. The retailer's Yennora 2 upgrade in South West Sydney now gives it an overall capacity of more than 3.75 million units, with an additional 20km of shelvin...

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Supreme Court sets aside statutory demand against Smiles Inclusive

Supreme Court sets aside statutory demand against Smiles Inclusive

Within a week of having a major suit against it dropped, dental care company Smiles Inclusive (ASX: SIL) is today claiming victory in another legal matter. This morning the Supreme Court of Queensland set aside a statutory demand served by the former owners of Sydney-based Future Care Mobile Dentistry (FCMD), who sold their busi...

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Coles to pay Norco dairy farmers $5.25 million after allegedly misleading consumers

Coles to pay Norco dairy farmers $5.25 million after allegedly misleading consumers

Norco Co-operative Limited (Norco) dairy farmers will receive $5.25 million from Coles (ASX: COL) after the supermarket giant failed to pass on a 10c per litre price rise. The payment to Norco follows an investigation by the Australian Competition and Consumer Commission (ACCC) into whether Coles fully passed on to Norco a 10c per litre p...

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Carlton United Breweries pours itself a tall glass of Balter

Carlton United Breweries pours itself a tall glass of Balter

Carlton United Breweries (CUB) has nabbed itself another craft brewery with the acquisition of Gold Coast-based Balter. The acquisition for an undisclosed sum will see Balter join the CUB family alongside fellow formerly 'indie' beer labels like Goose Island, Wild Yak, Pirate Life and 4 Pines. CUB is estimated to have almost a...

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iSignthis takes ASX to court

iSignthis takes ASX to court

It has now been more than two months since payment identity verifier iSignthis (ASX: ISX) was suspended from trading, and the company's board has had enough. iSignthis was riding high until a report from Ownership Matters in September raised concerns over the release of performance shares to top executives, prompting a wave ...

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Afterpay reports record sales, bringing in $1 billion during November

Afterpay reports record sales, bringing in $1 billion during November

Buy-now pay-later (BNPL) provider Afterpay (ASX: APT) has finally hit the $1 billion mark, signifying the platform's strongest month of sales since its inception. The $1 billion of monthly underlying sales was buoyed by the Black Friday and Cyber Monday sales, which Afterpay says were record trading days for the company. The recor...

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Megaport to raise $62m for network expansion

Megaport to raise $62m for network expansion

Fast-rising cloud technology company Megaport (ASX: MP1) has announced a $62 million capital raise to boost its funding arsenal for accelerating expansion into new markets. The Brisbane-based company, which provides interconnection services between cloud networks, will also use the funds for capacity upgrades, working capital requirements...

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Tsitsipas, Djokovic and more to entertain Brisbane tennis fans at ATP Cup

Tsitsipas, Djokovic and more to entertain Brisbane tennis fans at ATP Cup

"It's the strongest list on paper that Brisbane tennis fans have ever seen," says Tennis Queensland CEO Mark Handley. The Australian Open has long meant the world's greatest tennis players will converge on the country in January, but an exciting new tournament in the lead-up means many will be here for almost four w...

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Victorian venture Jolly Miller vies for vegan market share

Victorian venture Jolly Miller vies for vegan market share

"Although Australia is home to one of the world's fastest-growing vegan markets, we identified a gap in the market for brands offering quality vegan baked goods," says Jolly Miller Group CEO Simon Barbar. Victorian cafe and patisserie owner The Jolly Miller Group has grown rapidly over the past year with 12 non-franchis...

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Caason Group partners with Hemp Farms Australia to build local hemp supply chain

Caason Group partners with Hemp Farms Australia to build local hemp supply chain

The emerging hemp sector in Australia is becoming big business, but without an adequate local supply chain the industry risks becoming too reliant on international imports. A new partnership between an agricultural investment group and Australia's major hemp cultivars is looking to change that status quo. Hemp Farms Australia (HFA...

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Adairs lifts guidance after $76m e-commerce acquisition

Adairs lifts guidance after $76m e-commerce acquisition

Shares in furniture retailer Adairs (ASX: ADH) surged 13 per cent to $2 each in early trading this morning after the company lifted profit guidance and announced plans to acquire online home and living products seller Mocka. Adairs has entered a binding agreement to buy Mocka for a notional initial enterprise value of around $NZ...

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Google co-founders Larry Page and Sergey Brin step down from Alphabet leadership

Google co-founders Larry Page and Sergey Brin step down from Alphabet leadership

The founders of the world's fourth-largest listed company are calling it a day for their executive roles at Alphabet Inc (NASDAQ: GOOGL), but they will still stay on as shareholders and board members. One of the most significant executive departures of the decade was announced this morning with Google co-founders Larry Page (CEO)...

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Uniti Group acquires 1300 Australia for $78m

Uniti Group acquires 1300 Australia for $78m

Adelaide-based telco Uniti Group (ASX: UWL) (fka 'Uniti Wireless') is poised to acquire Australia's leading 'phonewords' provider for $78 million following a substantial capital raise. Uniti will acquire 100 per cent of 1300 Australia and its related entities for $78 million, funded by an $85 million entitlement raise....

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Criminal charges laid against former BCU CEO

Criminal charges laid against former BCU CEO

A former director and CEO of credit union BCU could face up to 10 years in jail if found guilty of criminal charges made against him by the Australian Securities and Investments Commission (ASIC). Lyndon Allen Kingston (pictured) was an executive - first as CFO and then CEO - at Coffs Harbour-based BCU for nine years and was a senior...

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Heavyweight investors back $8m raise for restaurant ordering app me&u

Heavyweight investors back $8m raise for restaurant ordering app me&u

Australian mobile ordering and payments app for the hospitality industry me&u has announced an $8 million Series B funding round backed by some major investors. Merivale's Justin Hemmes (pictured right) and Tyro Payments have invested in the startup that removes the friction of waiting in lines to pay or order at restaurants,...

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Stacked Farm, Australia's first fully robotic end-to-end vertical farm

Stacked Farm, Australia's first fully robotic end-to-end vertical farm

Whether it be Bowery Farming backed by Google's parent company Alphabet, Square Roots which was founded by Elon Musk's brother Kimbal, or the innovative startup InFarm with leafy green-growing modules installed in supermarkets, vertical farming is a fertile space for development right now. Australia may have one of the world&...

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Frasers Property to transform Brisbane quarry into masterplanned community

Frasers Property to transform Brisbane quarry into masterplanned community

A new masterplanned residential community in Brisbane is one step closer to fruition following the acquisition of a quarry by Frasers Property. The site, nine kilometres north west of the Brisbane CBD in Keperra, was bought by Frasers for $31 million, and has an estimated gross domestic value of $234 million. Following a community eng...

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Aussie-founded retail software scale-up Bigtincan bags deal with Sephora USA

Aussie-founded retail software scale-up Bigtincan bags deal with Sephora USA

Software as a Service (SaaS) company Bigtincan (ASX: BTH) is set to finish 2019 on a high after securing a $2.8 million contract with personal care and beauty product retailer Sephora USA, owned by global luxury product leader LVMH Moët Hennessy Louis Vuitton. Bigtincan's sales enablement automation software is used by ...

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Stormy seas for Benjamin Hornigold

Stormy seas for Benjamin Hornigold

Brisbane-based investment firm Benjamin Hornigold has released its preliminary final report for FY19, and things are not looking bright. The firm, named after an infamous pirate, saw its revenues decrease by 374 per cent into the negatives, from $638,518 in FY18 to a loss of $1.75 million in FY19. Its losses also decreased substantial...

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Optus hit with $6.4 million fine for misleading customers

Optus hit with $6.4 million fine for misleading customers

A marketing email has cost telco Optus $6.4 million in penalties after the Federal Court determined it to be misleading. Following proceedings brought by the Australian Competition and Consumer Commission (ACCC), the Federal Court found that Optus made misleading claims about home internet disconnections to consumers. The case revolve...

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Class action launched against Woolworths

Class action launched against Woolworths

Last month Woolworths Group (ASX: WOW) announced it had underpaid staff by about $300 million, but Adero Law alleges the figure is more like $620 million. A staff underpayment scandal that prompted reprimands from the Fair Work Ombudsman and led to executive pay cuts has just turned up a notch for Australia's largest retaile...

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Young Entrepreneur stars align to revolutionise aged care with AI

Young Entrepreneur stars align to revolutionise aged care with AI

When we work together magic can happen; and that's certainly the case with the launch of a breakthrough AI device that promises to revolutionise our aged care services. Three of Queensland's brightest young entrepreneurs have teamed up to create a patented artificial intelligence device that uses sensors to monitor the interaction...

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Zip Co to raise $60 million for global expansion and SME business

Zip Co to raise $60 million for global expansion and SME business

Buy-now-pay-later (BNPL) company Zip Co (ASX: Z1P) entered a trading halt this morning before announcing a $60 million capital raising, issuing new shares at a 5.6 per cent discount to the last trading price. The group led by Larry Diamond (pictured) plans to use the funds to bolster global expansion in the UK; a move made possible b...

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Promising signs McGrath might be out of the doldrums

Promising signs McGrath might be out of the doldrums

Real estate group McGrath (ASX: MEA) expects to be back in the black in FY20 with sales up year-on-year so far despite challenging market conditions. The company recorded a negative EBITDA of $10.1 million in FY20 including the exacerbation wrought by $3.7 million in onerous contracts, but AGM presentations yesterday painted a bright...

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Bardot falls into voluntary administration

Bardot falls into voluntary administration

Another beloved Australian retailer has fallen into voluntary administration. This time it is women's fashion retailer Bardot, whose collapse was quietly announced by administrators KPMG last night. In a short statement, KPMG says they the business continues to trade as usual while turnaround and recapitalisation opportunities are...

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Rural Funds investors unsuccessful in bid to thwart sale of poultry business

Rural Funds investors unsuccessful in bid to thwart sale of poultry business

One of the major investors in a Rural Funds Group (ASX:RFF) poultry business have come out swinging against the parent this morning, adding to the significant pressure being faced by RFF. Kaizen Capital owns 19.51 per cent of RF Poultry Limited (RFP), an NSX listed fund that manages RFF's chicken growing activities. The major shar...

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