Villa World draws battle lines ahead of takeover bid

Villa World draws battle lines ahead of takeover bid

The battle for control of residential developer Villa World (ASX: VLW) has been ramped up with the company reportedly hiring Macquarie Capital as its defence adviser. The Gold Coast-based Villa World confirmed it has received a $280 million takeover bid from AVID Property Group and this has prompted its biggest investor, Singapore listed ...

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LandMark White's data breach just the beginning for cyber criminals

LandMark White's data breach just the beginning for cyber criminals

Though the dust is yet to settle and the full effects of the data breach suffered by LandMark White are yet to be revealed, it's safe to say one tiny error has led to a world of pain for the listed property valuer. Whether it was the 10 days that LMW's data was sitting on the dark web free for anyone opportunistic enough to grab, ...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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CropLogic secures growing licence for major US hemp state

CropLogic secures growing licence for major US hemp state

Agricultural technology company CropLogic (ASX: CLI) is now one of the first ASX-listed companies to receive a US hemp growers licence after authorities in the Pacific Northwest state of Oregon gave it the green light. The news of CropLogic's licence for cultivating industrial hemp comes less than a week after the company signed a lea...

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Class action looms for IOOF

Class action looms for IOOF

While Australia's prudential watchdog takes action against IOOF (ASX: IFL) directors and executives over alleged misconduct, the wealth manager is about to face another legal battle. Sydney-based law firm Quinn Emanuel Urquhart & Sullivan announced today it planned to file a class action against IOOF, arising from evidence given a...

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Franchising report reveals former RFG boss Tony Alford's "professed, repeated ignorance" at inquiry

Franchising report reveals former RFG boss Tony Alford's "professed, repeated ignorance" at inquiry

A scathing report has ripped into former Retail Food Group (ASX: RFG) boss Tony Alford for being "evasive, inconsistent and generally uncooperative" during the parliamentary inquiry into Australian franchisors which took place between March and September 2018. In its Fairness in Franchising report released yesterday, the parliam...

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Techpreneurs team up to make automation accessible

Techpreneurs team up to make automation accessible

Automation and artificial intelligence can sound intimidating, but two of Australia's top young entrepreneurs want to make the technology accessible for every size business. Blackbook.ai and BITS Technology Group have partnered to offer automation as a service, a collaborative product launching next week at Automate 2019 in Brisbane a...

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Retail Food Group "damaged the reputation of franchising" slams parliamentary report

Retail Food Group "damaged the reputation of franchising" slams parliamentary report

The parent company behind Brumby's, Donut King, and Michel's Patisserie has been slammed by a parliamentary inquiry into Australian franchisors. The committee devoted a chapter in their Fairness in Franchising report released today to Retail Food Group (ASX:RFG) as an example of a franchisor who is taking advantage of an insuffici...

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Investment firm launches $20 million takeover bid for Yowie

Investment firm launches $20 million takeover bid for Yowie

Yowie (ASX: YOW) might be completely gobbled up by Australian investment firm Keybridge Capital (ASXL KBC) for a cool $20 million. The underperforming confectioner is facing the takeover by Keybridge following a disappointing first half during which the company recorded a loss of $871,000. Keybridge looks to be taking advantage of thi...

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Oliver's Real Food shares surge on founder's return

Oliver's Real Food shares surge on founder's return

A healthy fast food chain with bloated overheads is about to rein in costs through an executive overhaul that has already led to a doubling of its share price since the announcement was made on Monday morning. That company is Oliver's Real Food (ASX: OLI), an enterprise headquartered on the Central Coast of New South Wales that listed...

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Retail Food Group denies administration rumours

Retail Food Group denies administration rumours

Embattled franchisor Retail Food Group (ASX: RFG) has denied reports in the Courier Mail citing "word on the street" speculation that administrators could be called in as soon as next week. The operator of food brands including Brumby's, Donut King, Michel's Patisserie and Gloria Jeans reported a loss of $111 million for...

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Zelda strikes up partnership to break into US medicinal cannabis market

Zelda strikes up partnership to break into US medicinal cannabis market

Zelda Therapeutics (ASX: ZLD) has entered into a partnership that could see it grab a serious slice of the US medicinal cannabis market. Zelda and Ilera Healthcare will explore a range of commercialisation opportunities to tap into the lucrative US medicinal cannabis market. Though not legal or decriminalised federally, the United Sta...

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Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

After months of withholding notes from interviews of current and former AMP representatives, law firm Clayton Utz has finally coughed up documents requested by the Australian Securities and Investments Commission (ASIC). The notes formed the basis for Clayton Utz's October 2017 report on on fees for no service (FFNS) that was consider...

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Aussie AI ace Appen to acquire US business for up to $428M

Aussie AI ace Appen to acquire US business for up to $428M

Update: On 12 March Appen announced its $285 million placement to help fund the acquisition was successfully completed.  Machine learning and AI company Appen (ASX: APX) expects a material increase in its revenue and customer base following a binding agreement to acquire San Francisco-based Figure Eight Technologies, Inc. The Syd...

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Australian Ag Co estimates damages, cattle loss from floods

Australian Ag Co estimates damages, cattle loss from floods

Beef producer Australian Agricultural Company (ASX: AAC) will need to repair thousands of kilometres of boundary fences now that floods have receded in North Queensland, but the positive news is it appears cattle losses were lower than expected in some areas.  As a preliminary estimate drawing from on-the-ground surveys, mi...

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Mark Zuckerberg lays out a future for Facebook that promises to be private

Mark Zuckerberg lays out a future for Facebook that promises to be private

In just a few short years Facebook went from one of the most popular social media platforms, beloved by millions, to one that its users no longer trust. Though privacy issues were a problem for Facebook pre-2018 it was the Cambridge Analytica scandal that led to many vowing to ditch the social media site. Bots, political misinformatio...

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Rosella partners with Kagome Australia for new traceable tomato products

Rosella partners with Kagome Australia for new traceable tomato products

The need for transparency in the food industry is becoming more important as customers are starting to demand to know where their food is grown. This development in the sector is reflected in the changes major Australian food producers are making, and Aussie favourite Rosella is leading the charge. Rosella has announced a partnership ...

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Merino Country woollen undies strike the right baa-lance

Merino Country woollen undies strike the right baa-lance

For many small businesses a high-profile defence contract would be like hitting the jackpot, but for woollen apparel manufacturer Merino Country it was a stepping stone to greater things.  With 20,000 customers worldwide, the Brisbane-based company celebrated 25 years in business last year and has come a long way from its o...

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Will new funding round propel iVvy to the big leagues of software tech?

Will new funding round propel iVvy to the big leagues of software tech?

Software as a Service (Saas) outfit iVvy is taking its cloud-based event and venue management platform to new heights with a $5 million Series A funding round to accelerate global expansion. After disrupting the meeting and events industry in Australia and expanding internationally to include 12,000 users in 13 countries, the Gold Coast-h...

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Online fashion retailer THE ICONIC increases market share

Online fashion retailer THE ICONIC increases market share

Online fashion retailer, THE ICONIC, has increased its market share in Australia and New Zealand from 9 to 15 per cent as it confirms its status as one of the fastest growing pure online plaer in both countries. The fashion and sports retailer released a trading update which also reveals it now sells 1,000 brands and 60,000 products on it...

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Retail Food Group shutting stores and slashing costs on heavy losses

Retail Food Group shutting stores and slashing costs on heavy losses

Under siege fast food franchise operator Retail Food Group (ASX: RFG) has closed 93 of its stores in the first half of the financial year and plans to shutter more as it revealed a loss of $111 million. RFG, which operates Donut King, Gloria Jeans, Michel's Patisserie, Brumby's and Crust Gourmet Pizza says it will continue to slas...

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Macquarie Telecom records another strong result

Macquarie Telecom records another strong result

For the past nine financial halves data centre operator Macquarie Telecom (ASX: MAQ) has recorded growth in revenue and profit. The half ending December 31 was buoyed by continued investments into the group's data centres, positioning the company well for the serious demand Australian businesses have for data storage. Revenue was ...

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Blackmores chief to step down

Blackmores chief to step down

The head of vitamin and supplements company Blackmores (ASX: BKL) will be stepping down after just 18 months in the role. The resignation of chief executive officer Richard Henfrey (pictured) was announced this morning, a week after the group forecast short-term impacts on profit growth due to softened conditions in China and the cos...

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WiseTech buys Containerchain for $92m

WiseTech buys Containerchain for $92m

Founder-led logistics software group WiseTech Global (ASX: WTC) is set to expand its international reach after sealing a deal to buy Singapore-based containerisation solutions provider Containerchain for $92 million. The acquired group covers more than five million import and export container movement notifications each year, and has offi...

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National Vet Care results work a treat

National Vet Care results work a treat

As the ASX's leading vet stock Greencross (ASX: GXL) prepares to formally leave the bourse in a couple of days after its buyout from TPG, other companies in the space will certainly have large shoes to fill. With a market capitalisation worth around a fifth of Greencross' value, another Queensland-based outfit National Veteri...

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ASIC swoops on GetSwift with civil proceedings

ASIC swoops on GetSwift with civil proceedings

GetSwift (ASX: GSW) and its directors Bane Hunter and Joel Macdonald are once again in the firing line. The Australian Securities and Investment Commission (ASIC) has today launched civil proceedings against GetSwift in the Federal Court of Australia in Melbourne. The proceedings relate to a series of ASX announcements made by GetSwif...

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Medicinal cannabis players see green with new deals

Medicinal cannabis players see green with new deals

There have been some major cannabis deals done today in the hallowed halls of the Australian Stock Exchange. The two deals are set to increase access for patients looking for medicinal cannabis and improve the quality of medicines being created in Australia. First, Althea (ASX: AGH) has signed a supply and distribution agreement with ...

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Catch me if you can: Aussie online shopping giant sees sales surge

Catch me if you can: Aussie online shopping giant sees sales surge

Major online shopping company Catch Group has announced a massive uptick in sales for the first half of FY19, driven by significant growth in its product range and active customer base. In an announcement of its unaudited results today, the group highlighted 62 per cent growth in gross transaction volume (GTV) to $254 million, including m...

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One of Jenny Hutson's lieutenants has pleaded guilty to giving false info to ASIC

One of Jenny Hutson's lieutenants has pleaded guilty to giving false info to ASIC

Mary-Anne Graves, one of the board members of Wellington Capital involved in Jenny Hutson and G8 Education's failed takeover of Affinity Education, has pleaded guilty before the Brisbane Magistrates' Court. Graves was charged with three counts of giving false or misleading information under oath in June 2016, and today plead guilt...

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