SumoSalad back in the ring with plans for THR1VE merger

SumoSalad back in the ring with plans for THR1VE merger

Within months of struggling through the toils of voluntary administration, food chain SumoSalad looks set to merge with another company that has fallen on hard times. Led by co-founder Luke Baylis as its company director, SumoSalad has signed a heads of agreement to explore the creation of a leading "house of wellness brands&quo...

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National Veterinary Care continues Australian domination with new acquisitions

National Veterinary Care continues Australian domination with new acquisitions

Tomas Steenackers' (pictured) National Veterinary Care (ASX: NVL) has been picking up clinics at a rapid pace this year, and has just finalised its latest round of purchases. The veterinary clinic operator announced today that is has completed the settlement of its fourth clinic over the last month alone. This final acquisition br...

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Forget the sofa: Find comfort with online counselling

Forget the sofa: Find comfort with online counselling

Seeing a mental health professional can be a daunting experience. Never mind the sterile waiting rooms, the unfamiliar office, and the anxiety of having to ask for time off work sometimes the hardest part is finding a car park! With broadband speeds faster than ever, and with telehealth well and truly entering its prime, it might be t...

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ACCC takes on TPG for retaining millions from allegedly misleading conduct

ACCC takes on TPG for retaining millions from allegedly misleading conduct

The Australian Competition and Consumer Commission (ACCC) is hoping to secure compensation for TPG customers after the telco allegedly misled consumers about a "prepayment" fee. The ACCC alleges that TPG misled customers about a $20 "prepayment" made by consumers and that the telco included unfair prepayment contract t...

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Retail Food Group restructure drives out CEO

Retail Food Group restructure drives out CEO

Struggling franchise operator Retail Food Group (ASX: RFG) has wasted no time in putting the wheels in motion for a major restructuring flagged last week, with group chief executive officer Richard Hinson resigning after just six months in the job. Hinson started heading up the company's embattled Australian franchise operations in Ja...

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GrainCorp receives $2.4b takeover offer

GrainCorp receives $2.4b takeover offer

One of the country's largest agribusinesses GrainCorp (ASX: GNC) has been valued at a 42 per cent premium thanks to a takeover bid from Long-Term Asset Partners (LTAP), which is offering $10.42 per share. The non-binding, indicative proposal from the Australian outfit values Sydney-based GrainCorp at $2.4 billion, and at the time...

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Godfreys co-founder John Johnston passes away at 100

Godfreys co-founder John Johnston passes away at 100

John Johnston was described as a "driving force" behind the company's growth to become a national retail chain.  The centenarian owner of vacuum cleaner retailer Godfreys passed away last week, around five months after he and his family took back ownership of the group he co-founded almost eight decades ago. Godfrey...

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Retail Food Group chairman flags asset sales, imminent "major restructuring"

Retail Food Group chairman flags asset sales, imminent "major restructuring"

The new executive chairman brought in to change Retail Food Group's (ASX: RFG) fortunes says 2019 will be "another demanding year", with asset sales and job cuts looking likely for the for the franchise operator. For Peter George, who has worked on the turnaround of companies including Optus and Asciano, RFG's woes ...

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THC Global expands to NZ with medicinal cannabis range

THC Global expands to NZ with medicinal cannabis range

Within weeks of acquiring a Canadian cannabis growing facility, THC Global (ASX: THC) is living up to its name through international expansion into the New Zealand market. The Sydney-based group has secured exclusive rights in New Zealand to import a range medicinal cannabis products based on cannabidiol (CBD) oil extracts from Danis...

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Why should Myer report its quarterly sales?

Why should Myer report its quarterly sales?

Myer Holdings (ASX: MYR) chairman Garry Hounsell (pictured) has lambasted major shareholder Solomon Lew in a letter to the Australian Stock Exchange (ASX), claiming a "particularly disrupted" trading environment has been the result of sustained attacks from Lew's Premier Investments (ASX: PMV). The letter was in response to ...

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Businesses urged to watch out for email invoicing scams

Businesses urged to watch out for email invoicing scams

Scamwatch, the competition regulator's website highlighting business scams, is calling on businesses to urgently review how they verify and pay accounts and invoices as reports of business email compromise (BEC) scams have grown by a third this year. "This is a very sophisticated scam, which is why many businesses only realise th...

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Coles starts trading on the ASX

Coles starts trading on the ASX

After an 11-year absence due to its incorporation with Wesfarmers (ASX: WES), one of country's leading supermarkets is back on the Australian Stock Exchange. Shares in Coles Group (ASX: COL) started trading today following a decision from the Supreme Court of Western Australia on Monday to approve a Wesfarmers shareholder vote in...

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No earnings guidance from Blue Sky with board change underway

No earnings guidance from Blue Sky with board change underway

The outgoing chairman of Blue Sky Alternative Investments (ASX: BLA) is confident restructuring efforts will help deliver returns, but unlike in previous years the company has not given any earnings guidance for FY2019 at today's annual general meeting (AGM). Chairman John Kain (pictured), who will be replaced by former Hastings Funds...

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G8 Education shares surge on positive outlook

G8 Education shares surge on positive outlook

Shares in childcare services company, G8 Education (ASX: GEM) have surged more than 10 per cent after the company reported earnings for the 2018 calendar year were roughly in line with expectations. Ahead of the company's annual investor day presentation, G8 Education forecast its earnings before interest and tax (EBIT) will be in the...

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Brand affection not enough for Roger David: All stores to close within weeks

Brand affection not enough for Roger David: All stores to close within weeks

An Australian retail legacy is set to vanish from the business landscape as Roger David prepares to close its remaining 57 stores well before Christmas. The chain, which employs 300 people full-time as well as 200 casuals and part-time staff, was unable to entice buyers in a four-week process. Administrator Craig Shepard of KordaMenth...

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Amazon Australia launches local storefront for home-grown labels

Amazon Australia launches local storefront for home-grown labels

A year after touching down in Australia, Amazon has launched a new fashion shopfront packed with Aussie labels and designers. Called The Local Fashion Store, the curated selection of over 150 brands includes players like Local Supply, Lorna Jane, Review, Gazman, Rip Curl and Crumpler. Head of Amazon Fashion Australia Angela Langmann s...

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NEXTDC taps in to 9,000km cable thanks to Superloop deal

NEXTDC taps in to 9,000km cable thanks to Superloop deal

Data centre operator NEXTDC (ASX: NXT) is set to benefit from higher speeds thanks to a deal with Superloop (ASX: SLC) that will see it plug into consortium INDIGO's 9,000km international fibre cable project. Under the terms announced today, Superloop will provide NEXTDC's data centres in Perth (P1 and P2) and Sydne...

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ACCC will not oppose Nine-Fairfax merger

ACCC will not oppose Nine-Fairfax merger

Australia's competition watchdog has given its thumbs up to the proposed $4 billion merger of media giants Nine (ASX: NEC) and Farifax (ASX: FXJ/DHG), despite recognising the move would "likely reduce competition". The Australian Competition and Consumer Commission (ACCC) today announced it would not be opposing the merger af...

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Boardriders to sell former Billabong HQ in Burleigh Heads

Boardriders to sell former Billabong HQ in Burleigh Heads

After acquiring Billabong earlier in the year, Boardriders is set to sell the surf brand's iconic head-quarters and lease it back to maintain occupation. The California-based Boardriders acquired Billabong for around $208 million in April, and now owns a number of Australian surf-brands. The sale of the Burleigh Heads based Billab...

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Class action on the table after short seller report

Class action on the table after short seller report

Maurice Blackburn Lawyers is set to weigh in on VGI Partners' $55 million short on Brisbane-based travel company Corporate Travel Management ('CTM', ASX: CTD), with a class action potentially on the cards. But who the Melbourne-headquartered firm will be against is now the question. An investigation is currently underway i...

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Australia's top 20 cannabis companies

Australia's top 20 cannabis companies

Australia is currently sitting on the precipice of a brand-new industry, one projected to be worth big dollars in the near future. In the wake of Canada's historic move to legalise recreational cannabis nation-wide, Prohibition Partners has released a comprehensive report into the legal cannabis industry. The Oceania Cannabis Repo...

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Gold Coast Top Companies 2018 | TOP 10

Gold Coast Top Companies 2018 | TOP 10

The Gold Coast has proven that it is truly one of the country's most entrepreneurial cities to do business with, as evidenced by companies which made the grade this year. The city's corporate landscape now shows a lot of green shoots with an exciting diversity of companies. This year's top 10 reveals a notable change of gu...

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New owners for Pumpkin Patch

New owners for Pumpkin Patch

Alceon eventually plans to launch stand-alone Pumpkin Patch stores. The same Sydney-based company that bought out SurfStitch earlier this year has acquired well-known children's wear brand Pumpkin Patch from e-commerce giant Catch Group. Alceon Group completed the transaction this month to secure Pumpkin Patch's existing stock...

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Misbehaving banking and finance leaders could face 10 years in jail

Misbehaving banking and finance leaders could face 10 years in jail

Amidst public outrage over the dodgy dealings revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services, the government is taking action. Treasurer Josh Frydenberg has today announced new legislation in the federal parliament to significantly crack down on the individuals behind major instituti...

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Gold Coast Top Companies 2018 | 31-40

Gold Coast Top Companies 2018 | 31-40

After yesterday's assorted list that kicked off the countdown for Gold Coast Top Companies 2018, the firms ranked between 31-40 are a completely different breed bar a couple of common links in property and telecommunications.  Notably, there's a listed car cooling company whose share price has almost doubled since August, as ...

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Megaport plugs in to new revenue growth streams

Megaport plugs in to new revenue growth streams

Megaport (ASX: MP1) has seen its revenue surge by almost a fifth in the first quarter on the back of new data centre partnerships and a dominant theme of US expansion. The company deployed its software defined networking (SDN) service in 13 new locations in the quarter of which nine were in the US, helping it leverage a first-mover advant...

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IMF Bentham calls $84m raising to seize litigation trends

IMF Bentham calls $84m raising to seize litigation trends

Global litigation funder IMF Bentham (ASX: IMF) is preparing to raise over $84 million to prepare for a range of opportunities presently in reach for the company. The listed company will conduct a fully underwritten institutional placement to raise $74.48 million, comprising an issue of 26.6 million new IMF ordinary shares. The group ...

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New crop brings fresh vitality to Gold Coast Top Companies 2018

New crop brings fresh vitality to Gold Coast Top Companies 2018

THE old guard is making way for the new among the Gold Coast's top companies in what could be described as the most dynamic transformation of the city's corporate scene in a decade. There have been some big-name departures and some innovative debutants in this list, revealing that there's more to the Gold Coast ...

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Gold Coast Top Companies 2018 | 41-50

Gold Coast Top Companies 2018 | 41-50

From desserts to dental practices, timeshare holidays to a tenacious telco, the first set of players on the Gold Coast Top Companies 2018 list shows the diversity at play in the city's transforming economy.   Some have been around for decades, others for just a few years, but a common thread they share is a desire to carve o...

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Terry White supports takeover offer from EBOS

Terry White supports takeover offer from EBOS

Over the last few years, Terry White has grown to become one of the largest Australian pharmaceutical chains in the country. Following its merger with Chemmart in 2016, Terry White is looking to grow even further by selling itself off to Australia's largest and most diversified marketer, wholesaler and distributor healthcare goods: EB...

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