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Gold Coast Business News

Deloitte: Online to be key retail "battlefield" this Christmas

Deloitte: Online to be key retail "battlefield" this Christmas

Australian retailers have a healthy dose of Christmas cheer as they hurtle towards the year's busiest trading period, with a Deloitte survey showing 80 per cent expect improved year-on-year sales. Confidence has been buoyed by strong product mixes, while investments in omni-channel business models have made traders bullish on online s...

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Government announces $2b injection for small business

Government announces $2b injection for small business

The Federal Government is offering a leg up to around three million small businesses in Australia through the creation of a $2 billion fund that will be channelled through loans to small banks and non-bank lenders. The Australian Business Securitisation Fund is expected to improve competition in the business loan market, where borrow...

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Medicinal cannabis access to get a whole lot easier in Queensland

Medicinal cannabis access to get a whole lot easier in Queensland

After the Federal Government made it legal to consume cannabis for medicinal purposes two years ago, significant strides have been made to make access easier. Serious developments in the research and cultivation of cannabis for medicinal purposes have been made by private and public companies in the years since. However, the issue of ...

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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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The Star announces $2 billion masterplan to become Australia's largest resort

The Star announces $2 billion masterplan to become Australia's largest resort

Just a few months ago The Star Entertainment Group (ASX: SGR) broke ground on its new $400 million Gold Coast tower. Now, the company has announced an even loftier goal that has the potential to make The Star Gold Coast Australia's largest resort. Their announcement today is a planned investment of more than $2 billion to improve ...

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Queensland Premier ignites talks to bring Indy back to the Gold Coast

Queensland Premier ignites talks to bring Indy back to the Gold Coast

The Queensland Government is confident it will be able to bring back IndyCar racing to the Gold Coast following what has been a 10-year hiatus, after Premier Annastacia Palaszczuk announced today she is "accelerating talks" with series organisers in the US. The Premier has invited Indy CEO Mark Miles to come to Queensland a...

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Centre of Christmas to become the social event of the season

Centre of Christmas to become the social event of the season

The end of the year is fast approaching and with it, corporate party season. Finding the time to plan an end of year celebration for your colleagues and clients can be an arduous problem, however thankfully the Gold Coast Convention and Exhibition Centre (GCCEC) has a unique solution. GCCEC's Centre of Christmas corporate function...

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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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Gold Coast Top Companies | 11-20

Gold Coast Top Companies | 11-20

The Gold Coast may be about more than just property and tourism, but both remain key tenets of the city's economy as sectors that dominate our top 11-20 companies. Adaptation to the population changes afoot can be seen in aged care projects from the likes of Condev Construction and Halcyon, and the massive transformation underway at t...

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Gold Coast Top Companies 2018 | 21-30

Gold Coast Top Companies 2018 | 21-30

While business development and negotiations for new opportunites are often slow burn exercises, the pay-offs can prove massive if you make the right decisions at critical inflection points in a company's evolution. Fortunes are made quickly when the going gets good, but not everyone is always so lucky. Companies that fall on hard time...

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Young techpreneurs pick up coveted award with ambitious goals ahead

Young techpreneurs pick up coveted award with ambitious goals ahead

Following a phenomenal year of international expansion and over 100 per cent year-on-year growth, Kane Sajdak and Bernard Mangelsdorf of BITS Technology Group have taken out the annual Gold Coast Young Entrepreneur Technology Award for the second time in a row. The powerhouse duo won the Technology Award last year and returned again to re...

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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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Wilson makes counter bid to run Blue Sky access fund

Wilson makes counter bid to run Blue Sky access fund

Less than a week after Blue Sky Alternative Investments (ASX: BLA) reached a deal for Pinnacle Investment (ASX: PNI) to manage its alternative access fund from the start of 2019, a new contender has come on the scene. In an announcement today, the group's $177 million Blue Sky Alternative Access Fund (ASX: BAF) informed sharehold...

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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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Localsearch helping rural businesses find calm among the chaos online

Localsearch helping rural businesses find calm among the chaos online

With so many digital products available these days, business owners can easily find themselves caught up in a tangled mess. Cutting through the saturated online market is a tough slog for any company, but especially those based in rural areas. Daniel Stoten, co-founder of Localsearch, spearheaded the company's transition to digita...

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Aussie cannabis company on the verge of milestone deal with Israel

Aussie cannabis company on the verge of milestone deal with Israel

While many Aussie cannabis companies have hunted for opportunities in Canada this week, Queensland Bauxite (ASX: QBL) is doing deals in other parts of the world. Historically a mining company, Queensland Bauxite made a name for itself as one of Australia's leading medical cannabis companies through its acquisitions of Medical Cannabis...

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Roger David enters administration, to close after Christmas

Roger David enters administration, to close after Christmas

76-year old retailer Roger David has entered administration citing a failure to keep up with the evolving global retail environment. The men's clothing chain, which has 57 stores nationwide employing over 300 staff will continue to operate into the Christmas retail period but its future is bleak. The chain has appointed KordaMenth...

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Looking for a fabulous place to celebrate the Melbourne Cup?

Looking for a fabulous place to celebrate the Melbourne Cup?

With the Melbourne Cup quickly approaching, securing the perfect venue is essential. Whether you fancy trying your luck in the sweeps, enjoying a glamourous luncheon with colleagues and friends or you are simply looking for a great excuse to put on your best dresses, suits and fascinators, these venues have something to offer ev...

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Supermarkets facing a potential royal commission following drought levy milk scandal

Supermarkets facing a potential royal commission following drought levy milk scandal

After Federal Agriculture Minister David Littleproud tore into supermarkets yesterday over a "disappointing" drought levy on in-house milk, members of the government are calling for a royal commission into Australian supermarkets. In parliament yesterday, Queensland Nationals MP Lew O'Brien said there is nearly enough outcry...

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