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Gold Coast Business News

Aussie company to lead WeChat expansion in South East Asia

Aussie company to lead WeChat expansion in South East Asia

You simply cannot do business in China nowadays without a WeChat account. Owned by Tencent Group, the social media platform and its associated WeChat Pay service are ubiquitous in China with rapid expansion internationally too. So how then did a Sydney-based company score a lucrative deal to expand WeChat Pay in South East Asia? We catch...

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How you can harness 'instability' to advance your career

How you can harness 'instability' to advance your career

Although it may have been a touch dramatic, Albert Einstein hit the nail on the head when he said, "once you stop learning, you start dying". In a fast-paced business landscape defined almost entirely by uncertainty and emerging technologies, learning new skills is virtually inseparable from success. According to innovation ...

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Premier Investments bucks retail slump with record sales

Premier Investments bucks retail slump with record sales

Premier Investments (ASX: PMV) notched outstanding retail sales results in FY18 with a solid contribution from online, but a revaluation of one of its brands ultimately drove profits southward. Taking stock of an increasingly competitive apparel retail sector in Australia and New Zealand, an impairment expense of $30 million for Just...

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Consortium breaks milestone on 9,200km international fibre cable project

Consortium breaks milestone on 9,200km international fibre cable project

The consortium behind an ambitious construction of 9,200km worth of undersea fibre network between Perth and Singapore has today reached its first major milestone. Earlier this year, SubPartners, AARNet, Google, Indosat Ooredoo, Singtel and Telstra joined forces on the INDIGO project, a subsea cable network which has today celebrated the ...

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Unlocking "unprofitable beasts" and why they need more patient capital

Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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The Agency set to acquire Top Level on $13.4m capital raising

The Agency set to acquire Top Level on $13.4m capital raising

The Agency Group (ASX: AU1) is going ahead with its acquisition of Top Level Real Estate, after securing $13.4 million in new equity. The Agency emerged from a trading halt this morning to announce that it will acquire the fast-growing Sydney firm upon raising $8.4 million from a share placement and $5 million from converting Top Level...

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Gold Coast Convention and Exhibition Centre to celebrate Melbourne Cup in style

Gold Coast Convention and Exhibition Centre to celebrate Melbourne Cup in style

Punters will kick off race day with a glass of moet or chandon on arrival at the Gold Coast Convention Center, followed by a four-course luncheon and beverage package. Cup day will be hosted by Charli Robinson with live entertainment by Funk N stuff sure to get guests on their feet. Race sweeps will support the Gold Coast Hospital Fou...

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Aged care providers tank in wake of royal commission announcement

Aged care providers tank in wake of royal commission announcement

After Prime Minister Scott Morrison announced a royal commission into Australia's aged care system the preeminent providers of the service on the ASX saw their shares take a tumble. At 12.20pm AEST Aveo is down 4.28 per cent to $2.16, Estia is down 18.3 per cent to $2.41 per share, Japara is down 14 per cent to $1.44, and Regis Health...

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ANTG forms partnership to export Aussie cannabis to Germany

ANTG forms partnership to export Aussie cannabis to Germany

As the global cannabis market continues to expand at a serious pace, Aussie cannabis companies are reaching out globally to form a powerhouse export market. Australian Natural Therapeutics Group (ANTG)  has recently announced a partnership that will allow it to export its cannabis for German patients. In partnership with Cannamed...

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ASIC to take second bite of the pie in ANZ cartel scandal

ASIC to take second bite of the pie in ANZ cartel scandal

Back in June, ANZ, Citigroup, and Deutsche Bank got caught up in a widely publicised scandal relating to alleged criminal cartel charges. The Australian Securities and Investments Commission laid charges against the banks and several senior personnel from each of the financial institutions. Today, ASIC has once again gone after ANZ fo...

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Confidence in crisis: Overcoming collateral damage after strawberry needle disaster

Confidence in crisis: Overcoming collateral damage after strawberry needle disaster

The Scurr family and their company Piñata Farms have invested substantial sums to develop some of Australia's most advanced strawberry operations, including high-tech hydroponic substrate farming, new varieties and even metal detectors in the packhouse. But the latter was done to avoid stray rocks or jewellery, not needles like...

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CBDRobina's medical precinct continues growth with healthy $2.9m sale

CBDRobina's medical precinct continues growth with healthy $2.9m sale

M-Space QLD has purchased a 2,621sqm site from Robina Group with plans to deliver a new office and medical facility in CBDRobina. The building, to be called Vicinity Robina, is due to be completed in the second quarter of 2020. Located at 18 Campus Crescent, the site will offer 3,037sqm of net lettable area over three floors with inte...

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Crowdfunding reforms bolster investment pool for Aussie businesses

Crowdfunding reforms bolster investment pool for Aussie businesses

"It's almost creating Shark Tank for the public, or be your own Shark Tank, which is phenomenal from an innovation perspective in Australia," says Crowdfunding.com.au founder Chaz Prezident (pictured). Private Australian businesses will soon no longer need to become public companies if they want to access crowdfunding to rai...

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Tammy Hembrow's Saski Collection impresses at New York Fashion Week

Tammy Hembrow's Saski Collection impresses at New York Fashion Week

Her athleisure brand has only been around for just over a year, but already Tammy Hembrow is wowing crowds at New York Fashion Week. As the premier destination for fashion designers of all stripes and backgrounds, securing a runway at New York Fashion Week is a covetable moment. Hembrow showed her latest collection alongside other Aus...

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Why emotions are the secret weapon for successful leadership

Why emotions are the secret weapon for successful leadership

In business there is a saying- 'it's more important to think with your head than your heart'.

But, as modern research shows, this statement couldn't be further from the truth.

Professor Neal Ashkanasy of The University of Queensland Business School has built an academic career in the field of organisational beha...

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The paradox of choice. Why made-to-order might not solve the fashion industry's problems

The paradox of choice. Why made-to-order might not solve the fashion industry's problems

How could you go from winning awards for "Store Design of The Year" and "Best Shoe Ever" to selling nothing? In 2009 the Australian startup Shoes of Prey set out to make exactly the shoes its customers wanted. Customers could pick the designs, sizes and exact specifications, and Shoes of Prey would deliver exactly what...

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National Vet Care buys NZ group for $23m

National Vet Care buys NZ group for $23m

National Veterinary Care (ASX: NVL) may need to consider a name change as it grooms an international business through the acquisition of Pet Doctors Group in New Zealand. After a trading halt on Monday and an oversubscribed placement offer that raised $18 million yesterday, the Gold Coast-based group today announced it would be purchasing...

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Step down or face shareholder revolt, Solomon Lew urges Myer chairman

Step down or face shareholder revolt, Solomon Lew urges Myer chairman

Myer's (ASX: MYR) leading shareholder has demanded chairman Garry Hounsell "step down immediately" after the retailer reported a net loss in FY18 that is almost $130 million larger than its market capitalisation. Premier Investments Limited has been consistently railing against the Myer board's decisions over the past ye...

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Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Controversial radio star Alan Jones has failed to defend the defamatory claims he made surrounding the 2011 Grantham floods, resulting in Australia's largest ever defamation payout of $3.75 million in damages. The Sydney shock jock and broadcaster for 2GB and 4BC radio was found to have defamed the Wagner family over 27 broadcasts mad...

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Another "disappointing" result for Myer as profits slide

Another "disappointing" result for Myer as profits slide

"These results are obviously disappointing and shareholders deserve better," says Myer CEO John King. One of Australia's biggest retail brands has reported a 52 per cent plunge in profit for a financial year marked by shareholder indignation at a disappointing discount program that failed to deliver results. The bottom l...

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Top 25 Australian startups revealed

Top 25 Australian startups revealed

With a wealth of data at their fingertips, LinkedIn has released its list of "the most sought after startups in Australia", and it's certainly a prestigious list. To be eligible for for the list, compnaies must be seven years old or younger, have at least 50 employees, and be privately held and headquatered in Australia. ...

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AusCann lists on US stock exchange to boost international operations

AusCann lists on US stock exchange to boost international operations

One of Australia's leading listed cannabis companies has jumped across the Pacific to list on one of America's leading stock exchanges. AusCann Group (ASX: AC8) has commenced trading on the US OTCQX Market under the stock symbol ACNNF. The OTCQX is an investor-focused US market featuring US and global companies. To qualify for...

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Gold Coast Convention and Exhibition Centre earns world first 'green' award

Gold Coast Convention and Exhibition Centre earns world first 'green' award

The Gold Coast Convention and Exhibition Centre (GCCEC) is a leader in environmental and social sustainability in the Convention Centre space. The centre's credentials are so impressive that it has just been awarded EarthCheck's coveted Platinum Certificate along with the Adelaide Convention Centre the first Convention Centres in ...

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Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon is launching a full-on assault on Australia's financial institutions in a campaign to secure more than one billion dollars in super from the banks. Their campaign is called Get Your Super Back and it is shaping up to be an intensive, lengthy, and expensive battle. "Slater and Gordon will take on the banks on...

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Personal best for Gold Coast Marathon with record-breaking year

Personal best for Gold Coast Marathon with record-breaking year

The 2018 Gold Coast Marathon was one of the biggest to date, with the event breaking a number of records. The event, held on the 1st July 2018, generated a personal best of $28.5 million and more than 100,000 visitor nights for the Queensland economy. More than 27,000 people participated in the event, including more than 6,500 in the ...

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Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

It has now been almost three years since vitamins company Swisse Wellness was sold for $1.67 billion to a Hong Kong company, giving entrepreneur Radek Sali a healthy supplement of around $250 million from the sale. It's enough money to make time the Australian businessman's most precious asset as he looks for new opportunities thr...

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Game over for Emanuel Exports subsidiary

Game over for Emanuel Exports subsidiary

Within weeks of Perth-based livestock shipper Emanuel Exports losing its licence following outrage over animal cruelty on the Awassi Express voyage, its subsidiary EMS Rural Exports has now been dealt a similar blow. In a release published yesterday, the Department of Agriculture and Water Resources (DAWR) described EMS' cancella...

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Yellow Brick Road rejects takeover, talks up bidding war

Yellow Brick Road rejects takeover, talks up bidding war

Financial services group Yellow Brick Road (ASX:YBR) has urged shareholders to reject a $25.4 million takeover bid by corporate raider Sir Ron Brierley, while indicating that a potential bidding war could be on the horizon for the company. In a letter to shareholders, the Mark Bouris-led group argues that the offer from Mercantile Investm...

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Zelda secures partnership to crack the German medicinal cannabis market

Zelda secures partnership to crack the German medicinal cannabis market

With the medicinal cannabis movement expanding globally, Australian pharmaceutical group Zelda Therapeutics (ASX: ZLD) are riding the wave not just at home but abroad too. On Tuesday, the company announced a partnership with German medicinal cannabis company HAPA Medical that provides HAPA with first rights to distribute and manufacture Z...

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CannPal steps up testing of cannabis drug for pets

CannPal steps up testing of cannabis drug for pets

After successfully testing its cannabis-derived pain formulation on a group of Beagles and Foxhounds, CannPal Animal Therapeutics (ASX:CP1) has begun a new phase of its study into determining safe dosages for pets. CannPal declared the Phase 1A pharmacokinetic and safety study for the CPAT-01D formula a success after testing of 11 dogs sh...

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