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Gold Coast Business News

Mantra set to delist from ASX as Federal Court approves takeover

Mantra set to delist from ASX as Federal Court approves takeover

Mantra Group's (ASX: MTR) proposed takeover by French accommodation giant Accor has been given the green light by the Federal Court and its shares have been suspended, effectively ending the company's "life" as an ASX-listed company. The Federal Court orders have been lodged with the Australian Securities and Investments...

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Easter bigger than games for Gold Coast Airport

Easter bigger than games for Gold Coast Airport

EASTER appears to have been a bigger tourism event for Gold Coast Airport than the Commonwealth Games if the latest passenger numbers are any guide.

Just under 11,000 extra passenger numbers were recorded by the airport over April, representing a 1.9 per cent increase compared to a year ago.
This is despite the rush of visitors expected into...

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Optus fined for misleading customers over NBN

Optus fined for misleading customers over NBN

Optus has been slapped with a $1.5 million fine by the Federal Court for making misleading statements to its customers regarding their transition to the NBN. The telco was ordered to pay up after it told 14,000 customers, between the dates of October 15 and March 17, that their services would be disconnected if they didn't move to the...

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Toys 'R' Us demise sparks industry shakeup

Toys 'R' Us demise sparks industry shakeup

Toys 'R' Us has fallen into voluntary administration and it could herald major changes to the international toy industry. Following the demise of the chain both in Australia and overseas, analysts say a merger boom is on the cards as smaller toy manufacturers aim to recoup their presence in the market. Smaller toy makers who t...

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Localsearch earns its stripes as Google Premier Partner

Localsearch earns its stripes as Google Premier Partner

Daniel Stoten, CEO of Localsearch, believes that when it comes to running an online business, change isn't the enemy. Localsearch is an online hub which has been connecting businesses and people throughout regional Australia for almost 25 years. During that time Stoten (pictured) has been on the front lines, building the Localsear...

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"Myer is in peril" declares Solomon Lew in heated letter to shareholders

"Myer is in peril" declares Solomon Lew in heated letter to shareholders

Solomon Lew has slammed Myer (ASX: MYR) and its executives in an acrimonious letter to shareholders, warning that the company is on the cusp of a devastating net loss at the full year. As chair of Premier Investments, Myer's biggest shareholder, Lew made his outrage clear at executive chairman Garry Hounsell's announcement earlier...

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NYC venture capitalist on what's really killing Aussie startups

NYC venture capitalist on what's really killing Aussie startups

As technology continues to scale and artificial intelligence (AI) becomes smarter and more autonomous, the question on everyone's lips is 'will AI ever run me out of business?' Jacqueline Garavente doesn't think so. As a prominent venture capitalist at Union Square Ventures (USV) in New York, Garavente knows more about...

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How technology is turning 'crappy' businesses into gold

How technology is turning 'crappy' businesses into gold

VENTURE capitalists may have previously considered them 'crappy' businesses not worth a second look, but according to Silicon Valley's sharpest investor Steve Jurvetson the technological revolution is changing that. Jurvetson, the co-founder of the $US6 billion venture capital group Draper Fisher Jurvetson and board member of ...

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Mumbrella360 to feature Fearless Girl, Microsoft, News Corp leaders and more

Mumbrella360 to feature Fearless Girl, Microsoft, News Corp leaders and more

The full program for Australia's largest media and marketing conference, Mumbrella360, has been revealed, featuring a stellar lineup of guests. The conference is set to showcase high profile leaders including the brand behind the globally acclaimed 'Fearless Girl', one of Microsoft's leading search and AI experts as well a...

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Entrepreneurial millennials rate Australia low on startup ecosystem

Entrepreneurial millennials rate Australia low on startup ecosystem

Entrepreneurial millennials around the world do not rate Australian cities as being the right places to begin a startup with only Sydney sneaking into the top 20 of a major survey. Not surprisingly, San Francisco and New York City were rated the top two cities for entrepreneurial millennials based on their business ecosystem while Kuala L...

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Gold Coast entrepreneurs create their own super-fast broadband network

Gold Coast entrepreneurs create their own super-fast broadband network

Three Gold Coast tech entrepreneurs have turned Australia's telecommunications landscape on its head by creating their own broadband network that offers speeds up to 10 times faster than the NBN. The founders of AFT Communications Adam Hargraves, Fernando Piozzi and Trevor Coleman have already helped hundreds of residents and struggli...

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The five keys to a better customer service strategy

The five keys to a better customer service strategy

In the world of business, it is not so much what you offer that counts but how you offer it. The way you satisfy your customers is what turns them into repeat buyers who deliver positive word-of-mouth messages about your brand to other people. Customer satisfaction has the potential to boost your bottom line and impact your ultimate s...

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Liberal MPs to pursue a bill to phase out live export trade

Liberal MPs to pursue a bill to phase out live export trade

Liberal MP Sussan Ley has proposed a private members bill to phase out the cruel live export trade despite the Turnbull government's position on the matter. Whilst Labor wants to see the practice banned, the party's leader, Bill Shorten, is yet to decide if Labor will support Ley's bill. However, as Fairfax Media reports, ...

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Google, Tesla, PayPal entrepreneurs to shed light on the Gold Coast's future

Google, Tesla, PayPal entrepreneurs to shed light on the Gold Coast's future

Entrepreneurs and tech experts behind the likes of Google, Tesla, PayPal and Apple are coming to the Gold Coast and will be sharing key insights as part of the landmark Gold Coast Way Ahead event to take place on 15 May. Gold Coast Way Ahead, run in collaboration with innovation festival Myriad, will feature keynote speakers including Spa...

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MGC Pharma launches new cannabidiol skincare product

MGC Pharma launches new cannabidiol skincare product

Listed cannabis company MGC Pharma (ASX: MXC) has launched a new cannabis infused skincare product through its subsidiary MGC Derma. Called CBD Herbal Replenish Cream, the product is specifically developed for external skin care and relief from inflammatory skin conditions. The new cream is the second skincare product launched th...

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Steve Baxter looking to sell River City Labs, according to reports

Steve Baxter looking to sell River City Labs, according to reports

Queensland's chief entrepreneur and 'Shark Tank' star Steve Baxter is reportedly looking to sell River City Labs, the Brisbane startup hub which he founded seven years ago. It's believed the reason behind the sale is not a financial one and that he believes River City Labs, which mentors young entrepreneurs in a co-working...

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Twitter passwords compromised following system glitch

Twitter passwords compromised following system glitch

Twitter has warned its users to update their passwords on the social media site following a system bug which has compromised users' passwords. Usually when setting a password on Twitter, the entry is stored via technology which masks it so that it can't be seen by company staff. Twitter's Chief Technology Officer Parag Agr...

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Esprit to exit the Australian market, closing 67 outlets

Esprit to exit the Australian market, closing 67 outlets

American fashion retailer Esprit is set to exit the Australian and New Zealand market by the end of the year.  After failing to turn around its loss-making operations, the retailer which is based in Germany and Hong Kong will close its 67 stores in the ANZ region. The group, which has been operating in Australia since the 1980s, ...

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Zelda Therapeutics makes significant progress in medicinal cannabis research programs

Zelda Therapeutics makes significant progress in medicinal cannabis research programs

Listed medicinal cannabis company Zelda Therapeutics (ASX: ZLD) has made progress in a number of key research programs during the March 2018 financial quarter. Zelda recently received approval for a major study into the pharmacology of cannabinoids in the treatment of paediatric autism patients. The study is set to be conducted at the...

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Business News Australia doubles its readership with big gains in Melbourne and Sydney

Business News Australia doubles its readership with big gains in Melbourne and Sydney

Business News Australia has confirmed it is the fastest growing independent business news website, by more than doubling its unique visitors and total page views over the past year. The total number of unique visitors to www.businessnewsaus.com.au rose to 55,600 for the month of April, which is up by 108 per cent from the previous year. ...

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ACCC: Airport "monopolies" are forcing up the price of air travel

ACCC: Airport "monopolies" are forcing up the price of air travel

Australian travellers are being slugged higher ticket prices for air travel thanks to what has been described as monopolistic behaviour from airports. The Australian Competition and Consumer Commission (ACCC) says passengers are paying higher ticket prices as a direct result of a rise in profits per passenger at each of the country's ...

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Serial restaurateur parts with iconic Justin Lane business

Serial restaurateur parts with iconic Justin Lane business

The entrepreneur behind Justin Lane, one of the most recognisable and popular venues on the Gold Coast, has sold the business after seven years. Adam Haralampou (pictured right) has owned and operated several of the Gold Coast's hottest venues including The Cavern, Mr Bengel and Harry's Steak Bistro and Bar. Justin Lane, howev...

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AMP faces class action over Royal Commission scandal

AMP faces class action over Royal Commission scandal

Less than a week after the resignation of its CEO Craig Meller, AMP is facing a potential class action lawsuit from Quinn Emanuel Urquhart & Sullivan (QE) on behalf of aggrieved shareholders. QE announced that it will investigate a class action against the financial services giant which has admitted to lying to its customers and regul...

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The biggest mistakes an entrepreneur can make, and how to avoid them

The biggest mistakes an entrepreneur can make, and how to avoid them

I am often asked by entrepreneurs, "how much profit should my business be making?" My answer is always the same: It depends. It depends because I don't know how much money is invested in the business in the first place. The amount of capital invested has a significant influence on how much profit is enough. Unfortunatel...

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Creso to launch cannabis infused beer and tonics line

Creso to launch cannabis infused beer and tonics line

Australian-Swiss cannabis company Creso Pharma (ASX: CPH) has announced its new line of cannabis infused beers and tonics is in production. The beverages are being developed through Creso's joint venture partners Baltic Beer Company and LGC Capital. The drinks, which are currently brewing in Creso's newly built European facili...

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Business News Australia joins the Vinnies CEO Sleepout

Business News Australia joins the Vinnies CEO Sleepout

For more than a decade Vinnies has run the annual CEO Sleepout, a national campaign to fight the issue of homelessness. Each year on the longest night of winter, many of the nation's top executives sleep out on the concrete to raise much needed funds for Aussies who desperately need it. For participants, it is one night of discomf...

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State Government proposes another extension to the Gold Coast light rail

State Government proposes another extension to the Gold Coast light rail

With the Commonwealth Games done and dusted, the Queensland State Government is considering extending the G:Link light rail system again. The next stage, "stage three", will be considered by the government in early 2019. The preferred extension runs approximately seven kilometres down the centre of the Gold Coast Highway bet...

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The height of luxury: from a private jet to your superyacht holiday

The height of luxury: from a private jet to your superyacht holiday

A quick question for all the luxury holiday-chasers out there; what could you possibly do to improve upon a superyacht charter escape exploring the far-flung islands of some exotic destination? Well. Get there by private jet, of course! If there's one way to push the boundaries of opulence on any holiday, it's travelling via p...

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Village Roadshow slashes guidance on competition from Commonwealth Games

Village Roadshow slashes guidance on competition from Commonwealth Games

Shares in theme park operator Village Roadshow (ASX: VRL) have hit their lowest level in six years as it reported weak visitor numbers because of competition from the Gold Coast Commonwealth Games. The company released a trading update for the nine months to March 31 and also blamed wet weather in March for the drop in visitors as it down...

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The secret to reaching business savvy millennials

The secret to reaching business savvy millennials

For the past decade, Business News Australia has unearthed the country's most inspiring young business people, shared their successes as well as the challenges they've faced along the way. We have created content that is both enriching and easily consumable for the highly sought after millennial market. Our news continues to a...

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