Melbourne Articles

Offshore buyers may fill the void as BP dumps bid for Woolies petrol

Offshore buyers may fill the void as BP dumps bid for Woolies petrol

The national retail petrol market could open up to new competition after BP Australia pulled out of an ambitious $1.8 billion plan to buy Woolworths' retail fuel network.

At least three international parties have been rumoured to be in the running for the acquisition, namely private equity group Kohlberg Kravis Roberts, Canadian retail fu...

Read More...
Court approves history-making settlement between Comm Bank and AUSTRAC

Court approves history-making settlement between Comm Bank and AUSTRAC

The Federal Court has today approved settlement between Commonwealth Bank (ASX: CBA) and the Australia Transaction Reports and Analysis Centre (AUSTRAC) over the anti-money laundering case which was brought against the financial services giant in August last year. CBA agreed in early June 2018 that it would pay $700 million in civil penal...

Read More...
Satellite company Kleos Space set to launch

Satellite company Kleos Space set to launch

A highly successful seed-funding round in Australia earlier this year prompted Luxembourg-based tech company Kleos Space to seek a listing on the ASX, but according to chairman Peter Round this is no start-up venture. "Technically we're a start-up because of the timing of when the company began, but we're not a start-up in te...

Read More...
Cannabis companies hit new high with fresh capital

Cannabis companies hit new high with fresh capital

Two of Australia's leading listed cannabis players have raised millions in funds to boost their businesses in Australia and overseas. Botanix Pharmaceuticals (ASX: BOT), a medical dermatology company combatting serious skin diseases with cannabis-based products, has successfully completed an oversubscribed placement to raise $8 millio...

Read More...
Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Registrations are now open for three exclusive Australian workshops facilitated by one of the world's most experienced sales coaches. Jack Daly's Winning Sales Strategies Driving Sales and Boosting Profits, presented by The Growth Faculty, focuses on sales and sales management techniques. One full-day workshop in each of Melbourne...

Read More...
Dreamscape makes fourth acquisition in 16 months for $8.5m

Dreamscape makes fourth acquisition in 16 months for $8.5m

Dreamscape Networks Limited (ASX: DN8) has acquired Domain Name Registrar (DNR) for $8.5 million, its fourth acquisition in the past 16 months. The acquisition is part of Dreamscape's "bolt on" strategy, as Dreamscape continues to consolidate local domain and hosting businesses under the Dreamscape Networks' umbrella. D...

Read More...
Kidnapping phone scam targets Chinese students in Australia

Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and extortion via fake kidnappings. Having already caused victims $1.15 million worth of losses, the perpetrators appear to be targeting Chinese Australians nationwide. The terrifying scam comes in two forms but mostly threatens C...

Read More...
Matt Blatt co-founder Deborah Drexler on the best risks her company ever took

Matt Blatt co-founder Deborah Drexler on the best risks her company ever took

Matt Blatt: the name on the lips of every interior designer from Cairns to Hobart. Over the last decade, Matt Blatt has gone from a humble store on eBay to one of the coolest retailers in the country. Co-founder of Matt Blatt, Deborah Drexler, has certainly learnt a thing or two about how to succeed in the Australian market in her years b...

Read More...
ASIC launches legal proceedings against former Quintis managing director

ASIC launches legal proceedings against former Quintis managing director

Now defunct and previously ASX listed company Quintis is back in the firing line after ASIC announced it has launched legal proceedings against former Quintis managing director Frank Wilson. The corporate watchdog will allege that Wilson failed to discharge his duties as a director in 2017. The proceedings allege Wilson failed to disc...

Read More...
Australian and Chinese entrepreneurs join forces to disrupt the blockchain market

Australian and Chinese entrepreneurs join forces to disrupt the blockchain market

Blockchain, the original and leading tech structure which is behind crypto mainstay Bitcoin, has met its match in a newer and simpler tech platform created in collaboration between Australian and Chinese entrepreneurs. Australian based TrustNote Foundation and Chinese entrepreneurs from the Achain Foundation have teamed up to created Trus...

Read More...
Bubs enters into trading halt ahead of capital raising announcement

Bubs enters into trading halt ahead of capital raising announcement

After last week's news that Bubs Australia (ASX: BUB) is making a significant push into the Chinese market the company has entered into a trading halt on Thursday morning. The company says the trading halt has been requested pending an announcement by Bubs in relation to a capital raising. Last Friday the Australian infant milk fo...

Read More...
Kogan shares plunge after sell off rumours ring true

Kogan shares plunge after sell off rumours ring true

Shares in online retailer Kogan.com (ASX: KGN) have slumped 25 per cent after rumours came true that founder Ruslan Kogan and his chief financial officer were set to offload a large piece of the company. Kogan and CFO David Shafer sold $42 million worth of KGN shares, believed to be six million shares at $7.00 each, and that they had &quo...

Read More...
Underwater drone maker scores landmark deal with US Navy

Underwater drone maker scores landmark deal with US Navy

ASX-listed underwater drone manufacturer Aquabotix (ASX: UUV) has entered into an agreement with a major United States defence division which could help change the face of modern naval warfare. Aquabotix signed the cooperative research and development agreement with the US Naval Undersea Warfare Center to test its SwarmDiver product at th...

Read More...
Creso Pharma scores licence to grow cannabis in Colombia

Creso Pharma scores licence to grow cannabis in Colombia

A subsidiary of Australian cannabis company Creso Pharma (ASX: CPH) has been granted a pivotal licence to grow medicinal cannabis in Colombia. Creso, through Kunna Canada, has been granted a licence to cultivate medicinal cannabis in Colombia, following the receipt of licenses required to produce, manufacture, market and export cannabis d...

Read More...
Godfreys flags cash flow problems as takeover looms

Godfreys flags cash flow problems as takeover looms

Vacuum sales specialist Godfreys (ASX: GFY) has flagged potential cash flow challenges as Arcade Finance comes closer to acquiring the company. On Wednesday night the listed company announced to the ASX that it is in the process of reviewing cash flow numbers, but the future looks bleak. The groups says it expects to reveal cash flow ...

Read More...
AusCann joint venture completes second cannabis harvest in Chile

AusCann joint venture completes second cannabis harvest in Chile

Listed medicinal cannabis company AusCann (ASX: AC8) has completed its second harvest with DayaCann joint venture partner Fundación Daya in Chile. The second harvest proved to be even more fruitful than the first, yielding 620kg of dried cannabis product, an increase of over 50 per cent on the 400kg yielded in the first harvest. ...

Read More...
Why AI could be an entrepreneur's best investment

Why AI could be an entrepreneur's best investment

It's easy to be swayed by doom and gloom headlines questioning whether artificial intelligence (AI) will soon replace certain human jobs for good, or, more outlandishly, become a sentient cause for concern. Thanks Terminator. Realistically however, entrepreneurs and professionals in the IT space agree that AI has inspired some of the ...

Read More...
Slater and Gordon becomes fourth law firm to take on AMP in class action

Slater and Gordon becomes fourth law firm to take on AMP in class action

AMP (ASX: AMP) has been hit with a fourth shareholder class action, this time by Slater and Gordon. Slater and Gordon says it has filed proceedings against the wealth management business in the Federal Court of Australia, adding that it will act on a no-win, no-fee basis. The class action relates to the controversy that arose during t...

Read More...
Charter Hall to buy Victorian shopping centre for $117 million

Charter Hall to buy Victorian shopping centre for $117 million

Charter Hall Retail REIT (ASX: CQR) has teamed up with Charter Hall Prime Retail Fund to form a new joint venture to acquire a prominent Victorian shopping centre. The joint venture will allow Charter Hall to enter an unconditional contract to acquire buy Gateway Plaza in Leopold for a total consideration of $117 million. Charter Hall...

Read More...
Vicinity to sell $1bn of assets to enhance portfolio

Vicinity to sell $1bn of assets to enhance portfolio

Listed property developer Vicinity Centres (ASX: VCX) will sell off $1 billion of its assets to reinvest the money in more value-accretive opportunities. The group will sell off sub regional and neighbourhood centres to focus on new investments which it calls "destinations" and "entertainment experiences". Grant Ke...

Read More...
CBA settles anti-money laundering case for $700m

CBA settles anti-money laundering case for $700m

Commonwealth Bank has agreed to pay $700 million to the anti-money laundering regulator after it admitted to breaching the law on more than 50,000 separate occasions. CBA settled its anti-money laundering and counter-terrorism case brought by AUSTRAC and also agreed to pay $2.5 million in legal fees although the agreement still needs Fede...

Read More...
MYOB ditches Reckon acquisition plans to focus on growth

MYOB ditches Reckon acquisition plans to focus on growth

Business management solution provider MYOB has announced it will no longer pursue the acquisition of Reckon to instead focus on its planned investment strategy. Citing significant delays, the result of extensive regulatory requirements, MYOB has announced it will terminate the acquisition of Reckon's Accountant Group assets. MYOB ...

Read More...
Wearable tech company expands into major Japanese retail stores

Wearable tech company expands into major Japanese retail stores

Listed tech company Nuheara Limited (ASX: NUH) has announced the launch of its products in major Japanese consumer electronic stores. At an exclusive media event held in Tokyo, Japan, Nuheara announced its IQbuds and IQbuds BOOST products will be sold in most major electronics stores in Japan. The company signed an agreement with Valu...

Read More...
Former Domain CEO Antony Catalano secures new role at Tomorrow Agency

Former Domain CEO Antony Catalano secures new role at Tomorrow Agency

After resigning from Domain just two months after it listed on the ASX, Antony Catalano has secured a new leadership position at Domain's biggest client. Catalano quit as CEO of Domain in January, saying that the role would inhibit time spent with the family including his eight children. Catalano was criticised for departing Domai...

Read More...
NaturesCoin is set to be one of the first digital economies with a real purpose

NaturesCoin is set to be one of the first digital economies with a real purpose

One of the main criticisms of popular cryptocurrencies is that they lack context and don't have any real world applications. Bitcoin is undoubtedly the most well-known and widely circulated digital coin on the market, however its uptake as an investment, rather than just a flat currency, hasn't entirely caught on. NaturesCoin,...

Read More...
Kogan caught in a lawsuit after allegedly infringing on rival's trademark

Kogan caught in a lawsuit after allegedly infringing on rival's trademark

Two of Australia's leading e-tailers have taken their dispute to the courts, with Catch Group suing major competitor Kogan (ASX: KGN) over trademark infringement. As reported by Lawyerly, Catch Group has alleged that Kogan violated its "catch" trademarks and consumer law through its sponsored links on Google which used the w...

Read More...
Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security has been ordered to refund 320 West Australian customers after it charged for security patrols that were not provided. Wilson was found to have breached Australian Consumer Law and was ordered to pay a total refund bill of $740,000. The company was contracted to provide internal premise security patrols for 320 co...

Read More...
From phonebooks to Google's front page: how Localsearch thrived in the digital era

From phonebooks to Google's front page: how Localsearch thrived in the digital era

For years, online marketers have warned "change is imminent" as mobile becomes dominant, taking over traditional advertising platforms like desktop searches and print media. On the other hand, Daniel Stoten of Localsearch says the tipping point has already come. Localsearch began as a phonebook publisher to help connect the ...

Read More...
Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

She's a former backpacker who once worked on David Bowie's yacht and if you went back in time to before 2000 and asked Janine Allis whether she'd one day be in charge of a multi-million dollar international business and the young Janine would have probably told you to lay off the alternative substances. The Boost Juice founder...

Read More...
eBay takes on Australian retailers and Amazon with unlimited delivery plan

eBay takes on Australian retailers and Amazon with unlimited delivery plan

Online retail behemoth eBay is set take on rival Amazon with a new shopping membership program for Australian online shoppers. The arrival of eBay Plus is also expected to provide further upheaval for Australia's struggling "bricks and mortar" retailers with shoppers to be given unlimited  deliveries and returns on new ...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter