Melbourne Articles

Creso Pharma secures $900k medicinal cannabis order

Creso Pharma secures $900k medicinal cannabis order

Mernova Medicinal Ltd, a wholly-owned subsidiary of Creso Pharma Limited (ASX:CPH), has received a US$625,000 (AUD$901,000) purchase order for its premium, cured and hand-trimmed dried medicinal cannabis flower. The order from Univo Pharmaceuticals Ltd (TLV: UNVO) is Mernova's second wholesale purchase order from Univo, after a C$775k...

Read More...
WA delays Phase 5 easing of restrictions

WA delays Phase 5 easing of restrictions

Western Australia will delay its decision to enter phase 5 on its road to recovery, pushing back plans that would have removed the current 2sqm rule and 50 per cent capacity limits at major venues on 18 July. WA Premier Mark McGowan told a press conference this new phase would now be set to start a fortnight later on 1 August, as a tentat...

Read More...
Victorian Premier urges Melburnians to use masks as new cases surge towards 300

Victorian Premier urges Melburnians to use masks as new cases surge towards 300

Victorian Premier Daniel Andrews has today called on residents in lockdown areas to wear masks if social distancing isn't possible, after a further 288 new cases of COVID-19 were reported today. The State Government is currently in the process of getting two million reusable masks made for the public, and will also provide an addition...

Read More...
International arrivals into Australia to be slashed in half

International arrivals into Australia to be slashed in half

From Monday, 4,000 fewer people will be reentering Australia each week as the Prime Minister caps international arrivals by half. In addition, those returning may have to pay for their own stays in hotel quarantine to reduce the financial burden on Australian states and territories. "Some states already have it, some states are m...

Read More...
Victorian ski season freezes over as Mt Hotham and Falls Creek resorts suspend operations

Victorian ski season freezes over as Mt Hotham and Falls Creek resorts suspend operations

COVID-19 restrictions in Victoria and border closures to the State have forced the operator of Mt Hotham and Falls Creek ski resorts to suspend operations, just over two weeks after the season commenced. Vail Resorts, the company that operates ski-lifting operations at Falls Creek and Hotham Ski Resorts says it made the tough decision to ...

Read More...
Victoria releases $534m support package with cash grants, payroll tax deferral

Victoria releases $534m support package with cash grants, payroll tax deferral

The lockdown of greater Melbourne has today led the state government to announce $534 million worth of wide-reaching support measures, including $5,000 grants to businesses that are forced to close. Around 80,000 eligible businesses with payrolls of up to $10 million will be able to defer their payroll tax liabilities for the first h...

Read More...
Cbus, Media Super enter MoU for merger

Cbus, Media Super enter MoU for merger

Consolidation looks set to continue in Australia's superannuation sector after two funds announced a merger might be in the works. Construction industry fund Cbus Super and Media Super have signed a Memorandum of Understanding (MoU) with plans to start due diligence on a conditional joint arrangement to be in operation in 2021. ...

Read More...
Australia's top 20 cannabis companies

Australia's top 20 cannabis companies

Let's not beat around the bush. The last 12 months have been nothing short of a rollercoaster ride for cannabis investors, as oversupply and quality problems in North America sent shares in the industry plunging and dragged ASX-listed stocks down with them. In this list, last year's number one Elixinol is now in 13th position. Cre...

Read More...
Premier Investments closes Melbourne stores as city enters lockdown

Premier Investments closes Melbourne stores as city enters lockdown

With metropolitan Melbourne re-entering lockdown overnight for a minimum of six weeks Premier Investments (ASX: PMV) has made the decision to close down stores. The closures will impact stores operated by Premier Investments like Just Jeans, Jay Jays, Portmans, Smiggle and more in 36 shopping centres and seven strip mall locations, but re...

Read More...
Australia welcomes Hong Kong businesses to relocate, opens doors for talent

Australia welcomes Hong Kong businesses to relocate, opens doors for talent

The Australian Government aims to attract "exceptionally talented people" and businesses from Hong Kong to relocate to our shores, along with extended permanent residency pathways for current visa holders and future applicants. An emphasis will be placed on bringing export-oriented businesses to Australia, including visa package...

Read More...
Longtable serves up healthy earnings growth

Longtable serves up healthy earnings growth

Food and dairy producer Longtable (ASX: LON) has defied the COVID-19 economic downturn to post EBITDA growth of $5.3 million in FY20. The company, which operates celebrity chef Maggie Beer's beloved food brand and dairy producers Paris Creek Farms and Saint David Dairy, says success in FY20 was driven by strong sales in May and June. ...

Read More...
Cellmid pens agreement to ramp up COVID-19 research

Cellmid pens agreement to ramp up COVID-19 research

An exclusive distribution agreement between Australian life science company Cellmid (ASX: CDY) and Immunodiagnostics Limited, Hong Kong (IMD) will beef up the company's response to the COVID-19 crisis. The deal will see Cellmid acquire commercial quantities of two essential tests for Australia and New Zealand, including for laboratory...

Read More...
Treasury Wine Estates earnings turn sour as COVID-19 hits

Treasury Wine Estates earnings turn sour as COVID-19 hits

COVID-19 has had a significant impact on Treasury Wine Estates' (ASX: TWE) earnings in FY20 across all geographies with a particularly harsh decline in the Americas. For the full year TWE, the company behind wine brands like Penfolds, 19 Crimes and Wolf Blass, expects EBITS to be between $530 million and $540 million, a decline agains...

Read More...
Victorians to be barred from entering Queensland

Victorians to be barred from entering Queensland

Queensland has joined the Northern Territory in barring Victorians from entering the state, with the ban effective from midday this Friday as the Sunshine State starts reopening its borders to the rest of Australia. The changes to state border restrictions means from noon on 10 July visitors from Victoria will no longer be able to ac...

Read More...
MGC Pharma bags vital medicinal cannabis import licence

MGC Pharma bags vital medicinal cannabis import licence

Medicinal cannabis producer and developer MGC Pharma (ASX: MXC) will see its logistics processes streamlined following the granting of a new import licence. Issued by the Australian Office of Drug Control (ODC) the import licence will enable MGC to directly import Schedule 4 (prescription only medicine) and Schedule 8 (controlled drugs) m...

Read More...
Althea starts online medicinal cannabis sales

Althea starts online medicinal cannabis sales

A web-based technology platform has long been the centrepiece of medicinal cannabis company Althea Group's (ASX: AGH) customer experience strategy, providing educational information and prescription pathways for patients and doctors alike. Now the Melbourne-based group is taking the Althea Concierge up a notch, launching online sales ...

Read More...
Loan deferrals extended by four months

Loan deferrals extended by four months

The Australian Banking Association (ABA) has announced a new phase of support to avoid a "cliff" for customers in September, with those facing hardship due to COVID-19 able to apply for loan deferral extensions of up to four months. The initiative is backed by the Australian Prudential Regulation Authority (APRA), which will giv...

Read More...
Three things government can do to save Melbourne small businesses from lockdown death

Three things government can do to save Melbourne small businesses from lockdown death

The reimposition of stage 3 restrictions on metropolitan Melbourne is, as Victorian premier Daniel Andrews says, a matter of life or death. That's also true for small businesses. A further six weeks of stay-at-home orders for the city's 5 million residents will kill off many small and medium sized businesses unless there are criti...

Read More...
Melbourne to enter lockdown from midnight tomorrow

Melbourne to enter lockdown from midnight tomorrow

All residents of metropolitan local government areas (LGAs) in Melbourne and Mitchell Shire will face Stage 3 stay-at-home restrictions as of midnight tomorrow for six weeks, as authorities scramble to prevent COVID-19 outbreaks from spiralling out of control. After recording 191 new cases today, Victorian Premier Daniel Andrews said new ...

Read More...
SA takes a tougher stance on VIC border, shuts down nightclubs

SA takes a tougher stance on VIC border, shuts down nightclubs

It has now been a week since South Australian Premier Steven Marshall announced the state's border with Victoria would not be relaxed on 20 July due to concerns over high levels of community transmission of COVID-19 in Melbourne. But today the state government is taking an even stricter approach. As of midnight tomorrow night the ...

Read More...
Ford distribution centre to be built in Merrifield, Dexus acquires site

Ford distribution centre to be built in Merrifield, Dexus acquires site

Ford Australia has announced today it will open a new automotive parts distribution centre at Merrifield Business Park in Melbourne in late 2021, joining a network of businesses including Dulux, D'Orsogna and Steritech. Developers MAB and GPC have confirmed the company signed a 10-year pre-lease for a 51,480m2 facility,...

Read More...
WA will cap international arrivals

WA will cap international arrivals

The Federal Government has reacted "favourably" to Western Australia's request to limit international flights into Perth Airport, as the state seeks to slow down the flow of arrivals and the potential burden on quarantine hotels. WA chief health officer Roger Cook (pictured) told a press conference late morning AWST the Fede...

Read More...
Afterpay to raise $800m as co-founders cash in

Afterpay to raise $800m as co-founders cash in

Buy-now pay-later (BNPL) giant Afterpay (ASX: APT) will ride significant FY20 sales growth with an $800 million capital raise. The company's founders Anthony Eisen (pictured left) and Nicholas Molnar (pictured right) have also decided to sell down 2.05 million shares each, representing 10 per cent of their respective holdings in After...

Read More...
4000 people sign up for WA COVID-19 vaccine trial, doses begin

4000 people sign up for WA COVID-19 vaccine trial, doses begin

The trial is one of just 15 worldwide that have gone beyond the pre-clinical stage. More than 4,000 people have registered for a Phase 1 COVID-19 vaccine trial in Perth, where Linear Clinical Research has already dosed 10 participants with expectations a further 140 will take part in the coming months. The clinical trial involves...

Read More...
ASIC grants Wilson permission to proceed with Keybridge takeover

ASIC grants Wilson permission to proceed with Keybridge takeover

The Australian Securities and Investment Commission (ASIC) has greenlit Wilson Asset Management's (ASX: WAM) attempt to take over Keybridge Capital (ASX: KBC) after Takeovers Panel proceedings delayed the bid. As such, WAM Active's takeover bid to acquire all KBC shares for 6.9 cents per share (a 29 per cent premium) can now go ah...

Read More...
WA Premier calls for flight cap, urges PM to withdraw support of Clive Palmer's High Court challenge

WA Premier calls for flight cap, urges PM to withdraw support of Clive Palmer's High Court challenge

Western Australian Premier Mark McGowan has formally requested a cap on international arrivals into Perth Airport of one flight every three days, after the state reported three new cases of COVID-19 from return travellers overnight. McGowan said the flow of arrivals needed to be slowed down so quarantine could be managed to the highest po...

Read More...
COVID case forced Woolworths delivery centre to close

COVID case forced Woolworths delivery centre to close

A Woolworths (ASX: WOW) customer fulfilment centre (CFC) that services online orders in Melbourne was shut down over the weekend after a team member tested positive for COVID-19. Woolworths first became aware of the team member's positive test on Saturday. That team member last worked at the West Footscray CFC on 1 July. The centr...

Read More...
Virgin Australia bondholders cry foul over Bain Capital takeover

Virgin Australia bondholders cry foul over Bain Capital takeover

Two large unsecured creditors of Virgin Australia (ASX: VAH) have called on the Takeovers Panel to intervene in the acquisition of the airline from US-based Bain Capital, describing the sale process undertaken by Deloitte as "unacceptable". Bondholders Broad Peak Investment Advisers and Tor Investment Management, from Singa...

Read More...
NSW to close borders to VIC as COVID-19 crisis worsens

NSW to close borders to VIC as COVID-19 crisis worsens

New South Wales will close its border to Victoria from 11:59pm tomorrow following talks between VIC Premier Daniel Andrews, NSW Premier Gladys Berejiklian and Prime Minister Scott Morrison. The measure comes as Victoria has reported 127 new cases of COVID-19 today, taking the number of active cases in the state to 645. 34 of the new C...

Read More...
Trio of neighbouring properties in West Melbourne sold for $60m

Trio of neighbouring properties in West Melbourne sold for $60m

The sale of a West Melbourne office asset is the third in a trio of neighbouring properties to be sold by CBRE, signalling the ongoing confidence in Melbourne's commercial property market. The 383 Spencer Street property is the last of three neighbouring properties sold to high-profile owners and takes the total sales tally to approxi...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter