Huxley School of Makeup lays foundation for success with "first of its kind" TAFE deal

Huxley School of Makeup lays foundation for success with "first of its kind" TAFE deal

After the milestone of managing makeup for 7,000 people at the Commonwealth Games this year, Gold Coast entrepreneur Michael Huxley is stepping up to the podium with confidence after a big win with TAFE Queensland. He says the Huxley School of Makeup is now "future proofing" the business through an official partnership with Tafe...

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Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Affinity Equity Partners, a large Asian private equity firm, is set to acquire Scottish Pacific Group (ASX: SCO) for $630 million. The deal, to be approved by shareholders, will see Affinity purchase 100 per cent of SCO's shares for $4.40 per share representing a premium of 17.6 per cent. Established in 2004, Affinity is one of th...

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Melbourne medicinal cannabis company debuts on the ASX with $19.65m IPO

Melbourne medicinal cannabis company debuts on the ASX with $19.65m IPO

There's certainly no shortage of medicinal cannabis stocks to invest in on the ASX, and with today's listing of Althea (ASX: AGH) we're certainly spoilt for choice. The Melbourne-based medicinal cannabis company launched on the ASX on Friday morning after a hugely successful and heavily oversubscribed IPO of $19.65 million. ...

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Health issues force Michael Hill CEO to resign

Health issues force Michael Hill CEO to resign

Less than eight months into the job the CEO of jeweller Michael Hill (ASXL MJH) Phil Taylor (pictured top) has resigned. Citing the diagnosis of a "health issue", Taylor will step down to focus on his treatment and recovery. In his place is Daniel Bracken (pictured right), the now former CEO of Specialty Fashion Group (ASX: ...

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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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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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TPG beats guidance despite NBN rollout 'eroding' profit

TPG beats guidance despite NBN rollout 'eroding' profit

Internet and mobile phone service provider TPG Telecom (ASX: TPM) saw its margins decline in FY18 as broadband subscribers moved to NBN bundles, pushing net profit after tax (NPAT) down 4 per cent to $396.9 million. However, underlying NPAT rose 3.6 per cent to $432.6 million and EBITDA ended up $41 million higher than FY18 forecasts made...

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Elixinol is the latest Australian cannabis company to list on US stock exchange

Elixinol is the latest Australian cannabis company to list on US stock exchange

Australian cannabis player Elixinol (ASX: EXL) is the second company in as many weeks to list on a specialised United States stock exchange. The business, which operates in the industrial hemp, dietary supplements and emerging medicinal cannabis sectors, will list on the OTCQX market under the symbol ELLXF. Trading on the OTCQX will o...

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Aussie drone defender to join international 'Night Hawk' military exercise

Aussie drone defender to join international 'Night Hawk' military exercise

Sydney-based drone defence company DroneShield (ASX: DRO) has been selected by Danish Special Operations Command to participate in the annual international 'Night Hawk' initiative. DroneShield will take part in the major military training exercise which is run annually by the North Atlantic Treaty Organisation (NATO).and atte...

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Dover Financial director taken to court for misleading clients

Dover Financial director taken to court for misleading clients

Terry McMaster (pictured) famously collapsed during a royal commission hearing in April. His company, Dover Financial Advisors, followed suit only weeks later after turning in its financial advisory license to the Australian Securities and Investments Commission (ASIC) as part of an enforceable undertaking. Now, the watchdog has commenced...

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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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Healthia outstretches expectations with early lift after IPO

Healthia outstretches expectations with early lift after IPO

With Dr Glen Richards of Greencross (ASX: GXL) fame at the helm as chairman, physiotherapy and podiatry business Healthia (ASX: HLA) has had a glowing first week on the stock market with shares up by almost a third on the prospectus price. The new company formalises a merger between two allied health companies - My FootDr Podiatry an...

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Corporate Travel Management launches SMART Corporate Travel platform

Corporate Travel Management launches SMART Corporate Travel platform

As more professionals travel frequently across the country and the globe for business, the small-to-medium enterprises (SME) they work for often struggle to keep track of cost. Finding the best rates and knowing the exact financial impact of travel is becoming a serious business consideration, one which Corporate Travel Management is supp...

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Capilano beekeepers back $190m takeover honeypot

Capilano beekeepers back $190m takeover honeypot

Twists and turns continue as Capilano Honey (ASX: CZZ) prepares to sell to a China-focused private equity group. The honey producer this morning announced it has received support from foundation shareholder Capilano Beekeepers Limited to go ahead with the sale to Wattle Hill. The transaction, worth $190 million, would see 100% of the ...

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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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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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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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Aussie esports company makes a killing in Africa

Aussie esports company makes a killing in Africa

Online gaming and esports company Emerge Gaming (ASX: EM1) has muscled further into the African market, now boasting access to more than 29 per cent of the continent's entire population. Emerge has acquired access to millions of new subscribers in Ghana, Kenya, Namibia, Nigeria, Zambia and Zimbabwe, following the integration of its Ar...

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Maurice Blackburn launches $100 million class action at Woolworths

Maurice Blackburn launches $100 million class action at Woolworths

Grocery giant Woolworths (ASX: WOW) is staring down a class action potentially worth $100 million launched by law firm Maurice Blackburn. Maurice Blackburn is alleging that Woolworths mislead shareholders in 2015 by affirming a profit guidance that could not be met without adversely affecting its competitiveness. The listed grocery gi...

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Medlab given green light to export cannabis

Medlab given green light to export cannabis

Earlier this year Medlab (ASX: MDC) raised $24 million to bring its cannabis-based medicine to the market. Now, the company has been given the green light to export its buccal spray products NanaBis and NanaBidial overseas. NanaBis is used as an alternative to opioids in the treatment of cancer related pain, while NanaBidial is used t...

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APDC and NEXTDC Supreme Court stoush dissolves

APDC and NEXTDC Supreme Court stoush dissolves

The short-lived legal battle between data centre operators NEXTDC (ASX: NXT) and Asia Pacific Data Centres ('APDC') (ASX: AJD) has come to an end. The Supreme Court of New South Wales legal proceedings, lodged against NEXTDC by APDC, have come to a quiet ending as the judge decided to not make any declarations. This determinat...

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Evans Dixon acquires Fort Street to launch new division

Evans Dixon acquires Fort Street to launch new division

Sydney-based stockbroking and financial advisory business Evans Dixon (ASX: ED1) will expand its operations following the acquisition of Fort Street Advisors. The deal, worth 14.3 million shares in Evans Dixon and $23.4 million in cash, will form the basis of a new corporate & institutional division at the company. The new divisio...

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Why now is the best time for your business to go solar

Why now is the best time for your business to go solar

Karl Brown (pictured), the founder of one of Queensland's largest solar businesses Instyle Solar, has quickly become a guru for the sector. Where many solar businesses have faltered, Instyle has soared, supplying thousands of Queenslanders with cost-saving solar tech since its founding in 2012. But according to Brown, the benefits...

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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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