Sydney Articles

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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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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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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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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Yellow Brick Road revives $300m facility hopes with new bank

Yellow Brick Road revives $300m facility hopes with new bank

Financial services company Yellow Brick Road (ASX:YBR) is paving the way for a long-desired securitisation programme as negotiations for a $300 million loan facility get back on track. In late August the group's negotiations with a big four bank were short-lived, but yesterday chairman Mark Bouris announced YBR had entered an exc...

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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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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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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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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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NAB to forgive Funtastic debts following capital injection

NAB to forgive Funtastic debts following capital injection

While the demise of Toys R Us certainly took its toll on Funtastic (ASX: FUN), the toy manufacturer now aims to recoup its edge. Funtastic announced on Monday that it has entered a trading halt, pending a capital raising round which the company says will pay down all its debts to the National Australia Bank (NAB). An $8.2 million inst...

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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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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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