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25.01.2022 Australia's largest childcare centre operator G8 Education Ltd has been hit with a class action lawsuit by Slater and Gordon on behalf of shareholders today.
25.01.2022 Shares in telco Uniti Group Limited rose like an acquisition target today at a rate of close to 18 per cent, but in fact the reverse is true. http://ow.ly/P8nI50BqRQe
25.01.2022 After months of limited event activity, the Gold Coast Convention and Exhibition Centre is witnessing a surge in enquiry and bookings, including the confirmation of three international conferences this month. http://ow.ly/SoAM50BLBuM
25.01.2022 Crown gets serious on money laundering with new financial crimes officer Casino operator Crown Resorts Limited (ASX: CWN) has appointed a money laundering specialist from the banking industry to head up a newly created compliance division in the wake of the ongoing inquiry by the NSW Independent Liquor and Gaming Authority (ILGA). Steven Blackburn has been named Crown's Chief Compliance and Financial Crimes O...
25.01.2022 A bid to acquire Village Roadshow (ASX: VRL) from private equity firm BGH Capital has been supercharged this morning by close to 70 cents per share.
24.01.2022 The move is potentially a game-changer for NAB and sees the Big Four Bank take on Afterpay BNPL product used by nearly 10 million people in Australia, the US and the UK. http://ow.ly/Kr4y50BmI4W
24.01.2022 Western Australia immediately tightened its border to South Australians within days of its reopening. Tasmania and the Northern Territory have both followed suit, and Queensland Premier Annastacia Palaszczuk has signalled restrictions "may" be incoming for those visiting Queensland.
23.01.2022 Business News Australia is currently experiencing intermittent outages because of what we believe to be a Distributed Denial of Services Attack (DDoS). We hope to have the website back up and running again as soon as possible. Please bare with us while we address the situation.
23.01.2022 Kogan witnessed the largest monthly increase of new customers in the companys history in August 2020 as sales and profit more than doubled. http://ow.ly/aHfe50Bs2u5
23.01.2022 The imposition of two weeks self-quarantine on arrival in Western Australia will no longer be in place for those travelling from Victoria and New South Wales from Tuesday 8 December.
23.01.2022 In what is a major coup for the Gold Coast entertainment industry, music rights organisation and industry body APRA AMCOS has selected studio Bignote Productions for its next SongHubs program. http://ow.ly/nPNJ50BnNu8
22.01.2022 Sydney's simmering hospitality industry will soon receive a well-needed boost as the city council and state government make it quicker and easier to set up outdoor drinking and dining areas. http://ow.ly/26FZ50BMJZq
22.01.2022 Giles tells Business News Australia the company currently delivers around 400,000 meals around the country per week and is on track to becoming profitable this financial year, at least in EBITDA terms although not yet on a statutory level. It is a milestone that coincides with a $70 million initial public offering currently underway with 'YFZ' shares expected to start trading on 8 December, boasting an expected enterprise value of $164.9 million.
22.01.2022 The Federal Government will cover up to half of the costs for Australian businesses involved in conferences and events as part of a $50 million grant program intended to help restart the sector. http://ow.ly/OvWW50BnNpt
22.01.2022 A new report on the buy-now pay-later (BNPL) industry from the Australian Securities and Investment Commission (ASIC) has found one in five consumers are being hit with late payment fees.
21.01.2022 Two founder-led Australian Software as a Service companies have announced acquisitions to grow their footholds in Europe and bring complementary technology into the mix. http://ow.ly/rTOG50BMJWv
21.01.2022 Althea subsidiary Peak Processing Solutions will immediately start commercial operations at its high-tech Ontario facility after securing a cannabis processing licence from Canadian authorities. http://ow.ly/6B4P50BpCCw
21.01.2022 National carrier Qantas has announced further cost cuts to stay airborne during the pandemic, flagging plans to potentially exit its 49,000sqm Mascot, Sydney headquarters as well as Jetstars head office in Collingwood, Melbourne. http://ow.ly/3E7450BqN3s
21.01.2022 The NSW Government has announced the exact station locations for a metro line as part of an $11 billion mega-project to develop the Western Sydney International Airport with rail linkages to the citys transport system. http://ow.ly/EUu350BpCxX
21.01.2022 A long-awaited Queensland border opening to Sydney residents will soon be a reality after the State Government announced closures would be lifted from 1 December.
20.01.2022 Cleanaway Waste Management has today issued a response to allegations published in the Australian Financial Review that CEO Vik Bansal (pictured) bullied and intimidated employees. http://ow.ly/SOyT50BpCFj
20.01.2022 Virgin Australia will withdraw from several regional flight routes as part of its business recovery plan under new owner Bain Capital.
20.01.2022 Despite missing a 11 September deadline to pay back more than half of its $19 million debt to National Australia Bank, Smiles Inclusive has today announced plans to raise $8 million to repay the bank in part. http://ow.ly/WBT550BNVo5
19.01.2022 Victorian Premier Daniel Andrews has heralded a "day of hope and optimism" today after regional Victoria met the requirements to enter the next stage in the roadmap to recovery from COVID-19. http://ow.ly/pblS50BqNsX
19.01.2022 Commonwealth Bank and Westpac are in hot water today after two regulatory bodies took action over alleged misconduct.
19.01.2022 Travellers will be able to fly directly between Hobart and the Gold Coast on a new Jetstar service once Tasmania opens its borders to Queensland on 26 October. http://ow.ly/T23H50BLCp3
19.01.2022 Behind the Virtual Invisible Network is the $141 million capped ASX-listed Netlinkz, a company that has received numerous industry awards for its technology, including as a worldwide winner of the Global Security Challenge. http://ow.ly/Wh3t50Btaiw
18.01.2022 As almost anyone who wastes countless hours stuck in traffic would agree, there's little more frustrating for workers than starting or ending the day with an overly long commute. But, while we might not like it, more of us are doing it. In 2019, the average daily commute time for Australian metro workers was 66 minutes. Then COVID happened.
18.01.2022 Unveiled last night, the Federal Budget puts jobs creation in the spotlight, alongside a raft of measures designed to boost business confidence and keep companies hiring and spending. http://ow.ly/qqHJ50BLBs7
18.01.2022 Netlinkz revenue surges 846 per cent as VIN tech gains traction: http://ow.ly/8eKI50Bs2kW
18.01.2022 The consumer watchdog has raised preliminary competition concerns over the sale of Downer's Spotless Laundries business to competitor Alsco as it would combine two of the largest garment laundry suppliers in Australia. http://ow.ly/lS1f50BMJYW
17.01.2022 Australian hybrid rocket developer Gilmour Space Technologies is shooting for the moon after striking its first international commercial contract with US-based Momentus Inc.
17.01.2022 The Australian Banking Association revealed positive signs of economic recovery today, with payments resuming for almost half the nation's deferred loans. http://ow.ly/U6qX50BSXQ0
16.01.2022 Centuria Industrial REIT has completed its sixth acquisition of the financial year - a cold storage facility in Ormeau, Queensland - for $43 million. http://ow.ly/7uuU50BLw4g
16.01.2022 Charter Hall's Social Infrastructure REIT has entered into an agreement to purchase Mater Misericordiae's new corporate headquarters for $122.5 million today. http://ow.ly/NbvX50BNQ7D
15.01.2022 A COVID-19 vaccine being developed by the The University of Queensland and pharmaceutical giant CSL Plasma is tracking "ahead of schedule", with Federal Health Minister Greg Hunt claiming it should be ready for deployment in mid-2021.
15.01.2022 Outgoing Rio Tinto CEO has around $28 million worth of performance rights depending on share prices over the coming years, while the Indigenous people whose heritage was destroyed have said: "We cannot and will not allow this type of devastation to occur ever again." http://ow.ly/Wk5P50BnNlS
15.01.2022 Victorians can now expect more social interaction and extra time outside after the state cautiously eased out of heavy lockdown restrictions at midnight. http://ow.ly/ItIi50BpCwg
14.01.2022 NSW Health has issued public health alerts after confirmed cases of COVID-19 visited a number of venues and businesses including Monopole Restaurant at Potts Point. http://ow.ly/BP8r50BNQ61
13.01.2022 CSIRO-UQ study finds ASX risk-takers more financially successful Bold risk takers leading ASX-listed companies are proven to be more financially successful, according to a report compiled by Australia's national science agency CSIRO. The report Thriving Through Innovation: Lessons from the Top has been compiled in collaboration with the University of Queensland through a survey of innovation data...
13.01.2022 Gilmour Space shooting for the moon with Momentus deal Australian hybrid rocket developer Gilmour Space is shooting for the moon after striking its first international commercial contract with US-based Momentus Inc. The Gold Coast company, which has largely focused on the growth market of low-earth orbit communication satellites, could potentially explore new frontiers under this agreement.... Th...
13.01.2022 A proposed new service blends the rising buy-now-pay-later phenomenon with traditional credit through a Mastercard offering.
12.01.2022 Three leading Rio Tinto executives including CEO Jean-Sebastien Jacques will leave the company after its Aboriginal site destruction in the Pilbara became too much to stomach for shareholders. http://ow.ly/DlN450BnG5a
12.01.2022 Fast-growing telco Uniti Group Limited is so determined to get its hands on OptiComm Ltd that it will take on more debt and dilute shares to beat Australia's third-largest superannuation fund to the punch. http://ow.ly/hxRh50BSUHn
12.01.2022 The New Payments Platform has significantly changed everyday banking over the last couple of years by speeding up the way we send and receive payments. http://ow.ly/uHuH50Bta9E
12.01.2022 Australia-headquartered CSL (ASX: CSL) is set to bring a cell-based influenza vaccine manufacturing technology to home shores after announcing subsidiary Seqirus will start building a new $800 million biotech facility in Melbourne next year.
11.01.2022 Behind the Virtual Invisible Network is the $141 million capped ASX-listed NetLinkz Ltd (ASX:NET), a company that has received numerous industry awards for its technology, including as a worldwide winner of the Global Security Challenge. http://ow.ly/r2AV50Bs2kl
11.01.2022 Premier Investments issued a statement today calling for the immediate resignation of the board, while also criticising CEO John King and taking aim at fellow shareholder Geoff Wilson of Wilson Asset Managemet for backing Hounsell. http://ow.ly/XAHc50BmI4i
10.01.2022 Airtasker shares fly on ASX debut Shares in newly listed odd-jobs platform Airtasker (ASX: ART) are climbing on the company's ASX debut this morning, up by more than 40 per cent. Trades for the company's shares are beating the company's IPO price of $0.65 per share, currently at $0.92, with more than 27 million shares moved since ART went live.... The launch was s...
10.01.2022 A COVID-19 treatment being developed by Australian pharmaceutical company Mesoblast Limited has been granted Fast Track designation by the US Food and Drug Administration today.
10.01.2022 The Juukan Gorge matter was, among other things, a corporate public relations disaster for the whole company. Now is the time to fix the organisational failings that contributed to it. http://ow.ly/TNmj50BnOBB
10.01.2022 Helloworld Travel Limited is betting on heavy demand for cruises in 2022 after entering into an agreement to acquire Phil Hoffman-founded cruise wholesaling specialist Cruiseco Pty. Ltd today.
10.01.2022 Testing of Starpharmas nasal spray has shown it can inactivate more than 99.9 per cent of SARS-CoV-2, the virus that causes COVID-19, if used before or after exposure. http://ow.ly/iZrn50BpCIn
09.01.2022 From a fortuitous meeting in an Uber, two Melbourne entrepreneurs have gone on to build a groundbreaking dairy-free cheese company and now have the world on a platter.
09.01.2022 Creso Pharma has welcomed an interim decision from the Therapeutic Goods Administration regarding the sale of cannabidiol over the counter in pharmacies.
09.01.2022 After six months of closures, Ardent Leisures Gold Coast theme parks Dreamworld Australia and WhiteWater World have reopened to the public this morning, in time for Queensland school holidays. http://ow.ly/pDGK50Bs2rU
09.01.2022 Sydney-based healthcare company Medicision has announced a new partnership allowing Australian cancer patients access to biotechnology that tailors treatments to the unique genetic complexity of their tumour network. http://ow.ly/XXWm50Btagk
09.01.2022 Victorian COVID-19 restrictions to ease from Friday With no active cases of COVID-19 in the state, Victorian health officials are poised to ease restrictions from Friday, allowing more visitors in the home, reduced mask wearing, and larger public gatherings. As such, from Friday 26 March, masks will no longer be required in retail settings, but Victorians will still need to wear one on public...
08.01.2022 With telehealth services experiencing tremendous growth due to the pandemic, two ASX-listed medical technology have announced new milestones today. http://ow.ly/Ctn550Bta5C
08.01.2022 After just over 18 months in the job, Virgin CEO Paul Scurrah will step aside and make way for former Jetstar boss Jayne Hrdlicka.
08.01.2022 Department store MYER has announced a $172.4 million loss for FY20 after a deteriorating sales environment took its toll on the brand, along with associated labels like sass & bide which it purchased for more than $70 million between 2011 and 2013.
08.01.2022 GPT Group has sold its 25 per cent interest in 1 Farrer Place, Sydney to a Lendlease managed fund for $584.6 million.
08.01.2022 Bold risk takers leading ASX-listed companies are proven to be more financially successful, according to a report compiled by Australia's national science agency CSIRO.
07.01.2022 BREAKING: Prime Minister Scott Morrison has indicated Queensland is now part of the framework for a national reopening by Christmas, although the Western Australian Government has still not agreed to the scheme.
06.01.2022 On the back of a European acquisition, Jewellery retailer Lovisa has seen its shares bounce back to levels not seen since the COVID-19 pandemic slammed retailers globally.
06.01.2022 Fresh produce company Costa Group has sourced from within for new leadership next year when longstanding CEO Harry Debney steps down after 10 years at the helm.
06.01.2022 Shares in Oliver's Real Food have jumped 11 per cent after the company reached a master franchise agreement with the Australian arm of British fuel and convenience conglomerate EG Group. http://ow.ly/TybZ50BMFW8
06.01.2022 Two major ASX-listed medicinal cannabis companies could soon be under one roof after the board of CannPal Animal Therapeutics (ASX: CP1) agreed to a scrip-based buyout from AusCann Group (ASX: AC8).
06.01.2022 Owners of vacant land in Victoria will not have to pay tax on their properties this year as part of the state governments sweeping pandemic relief measures. http://ow.ly/5O9750BmI3M
06.01.2022 The obvious threat is to our exports and, in particular, iron ore which is our biggest single export and goes mostly to China. http://ow.ly/Qixo50BnNzs
05.01.2022 Premier Investments profits up 89 per cent as Summer sales strategy succeeds A decision to boost inventories for the high-demand Summer sales periods has paid off for retailer Premier Investments (ASX: PMV), with group profits rising by 88.9 per cent in the first half and earnings exceeding guidance. The company's chairman Solomon Lew has described the achievement as "outstanding", with the results boos...
05.01.2022 Staff on a floor of Datacom's northern Sydney office building have been told to self-isolate after a co-worker tested positive for COVID-19 as New South Wales reports five new local cases of the coronavirus. http://ow.ly/N99N50BNQ9p
05.01.2022 Federal Court finds Mayfair 101 misled investors Australia's corporate watchdog has been successful in a legal case against Mayfair 101 Group, with the Federal Court today finding the company's debenture product advertisements "false, misleading or deceptive". The Australian Securities and Investment Commission (ASIC) brought its case against the investment group ba...
05.01.2022 Shareholders suing failed education and training provider Vocation Limited will share in a $50 million class action settlement that has taken five years to achieve.
05.01.2022 In the next few weeks, federal Environment Minister Sussan Ley will decide whether to approve a New South Wales quarry expansion that will destroy critical koala breeding grounds. http://ow.ly/czl650Bta2j
04.01.2022 New podcast - Talking to Trailblazers, Troy Douglas co-founder of Nexba Pty Ltd: https://www.businessnewsaus.com.au/talking-to-trailblazers- For Nexba co-founder Troy Douglas his sugar-free beverage business has been sweet. Troy is a celebrated young entrepreneur and passionate businessman who, alongside his brother Drew, has experienced a whopping ten years of 100 per cent year on year growth since Nexba launched.... Nexba produce delicious, sugar free drinks like Kombucha, soft drink, and the company recently launched a probiotic soda range that was the first to market here in Australia. While the brand's drinks are stocked nationally in retailers including Coles, Woolworths, 7-Eleven, Caltex and more, Nexba has been cracking into the UK market, partnering with groups like Sainsburys and WHSmith to bring their naturally sugar-free range to yet another thirsty population. On this week's episode of Talking to Trailblazers we find out what life was like for Troy before co-founding Nexba and delve into the ins-and-outs of capital raising strategies.
04.01.2022 Adelaide-based electric vehicles manufacturer ACE has penned a deal that will see its cars become a whole lot smarter and capable of autonomous driving.
04.01.2022 Biotechnology giant CSL has finalised an agreement with the Commonwealth Government to supply 51 million doses of a COVID-19 vaccine to Australia. http://ow.ly/9M2650BMJV5
03.01.2022 NSW Health has issued 10 public health alerts after confirmed cases of COVID-19 visited a number of venues and businesses including the Ripples restaurant at Milsons Point. http://ow.ly/JyG850BMFX6
03.01.2022 The public health alerts note the confirmed COVID-19 case visited stores like Big W, City Beach, Woolworths, Pandora and more. http://ow.ly/Pfm650BnG6a
02.01.2022 Former McGrath CEO Geoff Lucas to lead The Agency The man who led the turnaround at McGrath (ASX: MEA) will soon take the reins at another property company that has been battling for recovery - The Agency Group (ASX: AU1). The fast-growing company has today announced property industry veteran Geoff Lucas will start as group CEO next week on 29 March, working alongside managing director...
02.01.2022 ACT residents will be able to travel to South Australia as of midnight tonight without spending 14 days in quarantine, although they wont be able to do so by car as the Festival States authorities still dont consider NSW to be a safe zone. http://ow.ly/Ua1A50BqSjQ
01.01.2022 Retail Food Group has entered an agreement to sell its Victorian cheese business to New Zealand-based dairy giant Fonterra for $19.23 million. http://ow.ly/7sS450BnNar
01.01.2022 Whether it be the creation of an innovative product or process, a novel design or a distinctive brand, IP helps a business acquire market advantage. Therefore it is imperative that exclusive rights are obtained and maintained.
01.01.2022 A $100 million recovery fund created by the City of Melbourne and the Victorian Government will be used to reactivate the central city as the state progressively reopens. http://ow.ly/XstL50BpCJq
01.01.2022 Green shoots of recovery can be seen in the Australian economy as the number of Australian businesses requesting an extension of wage subsidy JobKeeper fell below forecasts in October.
01.01.2022 Supply chain specialist TM Insight will double the size of its team following the acquisition of XAct Solutions, powering the company up to expand in the Australian and Southeast Asian markets. http://ow.ly/wYri50Bs2t9
01.01.2022 A new episode of Talking to Trailblazers is live! This week: Country girl Katie Jones' journey to success: http://ow.ly/Nx7V50CyWsl Katie Jones' ambition has taken her from a small farming town to professional cycling, Miss Universe Australia, and now to launching her modelling agency Country Girl Management in the US. Country Girl Management a Gold Coast-based self-development program and modelling agency for young women across Australia, New Zealand, Canada and the US, scou...ts girls who traditionally don't get a foot in the door at city-based agencies. While COVID-19 has all but decimated the traditional world of fashion shows and runways, Jones has still managed to finally crack into the US market this year but not without some stumbles on the way. Not one to let a pandemic get in the way of success, Jones managed to become an expert at running events online and still had models work for huge brands this year including Seafolly, Lea Denim and Mecca. This week Jack talks to Katie about how her stint as a professional cyclist gave her the ambition she needed to survive in business, and how international expansion is a tricky but rewarding science. #TalkingToTrailblazers #YoungEntrepreneur
