Federal Court fines Mercer Australia $12m over fees for no service

Federal Court fines Mercer Australia $12m over fees for no service

The Australian arm of financial services giant Mercer has been slapped with a $12 million penalty after it was found to be wrongly billing thousands of its customers for se...

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Two leading Australian companies that have upended the status quo i...

New research shows how Indigenous-owned businesses are creating better outcomes for their employees

New research shows how Indigenous-owned businesses are creating better outcomes for their employees

We are seeing more Indigenous businesses in Australia. This is impo...

EML Payments’ revenue surges but $20m cash burn too much for some

EML Payments’ revenue surges but $20m cash burn too much for some

Global card payments provider EML Payments (ASX: EML) has seen a su...

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Dealtracker shows SME reluctance to sell and higher earnings multiples for small targets

Dealtracker shows SME reluctance to sell and higher earnings multiples for small targets

Small-to-medium enterprises (SMEs) continue to be the engine room o...

Goyder bows to pressure with plans to retire as Qantas chairman next year

Goyder bows to pressure with plans to retire as Qantas chairman next year

Qantas Airways (ASX: QAN) chairman Richard Goyder has bowed to publ...

ALIAVIA Ventures backed by heavy hitters in $13.5m raise for female-founded tech startups

ALIAVIA Ventures backed by heavy hitters in $13.5m raise for female-founded tech startups

US-based venture capital firm ALIAVIA Ventures has closed a $13.5 m...

GYG’s largest shareholder tightens grip on leadership as former Accent head joins founder as co-CEO

GYG’s largest shareholder tightens grip on leadership as former Accent head joins founder as co-CEO

Guzman y Gomez’s largest shareholder has tightened its grip o...

Mannu Kala retains the crown as Gold Coast Young Entrepreneur of the Year

Mannu Kala retains the crown as Gold Coast Young Entrepreneur of the Year

"We had a good spike of opportunistic business in the pandemic...

Body Science, Humble Group save Halo Food Co facility in Sydney

Body Science, Humble Group save Halo Food Co facility in Sydney

More than a month after falling into voluntary administration, form...

Gold Coast Young Entrepreneur Awards to put local talent in the spotlight

Gold Coast Young Entrepreneur Awards to put local talent in the spotlight

It has now been a year since the revelry of the 2022 Gold Coast You...

Li-S Technology, V-TOL Aerospace and Halocell team up to develop high-altitude drones

Li-S Technology, V-TOL Aerospace and Halocell team up to develop high-altitude drones

A partnership has been forged between three Australian companies sp...

Digital sales take a $2.9b hit in the third quarter but travel spending still flying high

Digital sales take a $2.9b hit in the third quarter but travel spending still flying high

Digital business turnover in Australia took a $2.9 billion hit in t...

PharmaCann Global leading the way again
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Entrepreneurship

CBA data shows surge in Millennial, Gen Z business accounts

CBA data shows surge in Millennial, Gen Z business accounts

Young entrepreneurs accounted for the majority of new business account openings at Commonwealth Bank (ASX: CBA) in FY23 at 63.3 per cent, citing extra income and freed...

2023 Australian Young Entrepreneur of the Year revealed

2023 Australian Young Entrepreneur of the Year revealed

In the strongest year ever for the Melburnian contingent in th...

Hobart edtech startup MyTeacherAide launches AI-powered tool for teachers

Hobart edtech startup MyTeacherAide launches AI-powered tool for teachers

A Hobart-based ed-tech startup founded by two Tasmanian teachers ha...

Boomerang Labs selects 13 NSW circular economy startups for latest accelerator program

Boomerang Labs selects 13 NSW circular economy startups for latest accelerator program

Thirteen NSW businesses creating innovations from a reusable pallet...

MERGERS AND ACQUISITIONS

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Two leading Australian companies that have upended the status quo i...

Sunshine Coast icon Beefy's Pies acquired by RFG for $10 million

Sunshine Coast icon Beefy's Pies acquired by RFG for $10 million

The owners of award-winning Sunshine Coast family pie shop chain Be...

Adelaide’s Codan fortifies tactical comms division with $21m deal for US-based Wave Central

Adelaide’s Codan fortifies tactical comms division with $21m deal for US-based Wave Central

Adelaide-based technology company Codan (ASX: CDA) is poised to wra...

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Retail

Black Friday sales double for furniture e-retailer Temple & Webster

Black Friday sales double for furniture e-retailer Temple & Webster

After revenue went backwards in FY23 with the silver lining of a re...

Adore Beauty shares surge despite rejecting $122m bid from UK online retailer THG

Adore Beauty shares surge despite rejecting $122m bid from UK online retailer THG

Shares in online beauty products retailer Adore Beauty Group (ASX: ...

Cult women’s shoe brand Frankie4 opens permanent store in Seattle

Cult women’s shoe brand Frankie4 opens permanent store in Seattle

Cult women’s footwear brand Frankie4 has expanded its presenc...

Online fashion brand LSKD locks in more store openings after a year of growth

Online fashion brand LSKD locks in more store openings after a year of growth

Online activewear retailer LSKD continues to spread its wings in th...

 

Opinion

Should businesses consult shareholders before taking a stand on social issues?

Should businesses consult shareholders before taking a stand on social issues?

In 2017 many businesses took a stand on the Australian marriage equ...

Why Google and Meta owe news publishers much more than you think

Why Google and Meta owe news publishers much more than you think

In a time of war and populism, the world needs quality information ...

Optus blackout explained: what is a ‘deep network’ outage and what may have caused it?

Optus blackout explained: what is a ‘deep network’ outage and what may have caused it?

Optus customers woke up this morning to find they were unable to ge...

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CAPITAL RAISING & FINANCE

Early-stage startup backer Happenco secures $12m to fund founders

Early-stage startup backer Happenco secures $12m to fund founders

Australian venture investment and advisory firm Happenco has announ...

'AI brain for banks' Rich Data Co raises US$17.5m Series B

'AI brain for banks' Rich Data Co raises US$17.5m Series B

A Sydney-headquartered tech company styling itself as an "AI b...

Fintech WLTH acquires Mortgage Mart of Australia after $14m raise

Fintech WLTH acquires Mortgage Mart of Australia after $14m raise

The loan book at Brisbane-headquartered fintech WLTH has ballooned ...

Prop-tech Soho hits $20m valuation after Singapore’s Feedback Ventures buys in

Prop-tech Soho hits $20m valuation after Singapore’s Feedback Ventures buys in

A $750,000 equity investment by Singapore prop-tech fund Feedback V...

Leadership

Abrupt departure for Ecofibre CEO Eric Wang

Abrupt departure for Ecofibre CEO Eric Wang

Eric Wang, the longstanding CEO and managing director of Ecofibre (...

Should businesses consult shareholders before taking a stand on social issues?

Should businesses consult shareholders before taking a stand on social issues?

In 2017 many businesses took a stand on the Australian marriage equ...

Optus service outage takes down embattled CEO Bayer Rosmarin

Optus service outage takes down embattled CEO Bayer Rosmarin

The fallout from the Optus service outage two weeks ago has taken d...

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Property

Makris Group gets the nod for $500m plan to add hotel and apartments to Marina Mirage

Makris Group gets the nod for $500m plan to add hotel and apartments to Marina Mirage

A luxury boutique hotel and residential apartments are set to join ...

McGrath forecasts 40pc lift in underlying profit amid challenging conditions

McGrath forecasts 40pc lift in underlying profit amid challenging conditions

Real estate agency operator McGrath (ASX: MEA) has forecast a 40 pe...

Bob Ell’s Leda Holdings sells Sydney industrial asset for $70m to Centuria’s $500m Starwood fund

Bob Ell’s Leda Holdings sells Sydney industrial asset for $70m to Centuria’s $500m Starwood fund

Billionaire developer Bob Ell has offloaded a Sydney logistics prop...

Gurner gains approval for $150m Burleigh Heads project amid builder shortage

Gurner gains approval for $150m Burleigh Heads project amid builder shortage

Fresh from defending rumours that its $1.5 billion La Pelago develo...

 

Health

Comms, cyber and AI startups soar in Deloitte's Tech Fast 50

Comms, cyber and AI startups soar in Deloitte's Tech Fast 50

Medicinal cannabis digital appointments and delivery company Montu ...

Health management platform Splose raises half its $3m Series A target in 24 hours

Health management platform Splose raises half its $3m Series A target in 24 hours

Allied-health industry management platform Splose has secured half ...

Dental Boutique founders win Melbourne Young Entrepreneur of the Year Award for third time running

Dental Boutique founders win Melbourne Young Entrepreneur of the Year Award for third time running

Dental Boutique is the gift that keeps on giving for its founders, ...

AI-driven medtech Heidi raises $10m in Series A to tackle GP shortage

AI-driven medtech Heidi raises $10m in Series A to tackle GP shortage

Heidi, a medtech platform that is tackling the looming shortage of ...

Technology

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Lovers, not fighters: Mr Yum and me&u consummate hospitality merger

Two leading Australian companies that have upended the status quo i...

'AI brain for banks' Rich Data Co raises US$17.5m Series B

'AI brain for banks' Rich Data Co raises US$17.5m Series B

A Sydney-headquartered tech company styling itself as an "AI b...

Adelaide’s Codan fortifies tactical comms division with $21m deal for US-based Wave Central

Adelaide’s Codan fortifies tactical comms division with $21m deal for US-based Wave Central

Adelaide-based technology company Codan (ASX: CDA) is poised to wra...

Australian banks to roll out new payee system to tackle ‘global scam epidemic’

Australian banks to roll out new payee system to tackle ‘global scam epidemic’

In a bid to protect Australians from the ‘global scam epidemi...

Legal

RACQ Insurance fined $10m for failing customers on discount promises

RACQ Insurance fined $10m for failing customers on discount promises

The insurance arm of the member-owned Royal Automobile Club of...

Federal Court fines Mercer Australia $12m over fees for no service

Federal Court fines Mercer Australia $12m over fees for no service

The Australian arm of financial services giant Mercer has been slap...

AMP shares surge after agreeing to pay $100m to settle financial advisers’ class action

AMP shares surge after agreeing to pay $100m to settle financial advisers’ class action

Financial services group AMP (ASX: AMP) has agreed to pay $100 mill...

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