$285 million wipe-out for Myer after flat sales and impairment on fashion brands acquisition

$285 million wipe-out for Myer after flat sales and impairment on fashion brands acquisition

Investors have soured on Myer Holdings (ASX: MYR) as the department store group reports flat sales and a significant impairment relating to its quasi-merger with Premi...

Bain Capital emerges as third suitor in a crowded battle for control of oOh!media

Bain Capital emerges as third suitor in a crowded battle for control of oOh!media

Outdoor advertising giant oOh!media (ASX: OML) has confirmed it is ...

Spenda launches $8.5m entitlement offer at steep discount to retire debt and recapitalise

Spenda launches $8.5m entitlement offer at steep discount to retire debt and recapitalise

Perth-based fintech Spenda Limited (ASX: SPX) has launched an accel...

Financial pressures make Aussies less satisfied with life than during lockdowns, study finds

Financial pressures make Aussies less satisfied with life than during lockdowns, study finds

Growing financial pressure has led Australians to be less satisfied...

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New Victorian exposure sites revealed as SA locks Melburnians out

New Victorian exposure sites revealed as SA locks Melburnians out

Victoria's Department of Health has announced new exposure si...

Crown needs "root and branch" change, says chairman

Crown needs "root and branch" change, says chairman

Crown Resorts (ASX: CWN) chairman Helen Coonan says significant c...

SA locks out Melburnians from entry

SA locks out Melburnians from entry

South Australian health officials imposed a hard border to travel...

Eyes and ears on Healthia as shares double in four months

Eyes and ears on Healthia as shares double in four months

Investors appeared to take little notice of allied health group H...

Melbourne Holiday Inn quarantine facility to close

Melbourne Holiday Inn quarantine facility to close

The Holiday Inn quarantine facility at Melbourne Airport will clo...

Packer-affiliated directors step down from Crown Resorts

Packer-affiliated directors step down from Crown Resorts

Two directors linked to the Packer family's Consolidated Pres...

T Galleria by DFS to anchor The Star's $3.6b Queen's Wharf project in Brisbane

T Galleria by DFS to anchor The Star's $3.6b Queen's Wharf project in Brisbane

With the woes of Crown Resorts (ASX: CWN) still firmly in the spo...

'Not suitable': where to now for James Packer and Crown's other casinos?

'Not suitable': where to now for James Packer and Crown's other casinos?

After months of hearings, characterised by spectacular admissions...

Public health alerts issued after Victorian quarantine worker tests positive for COVID-19

Public health alerts issued after Victorian quarantine worker tests positive for COVID-19

A number of public health alerts in Sunbury, north of Melbourne,...

Inquiry finds Crown "unsuitable" to run casino, calls for board change and forensic audit

Inquiry finds Crown "unsuitable" to run casino, calls for board change and forensic audit

An inquiry into alleged criminal activity at Crown Resorts' (...

Little Green Pharma plans $22m raise to boost cannabis production and push internationally

Little Green Pharma plans $22m raise to boost cannabis production and push internationally

Medicinal cannabis cultivator and manufacturer Little Green Phar...

Suncorp profit rises as group ditches travel insurance and personal loans

Suncorp profit rises as group ditches travel insurance and personal loans

Brisbane-based Suncorp (ASX: SUN) has seen its profits rise by ne...

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Entrepreneurship

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

Inspired by a medical diagnosis and driven by innovative marketing, Melbourne husband-and-wife team Kasey and Michael Giarratana have bootstrapped beauty brand Xali Organic...

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

Queensland-based biotech startup Gutgutgoose has been accepted into...

Scalare Partners rescues Fishburners from administration, boosting its presence in the startup space

Scalare Partners rescues Fishburners from administration, boosting its presence in the startup space

Sydney-based startup accelerator and investor Scalare Partners...

Sprout Organic's Selasi Berdie secures $8m buyout from NGS to take his infant formula company public

Sprout Organic's Selasi Berdie secures $8m buyout from NGS to take his infant formula company public

Gold Coast-based plant-based infant formula company Sprout Organic ...

Mergers and Acquisitions

Vinyl Group acquires Nine's former $100m rising star Pedestrian Group for a 'nominal' sum

Vinyl Group acquires Nine's former $100m rising star Pedestrian Group for a 'nominal' sum

Sydney-based digital media company Vinyl Group (ASX: VNL) has snapp...

Propel Funeral Partners expands New Zealand footprint with trio of acquisitions worth $9.1m

Propel Funeral Partners expands New Zealand footprint with trio of acquisitions worth $9.1m

Sydney-based death care provider Propel Funeral Partners (ASX: PFP)...

Directed Technologies acquires Bangkok telematics provider GPS2GO to deepen South-East Asian push

Directed Technologies acquires Bangkok telematics provider GPS2GO to deepen South-East Asian push

Melbourne-headquartered connected vehicle and IoT company Directed ...

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Retail

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

From $13,000 to $20 million: how a PCOS diagnosis and a pair of scissors built Xali Organics

Inspired by a medical diagnosis and driven by innovative marketing,...

Retail Food Group lowers profit guidance as rising rates and weak consumer confidence weigh on sales

Retail Food Group lowers profit guidance as rising rates and weak consumer confidence weigh on sales

Gold Coast-based franchise group Retail Food Group (ASX: RFG) has l...

Peter Warren Automotive slashes profit guidance as margin pressure wipes out second-half earnings

Peter Warren Automotive slashes profit guidance as margin pressure wipes out second-half earnings

Sydney-based automotive dealer group Peter Warren Automotive Holdin...

Kogan.com shares jump 20pc as NZ turnaround helps sales surge past $875m

Kogan.com shares jump 20pc as NZ turnaround helps sales surge past $875m

Shares in Melbourne-based online retailer Kogan.com (ASX: KGN) surg...

 

Opinion

The lending risk most business owners aren't pricing in

The lending risk most business owners aren't pricing in

If you're planning to borrow in the current market, there's...

Battle of the Claws: the winning move in AI agent war is the one no one is selling

Battle of the Claws: the winning move in AI agent war is the one no one is selling

A Meta safety researcher recently watched her own AI agent delete h...

After CBA loses $25b in a single day, is this the end of big bank dominance on ASX

After CBA loses $25b in a single day, is this the end of big bank dominance on ASX

Global asset manager VanEck has declared that the era of big-bank-l...

Top 100 young entrepreneurs


 

Capital Raising & Finance

Spenda launches $8.5m entitlement offer at steep discount to retire debt and recapitalise

Spenda launches $8.5m entitlement offer at steep discount to retire debt and recapitalise

Perth-based fintech Spenda Limited (ASX: SPX) has launched an accel...

Australian livestock tech maker DIT AgTech launches US crowdfunding campaign seeking up to $7m

Australian livestock tech maker DIT AgTech launches US crowdfunding campaign seeking up to $7m

Toowoomba-based agricultural technology company DIT AgTech is under...

NBN Co locks in $1.2b from second Euro Sustainability Bond as green financing tops $10.7b

NBN Co locks in $1.2b from second Euro Sustainability Bond as green financing tops $10.7b

Government-owned broadband network operator NBN Co has raised &euro...

ANDHealth awards $9m to five digital health startups as sector sounds alarm on capital access

ANDHealth awards $9m to five digital health startups as sector sounds alarm on capital access

Digital health accelerator ANDHealth has awarded up to $9 million i...

Property

Geelong developer TW Projects makes first Melbourne metro foray with $100m Rockbank community

Geelong developer TW Projects makes first Melbourne metro foray with $100m Rockbank community

Geelong-founded developer TW Projects has made its first metropolit...

Cedar Woods secures $63.4m in new land acquisitions as record presales underpin pipeline push

Cedar Woods secures $63.4m in new land acquisitions as record presales underpin pipeline push

Perth-headquartered residential developer Cedar Woods Properties (A...

GCAP Property launches $120m Hamilton Avenue project in Surfers with $35m in pre-sales locked in

GCAP Property launches $120m Hamilton Avenue project in Surfers with $35m in pre-sales locked in

Brisbane-based boutique developer GCAP Property has officially laun...

Ingenia Communities reaffirms FY26 guidance at top of range as sales surge 30pc

Ingenia Communities reaffirms FY26 guidance at top of range as sales surge 30pc

Sydney-based land lease communities operator Ingenia Communities Gr...

Leadership

ASX taps Euronext veteran Anthony Attia as new CEO after global search

ASX taps Euronext veteran Anthony Attia as new CEO after global search

Australian share market operator ASX Limited (ASX: ASX) has appoint...

InDebted founder Josh Foreman steps back from CEO role to lead AI and product strategy

InDebted founder Josh Foreman steps back from CEO role to lead AI and product strategy

AI-powered debt collection fintech InDebted has kicked off an exter...

DroneShield CEO and chairman step down just months after controversial share sale

DroneShield CEO and chairman step down just months after controversial share sale

Sydney-based counter-drone technology company DroneShield (ASX: DRO...

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Health

Biome Australia strikes deal to bring probiotics manufacturing onshore at SPA’s Gold Coast facility

Biome Australia strikes deal to bring probiotics manufacturing onshore at SPA’s Gold Coast facility

Melbourne-based probiotics company Biome Australia (ASX: BIO) has s...

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

AI-powered biotech startup Gutgutgoose accepted into Silicon Valley's Y Combinator

Queensland-based biotech startup Gutgutgoose has been accepted into...

4DMedical locks in US radiology deal, European acquisition and clinical program in five-day blitz

4DMedical locks in US radiology deal, European acquisition and clinical program in five-day blitz

Melbourne-based respiratory imaging company 4DMedical (ASX: 4DX) ha...

HealthCo strikes WA Government-backed deal for Healthscope's Mount Private Hospital in Perth

HealthCo strikes WA Government-backed deal for Healthscope's Mount Private Hospital in Perth

HealthCo Healthcare & Wellness REIT (ASX: HCW) has secured a ne...

SUSTAINABILITY & SOCIAL RESPONSIBILITY

ReSmart raises $1.1m with early backer Antler doubling down as recycling platform nears breakeven

ReSmart raises $1.1m with early backer Antler doubling down as recycling platform nears breakeven

Sydney-based recycling and reverse logistics platform ReSmart has c...

Amber Electric lands $13.6m ARENA boost to expand V2G trial to 1,000 Australian homes

Amber Electric lands $13.6m ARENA boost to expand V2G trial to 1,000 Australian homes

Energy retailer Amber Electric has secured a $13.6 million top-up f...

Karmo partners with AGL to manage energy giant's EV subscription fleet

Karmo partners with AGL to manage energy giant's EV subscription fleet

Brisbane-based car subscription platform Karmo has partnered with A...

Wide Open Agriculture renegotiates Curtin University lupin protein licence to slash royalty costs

Wide Open Agriculture renegotiates Curtin University lupin protein licence to slash royalty costs

Perth-based lupin protein ingredient company Wide Open Agriculture ...

 

Technology

WA startup Hyperion Systems unveils southern hemisphere's first 3D-printed autonomous vessel

WA startup Hyperion Systems unveils southern hemisphere's first 3D-printed autonomous vessel

Perth-based advanced manufacturing start-up Hyperion Systems has un...

Additive Manufacturing centre greenlights first five research projects unlocking $11m in investment

Additive Manufacturing centre greenlights first five research projects unlocking $11m in investment

The Additive Manufacturing Cooperative Research Centre (AMCRC), est...

Arkeus closes $25m Series A to scale manufacturing of AI-powered defence sensing technology

Arkeus closes $25m Series A to scale manufacturing of AI-powered defence sensing technology

Melbourne-based technology company Arkeus has closed a $25 mil...

Li-S Energy secures airfreight approvals to open defence drone battery supply pathway to US

Li-S Energy secures airfreight approvals to open defence drone battery supply pathway to US

Brisbane-based lithium-sulfur battery developer Li-S Energy (ASX: L...

Legal

Westpac hit with $26 million penalty for ignoring hardship pleas from struggling customers

Westpac hit with $26 million penalty for ignoring hardship pleas from struggling customers

Westpac Banking Corporation (ASX: WBC) has been ordered to pay a $2...

Mayne Pharma wins $13.27m costs award against Cosette from collapsed $672m takeover battle

Mayne Pharma wins $13.27m costs award against Cosette from collapsed $672m takeover battle

Adelaide-based pharmaceutical manufacturer Mayne Pharma (ASX: MYX) ...

Zip Co settles trademark dispute with Firstmac, acquiring 'Zip' mark to keep brand name in Australia

Zip Co settles trademark dispute with Firstmac, acquiring 'Zip' mark to keep brand name in Australia

Buy-now-pay-later provider Zip Co Limited (ASX: ZIP) has settled it...

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Marketing

OMG Group sales surge 57pc as matcha craze fuels one of company's strongest months on record

OMG Group sales surge 57pc as matcha craze fuels one of company's strongest months on record

Consumer brands group OMG Group (ASX: OMG) has boosted annual net s...

Zip Co settles trademark dispute with Firstmac, acquiring 'Zip' mark to keep brand name in Australia

Zip Co settles trademark dispute with Firstmac, acquiring 'Zip' mark to keep brand name in Australia

Buy-now-pay-later provider Zip Co Limited (ASX: ZIP) has settled it...

Trust in online content eroding as fake reviews and AI blur the lines, report finds

Trust in online content eroding as fake reviews and AI blur the lines, report finds

More than eight in 10 Australians are worried that fake or manipula...

‘Checkout charity’ requests often backfire, leaving shoppers feeling guilty

‘Checkout charity’ requests often backfire, leaving shoppers feeling guilty

“Would you like to donate $2 to charity today?” If you...

Partner Content

How the New Payments Platform is changing the way we bank
Partner Content
The New Payments Platform (NPP) has significantly changed everyday banking over the l...
JACARANDA FINANCE
Accessible online courses pave path to pandemic recovery
Partner Content
Businesses and organisations across the country are lending a hand where they can dur...
UNIVERSITY OF QUEENSLAND