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 $26 million civil penalty after the Federal Court found the major bank failed to respond to more than 200 o...

Australia's long-term beer decline hits home as Lion plans to close Boag's brewery in Launceston

Australia's long-term beer decline hits home as Lion plans to close Boag's brewery in Launceston

Australia's decades-long decline in beer consumption has claime...

Downer EDI seals $310m Transurban contract to maintain Sydney motorway network

Downer EDI seals $310m Transurban contract to maintain Sydney motorway network

Infrastructure services group Downer EDI (ASX: DOW) has secured con...

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)...

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Truckies and small businesses facing the most pain as payment defaults surge to a high for the year

Truckies and small businesses facing the most pain as payment defaults surge to a high for the year

Australian businesses are facing unrelenting financial pressures, w...

Energy tech Relectrify secures $25m from ARENA for launch of grid-scale battery storage system

Energy tech Relectrify secures $25m from ARENA for launch of grid-scale battery storage system

Melbourne-based energy technology company Relectrify has secured $2...

Cettire lifts profit but loses sales and customers amid global volatility for luxury fashion items

Cettire lifts profit but loses sales and customers amid global volatility for luxury fashion items

Luxury goods e-commerce platform Cettire (ASX: CTT) has manage...

Billbergia seeks state approval to fast-track $2.2b mixed-use development at Concord West

Billbergia seeks state approval to fast-track $2.2b mixed-use development at Concord West

Sydney developer Billbergia is looking to fast-track the transforma...

US-based Air T comes to Rex Airlines' rescue as four more subsidiaries placed into administration

US-based Air T comes to Rex Airlines' rescue as four more subsidiaries placed into administration

US aviation investor Air T, Inc. has agreed to acquire Rex Airlines...

Bizcap acquires US e-commerce funder 8fig in a major step for financier's global ambitions

Bizcap acquires US e-commerce funder 8fig in a major step for financier's global ambitions

Melbourne-based fintech Bizcap has acquired specialist e-commerce b...

‘The right vision and momentum’: Deep-tech incubator Cicada Innovations names Liza Noonan as CEO

‘The right vision and momentum’: Deep-tech incubator Cicada Innovations names Liza Noonan as CEO

Liza Noonan, an executive director at Investment NSW, has been appo...

New research links corporate diversity to better investment decisions

New research links corporate diversity to better investment decisions

When we talk about diversity in business, it’s usually in mor...

Online shopping hits record high of $20.7b in September quarter as more consumers join the fray

Online shopping hits record high of $20.7b in September quarter as more consumers join the fray

Online shopping hit a new high of $20.7 billion in the September qu...

Gold Coast finds itself in the limelight as both location and setting for new feature film The Mark

Gold Coast finds itself in the limelight as both location and setting for new feature film The Mark

The Gold Coast is front and centre as both location and setting for...

RecordPoint fortifies its AI security capabilities through acquisition of Redactive

RecordPoint fortifies its AI security capabilities through acquisition of Redactive

Data management platform RecordPoint has bolstered its capabilities...

Helloworld snaps up remaining 50pc stake in Gold Coast-based Mobile Travel Agents for $36m

Helloworld snaps up remaining 50pc stake in Gold Coast-based Mobile Travel Agents for $36m

Almost a decade after snaring a 50 per cent stake in Gold Coas...

AI in Australia: What businesses should know about the ghost work trend
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Entrepreneurship

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 Y Combinator, securing US$500,000 ($790,000) from the Silicon Valley accelerator to develop personalised...

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 ...

Curtin Accelerate startups secure funding and pilot contracts in fastest cohort progression to date

Curtin Accelerate startups secure funding and pilot contracts in fastest cohort progression to date

Perth-based Curtin University's flagship Accelerate program has...

Mergers and Acquisitions

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 ...

Maggie Beer Holdings secures $10m buyout bid for hampers business it bought for $40m

Maggie Beer Holdings secures $10m buyout bid for hampers business it bought for $40m

Maggie Beer Holdings (ASX: MBH) has received a non-binding indicati...

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Retail

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...

Adore Beauty facing headwinds this quarter but targets 10pc revenue growth in FY27

Adore Beauty facing headwinds this quarter but targets 10pc revenue growth in FY27

Online beauty retailer Adore Beauty Group (ASX: ABY) has revealed t...

 

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...

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Capital Raising & Finance

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...

Ordermentum secures $55m from Five V Capital to turbocharge AI-powered wholesale platform

Ordermentum secures $55m from Five V Capital to turbocharge AI-powered wholesale platform

Sydney-based hospitality technology platform Ordermentum has secure...

Property

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...

NAB backs Central Equity's $1 billion Palmera tower on Gold Coast as construction progresses

NAB backs Central Equity's $1 billion Palmera tower on Gold Coast as construction progresses

National Australia Bank has provided funding for Palmera, a $1 bill...

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

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 ...

Close the Loop offloads US tech services arm for $14m in bid to slash debt and sharpen focus

Close the Loop offloads US tech services arm for $14m in bid to slash debt and sharpen focus

Australian packaging and resource recovery group Close the Loop (AS...

 

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...

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