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Jack Cornips
Trading Desk Assistant at Emerald Financial
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UNITH delivers eSocial Worker for public health services across 14 countries
Access to high quality medical advice 24/7 will soon be launched in 14 European countries by the Alliance for Public Health (APH) which has delivered its digital human social worker from artificial intelligence company UNITH (ASX: UNT), specialists in AI solutions. The eSocial Worker, is the AI solution sought by APH which issued a public
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Novatti cashing out of Reckon investment, clears debt to simplify payments business
Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances. As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring
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Novatti seizes opportunity in Australia’s cashless transition as revenues rise while expenses drop
Capitalising on the evolving financial landscape where the Reserve Bank of Australia is preparing for legislative changes in line with the direction of a cashless economy, digital payments company Novatti Group (ASX: NOV) has reported strengthened results with both revenue growth and expense reduction. Over the past six months, Novatti has been undertaking a strategic
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Chinese tour groups set to return to Australia as Novatti sees 67% growth in digital wallet payments
A wave of tourists from China is expected to land on Australian shores in the coming months as tour groups return for the first time since before the pandemic. Chinese tour groups contributed $581 million to the Australian economy in 2019, providing a great opportunity for digital payments company Novatti Group (ASX: NOV), which has
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UNITH strengthens Board with addition of Justin Baird, ex-Google and Microsoft technologist
Artificial intelligence company UNITH (ASX: UNT) has turned heads this morning with the appointment of leading tech innovationist Justin Baird who is best known for his work in senior R&D positions with global players that include Google, Microsoft, Accenture and Dentsu. Now based in Singapore after stints in Silicon Valley and around the world, Baird
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Don’t take your hands for granted – how smart devices are increasing the importance of hand health
How much do you spend staring at your phone each day? A 2022 survey of 1058 respondents by finder.com.au revealed that the average Australian spends 150 minutes on their phone per day – that’s roughly 17.5 hours per week! With the accessibility and convenience afforded to us from our devices, it’s impossible to completely detach
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Credit Intelligence issues profit warning, flags $2m write-off and inflationary pressure on lending
Despite rising cost-of-living pressures which would typically be favourable to debt recovery businesses, Credit Intelligence (ASX: CI1) has recently issued a profit warning for FY23, citing struggles from their buy-now-pay-later and SME lending businesses. The warning forecasts a significant net loss of $1.5 million, reflecting a 165% decrease compared to the previous year’s net profit
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Global payments guru Mark Healy to take Novatti to the next level as new CEO
To insiders within the digital payments industry, Mark Healy is a familiar name tied to success, risk management, and global expansion across the fintech world. It’s also why Novatti Group (ASX: NOV) sought him to lead the Company into a new era of global payments growth where the Melbourne-based fintech has established a payments ecosystem
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Novatti presents stablecoin use case at RBA event, performs charitable donation using eAUD
As digital wallets users in Australia have doubled in the last three years, the need to adapt traditional banking systems around digital currency is being explored by the Reserve Bank of Australia, with a use case presented by digital payments company Novatti Group (ASX: NOV) centring around their AUDD stablecoin. The presentation by Novatti was
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Clear path ahead following SenSen and its AI road monitoring tech contracted by NSW Government
With the recent heavy rainfall that led to flooding, causing roads across New South Wales to deteriorate leading to arising concerns due to thousands of potholes appearing, landslide incidents surging and wet weather leaving roads practically undrivable – it was only a matter of time the NSW Government came forward with a solution. Announcing a
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Tripping on psychedelics funded by your health insurance – it’s now a thing
The company at the forefront of the cannabis sector has also ventured into the psychedelic therapy treatment industry, demonstrating a commitment to offer alternative treatments to Little Green Pharma (ASX: LGP) and its subsidiary Reset Mind Sciences, who announced a fresh alliance with Health Insurance Fund Australia (HIF). Joining forces to tackle mental health, the
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YPB Tracer to fight lottery fraud in the US
Are you tired of working hard for your money? Well, some cunning fraudsters in the US have found effortless ways to make quick cash – by counterfeiting winning pull-tab/instant lottery tickets. Employing a number of intricate methods, counterfeiters have adopted techniques such as barcode tampering, fake scratch-off coatings, and even using advanced printing techniques that
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PlaySide Studios reports record revenue, cuts original titles following focus-shift
PlaySide Studios (ASX: PLY) has graced us with their Half Year report. Apparently, they’ve been busy repositioning themselves and refocusing its development team to create new titles for new platforms. The report also reveals that they’re planning to ride the wave of emerging technology, and although they did generate significant revenue during this period, it’s
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UNITH cruises into profitability following Big 5 Tech engagement for its digital humans
With artificial intelligence for mainstream use still in its infancy, most AI companies are years away from profitability. But for UNITH (ASX: UNT), the conversational AI company has already achieved that milestone. For the Half Year ended 31 December 2022, UNITH generated $2.2 million in revenue which delivered 137k in net profit after tax, an
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Tabcorp clawing back market share from online betting companies with app upgrade
Since launching a new app and getting closer towards an even playing field with their online competitors, Tabcorp Holdings (ASX: TAH) has reported a big revenue boost and a surge in profits as the wagering giant claws back from the 2021 COVID lockdowns that decimated their in-venue wagering operations. “Our business has rebounded strongly from
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Vitura Health brand overhaul spells success story with successful results
Leading cannabis company providing a safe and reliable source of cannabis treatment products, Vitura Health (ASX: VIT) has released its financial results for the first half of FY2023, revealing a significant step up across the board following their recent business overhaul finalised earlier this year. You may not recognise the Company or its name just
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Institutional investors back Unith for ChatGPT integration with it’s digital humans
As millions of jobs around the world face the threat of being replaced by ChatGPT and similar generative AI, artificial intelligence company Unith (ASX: UNT) may hold a vital key in advancing mass adoption by being able to give the AI a human face, feeling and emotions. Keen for a slice of the early action,Read MorePublic
Australian Dairy Nutritionals Group infant formula a hot commodity; secures export certification
The Australian Department of Agriculture, Fisheries and Forestry (DAFF) have given the official green light to Australian Dairy Nutritionals Group (ASX: AHF), granting them an significant export certification. This opens up major opportunities ahead for the business, allowing them to take their baby formula into more international markets than previously possible – a big win.
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Treating mental health; TGA approves MDMA and Psilocybin as a medicine
Although it doesn’t apply to me, many of you may remember the early mornings during adolescence when you were throwing yourself around in a club, parading a locked-jaw, and beaming pupils so wide it would be hard to deny that you weren’t on something. Well, chances are, you had consumed MDMA, or if you were
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Spacetalk share rockets higher with former Nearmap CEO taking the reins
Child safety tech company Spacetalk Ltd (ASX: SPA) saw shares more than double in early trading on Thursday, and at the time of writing, has continued to surge higher. The rally followed news that the Company had appointed the former NearMap (ASX: NEA) CEO, Simon Crowther, who will take the helm as Managing Director and
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Media giant NBCU doubles down on PointsBet’s US expansion
Global content powerhouse NBCUniversal (NBCU) and Australian bookie PointsBet (ASX: PBH) are continuing their success story with a two-year extension to their existing five-year, US$500m partnership. The original five-year deal – struck in 2020 – required PointsBet to spend US$90m per year on advertising across all NBC-owned networks, but today has been revised to US$58m
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Cannabis company comeback, Cann Group’s busy few months
This quarter has been a busy one for Australian cannabis distributor Cann Group (ASX: CAN), evident in the Company’s sales revenue figures increasing a tidy 91% from the same quarter last year. But with the release of disappointing trial results following its CBD placebo-controlled study, the Company has had to work against a backdrop of
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SelfWealth revels amid interest rate rises, boots OpenMarkets
Homeowners may be fuming about rising interest rates that prompted an apology by Phillip Lowe, but for online broker SelfWealth (ASX: SWF), it’s kicked them into positive cashflow thanks to an abundance of customer funds being held on the platform. For the quarter ended 31 December 2022, SelfWealth reported $151k in positive cash flow but
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Incannex Healthcare paves the way for novel mental health treatments
Incannex Healthcare (ASX: IHL) has reported interim data from its Phase 2 clinical trials to treat anxiety through the use of psychedelics. Upon completion of the trials, the Company will seek to progress this new therapy and offer renewed hope for individuals seeking non-pharmacological solutions to treat mental health. Psilocybin-assisted psychotherapy has emerged as the
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Little Green Pharma’s roll of fortune – looking ahead to growing European Pipeline
Little Green Pharma (ASX: LGP) has been on a roll this quarter. Increasing cash receipts by 35% from $4.4 million to $6 million, the Company has made strides in its cannabis operations. The influx of revenue was thanks to the first shipment of new strains from Denmark, which earned more than $0.5 million over five
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Bring life to old tyres: Entyr granted patent to recycle rubber tyres
Entyr Limited (ASX: ETR) has achieved a major breakthrough in waste management with its patented thermal desorption reactor process. This revolutionary technology is designed to safely and effectively dispose of end-of-life tyres and help resolve one of the most pressing environmental issues around the world. Leading the way in providing solutions for tyre waste management,
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Star Entertainment shares crushed after NSW propose new casino tax set to cost em’ $364 million
It has been a tumultuous time for the gambling industry in New South Wales already, but for casino operators it could get even worse with the State Government proposing major changes to casino tax rates. Aiming to take another shot at Australia’s second largest casino operator, Star Entertainment Group (ASX: SGR) has been the target
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RBA and ASIC up the ante on blockchain project, ASX writes off millions
The Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
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PlaySide signs deal with Netflix to develop and release Dumb Ways to Survive
The phrase ‘bigger is better’ has never been more appropriate than in the case of PlaySide Studio’s (ASX: PLY) latest venture. After months of negotiations, the Melbourne-based independent games studio has managed to sign a deal with global streaming juggernaut Netflix to develop and release its new game titled Dumb Ways to Survive (DWTS) on
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Casino operator SkyCity sniped by AUSTRAC, exposing serious compliance malpractice
Australia has some of the strictest anti-money laundering and counter-terrorism financing laws in the world. But that hasn’t stopped SkyCity (ASX: SKC) from allegedly committing numerous compliance violations with Australia’s gambling supervising body, AUSTRAC, slamming down on the business and is progressing a civil penalty order to see SkyCity Adelaide in front of Federal Court.
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KTIG awarded multi-year research project by US Navy
K-TIG (ASX: KTG), a leading provider of welding technology solutions, has announced a new research project with Fincantieri Marinette Marine and The Edison Welding Institute. This project has been awarded by the US Navy’s National Shipbuilding Research Program (NSRP) to support the implementation of K-TIG’s groundbreaking technology at a participating shipyard. The research project is
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EchoIQ’s EchoSolv AI tech detects severe aortic stenosis with accuracy
The team at Echo IQ (ASX: EIQ), who have been excelling AI medical tech, is happy to say that their tech can finally detect and diagnose the early stages of severe aortic stenosis (heart disease) following positive results from the clinical study conducted with Beth Israel Deaconess Medical Center (BIDMC), the world-renowned teaching hospital affiliated
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Little Green Pharma gets green light ‘ethics approval’ from TGA ahead of SleepWell study
Cannabis company, Little Green Pharma (ASX: LGP) has been growing its market share all while pleasing investors with its latest announcement that it has obtained an Ethics Approval for its proposed Australian-based, multi-site, placebo-controlled ‘SleepWell Study’ where it will be trialling the Company’s LGP Classic CBD 50 cannabis oil medicine and its effectiveness on stress
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Incannex plugs Eurofin Scientific to kick off research into newly discovered cannabinoid
The pharma company developing therapies for unmet needs with the use of medicinal cannabinoids and psychedelics, Incannex Healthcare (ASX: IHL), has been on the move recently and has engaged Eurofins Scientific to manufacture the Company’s ReneCann therapeutic topical application drug. Eurofins Scientific, which is a French group of laboratories based out of Luxemburg, is a
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Automic to promote Sell My Shares via DigitalX partnership after AGM backlash
Australia’s largest and fastest growing share registry business, DigitalX (ASX: DCC) has signed a three year agreement with Australia’s number one provider of IPO services, Automic Group, to reel investors to DigitalX’s Sell My Shares business. The Sell My Shares online platform, which is wholly-owned by DigitalX, specialises as an online stockbroker where they act
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Qantas beefs up guidance ahead of holiday season bump
Australia’s go-to airline, Qantas Airways Ltd (ASX: QAN) has kept investors happy after advertising a bold $150 million profit guidance jump to $1.45 billion, preparing itself for the upcoming holiday season uptick. Sending company shares back to levels that haven’t been seen for over two years, investors have been quite happy with the second upgrade
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Little Green Pharma winds down German distribution deal
A key player in the global cannabis market, Little Green Pharma (ASX: LGP), has pulled the plug on its German distributor, Four 20 Pharma GmbH, after failing to meet the contract terms to bring a highly-prospective new THC strain to the German medical cannabis market by 19th November 2022. Licensed as a manufacturer, wholesaler, and
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IPO Watch: Nightingale shares tank 34% on ASX debut
Breaking out afresh today, drone security business Nightingale Intelligent Systems has readied its IPO to kickoff its entry onto the ASX, but things haven’t quite gone to plan for shareholders that participated in the public offering. Debuting as ASX: NGL at a price of $0.22, the US-based tech company has been cashing in on the
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Fledgling fintech hopes millennials put their Douugh into micro-investing ‘super’ app
The Australian fintech space has been rapidly evolving the past few years, where on average most individuals across the country have in excess of 6+ fintech apps downloaded and used regularly on their phone. Amongst the Australians that use fintech services, it has become a standard that they typically invest via apps such as Stake,
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Casino hit with second class action linked to money laundering
Star Entertainment (ASX: SGR) faces a second securities class action lawsuit that alleges shareholders were misled by the casino’s gross dysfunctional governance and oversight which led to potential breaches of anti-money laundering (AML) obligations and counter-terrorism financing (CTF) risks. Law firm Maurice Blackburn lodged a claim on behalf of shareholders in the Victorian Supreme Court
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Forbidden Foods unleashes healthy Dino snacks to Amazon US customers
Commencing shortly, American’s can start stocking up on vegan snacks supplied by Australian health food and drink company, Forbidden Foods (ASX: FFF), following the successful rollout of its flagship Amazon US online store Blue Dinosaur, pushing its health & wellness product range. Securing its presence on the world’s largest e-commerce site, the health food Company
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HitIQ scores with Premier League contract, looks to raise $6.35m
Gaining traction with commercial agreements and increasing revenue, concussion and mouthguard technology business HitIQ Limited (ASX: HIQ) announced a paramount two-year software licence agreement with the English Premier League tied in with another capital raise seeking to raise up to $6.35 million. One of the biggest issues facing the Premier League and contact sports is
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BlueBet to gamify gambling and sportsbetting with free betting games
Are you sick of the constant barrage of ‘Bet with Mates’ ads flowing from betting moguls like SportsBet and PointsBet? Well, unfortunately for us their strategies are being replicated again as the latest announcement from industry copycat BlueBet (ASX: BBT) revealed a strategic investment in UK-based Low 6 Limited, in order to support its growth
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Copycat BlueBet punts cash burn on customer acquisition
Attempting to secure a long-term presence in the Australian wagering industry and pierce the US market with little success, online bookie BlueBet (ASX: BBT) has turned the ante up to acquire new customers at the cost of heavy cash burn – while promoting its offerings to all Australians during our largest annual sporting events. Reaching
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Restaurant Brands recuperates Covid-19 losses, clearing a route for growth
New Zealand-based corporate franchisee, Restaurant Brands (ASX: RBD, NZX:RBD) who operates brands such as KFC, Pizza Hut and Taco Bell, has reported its total sales for the third quarter ended September 30, 2022. The fast food conglomerate who operates in New Zealand, Australia and the US, has been clawing back to profit after the Company
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Blumenthal inhales 30% of Roots cap raise, looks to burn Creso history
Roots Sustainable Agricultural Technologies (ASX: ROO), who develops adaptable technologies to tackle critical problems faced by the agricultural and cannabis industry, entered a trading halt yesterday in preparation of a Capital Raise announced today. For the Placement, Roots is committed to raising A$650,000 via a Placement which will be exclusively reserved for professional and sophisticated
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CEO takes 50% pay cut amid unclear future
The chief executive officer of research and development company Wellfully (ASX: WFL) has taken a 50% pay cut amid pressure from shareholders, questionable financials and a declining share price to historic lows. If the name hasn’t hinted at it yet, Wellfully is a wellness company involved with the science of magnets and adopting them into
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Complete Creso Pharma business overhaul to dissociate from tainted history
To distance themselves from a plagued past, cannabis company Creso Pharma (ASX: CPH) has announced a complete business overhaul and rebranding to pave the way for growth and any future mergers and acquisitions (M&A) opportunities. To kick off the revamp, Creso has appointed two new board directors to bolster its growth strategy to achieve global
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Amazon partner Scout Security hits Australian market
Although listed on the ASX, Scout Security (ASX: SCT) products aren’t accessible to Australians. Today, the Company is over the moon to announce that it will begin distributing its cameras nationwide via Amazon.com.au. Marking this as the first step into the Australian market, the Company will launch its A$59.99 HD indoor and outdoor camera, which
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Lumos FDA appeal rejected yet again
One of the punching bags of the ASX, Lumos Diagnostics (ASX: LDX), which develops diagnostics for healthcare professionals to more accurately diagnose and manage medical conditions, has announced the closure of its Sarasota manufacturing facility in Florida as they shift operations across the country to Carlsbad, California. The decision to close one of its sites
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Kids’ wearables company Spacetalk launches JumpySIM operations in Australia
Smartwatches, earbuds and other tech wearables have seen strong growth in the last few years as big brands like Apple and Samsung have compacted the capabilities of smartphones into something that you can wear on your wrist. The ‘wrist revolution’ prompted the development of a smartwatch that is child friendly, but that can also provide
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Botanix files new drug application with FDA to alleviate excessive sweating
The Company developing treatments for skin infections and diseases, Botanix Pharmaceuticals (ASX: BOT), has filed a New Drug Application (NDA) submission with the US Food and Drug Administration (FDA) for its Sofpironium Bromide product. The submission will seek FDA approval for the treatment of primary axillary hyperhidrosis. Hyperhidrosis is a rare disorder characterised by excessive
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Althea launches highest-concentration cannabis medication
Growing in areas that matter, cannabis medication producer Althea Group (ASX: AGH) has been increasing its global distribution offerings with the launch of its latest products; the Althea CBD25 soft gel capsules and the THC25 dried flower. Product development is the cornerstone of market share leadership in an industry still in its infancy. With the
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IOUpay commences major partnership with Malaysia Bank
Despite many investors fleeing the industry, Buy-Now-Pay-Later (BNPL) buff IOUpay (ASX: IOU) is doubling down on its strategic plan to pursue large telcos and corporates in South-East Asia via a Marketing Collaboration Agreement (MCA) signed today with the Bank Simpanan Nasional (BSN) to promote the Company’s ‘myIOU’ product across Malaysia. As part of IOUpay’s strategic
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PointsBet completes first bet in Maryland, driving US expansion
The North American sports betting industry continues to scale to new highs as punters in Maryland have now gained access to sports betting with PointsBet (ASX: PBH), which continues its national expansion. Punters from Maryland have recently seen a considerable change in their access to retail sports betting following new legislation signed by Maryland Gov.
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REJECTED: Tyro Payments shruggs off $658 million takeover bid
The board of digital payments company Tyro Payments (ASX: TYR) has politely rejected a $658 million takeover bid from Potentia Capital Management and its consortium, where the unsolicited offer values the Group at $1.27 per share, a 30% premium above yesterday’s close price of $0.985. The tech-focussed consortium comprises HarbourVest Partners, MLC Investments and the
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Archer Materials chipping away at quantum computing
One of Australia’s most watched chip developers, Archer Materials (ASX: AXE), has joined forces with semiconductor manufacturer GlobalFoundries to advance its quantum chip technology. The two companies will be working in partnership to develop Archers’ ¹²CQ quantum chip technology and scale up manufacturing. Archer will be utilising GlobalFoundries’ facilities and production processes to explore the
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iCandy sweeps shareholder dilution under the rug with 1600% revenue bump
Independent game developer iCandy Interactive (ASX: ICI) has attempted to win over the hearts of investors with its latest half-year results, revealing a record revenue increase of 1600%, hoping investors don’t realise it was entirely acquired at the expense of shareholders. For the half-year report that ended 30 June 2022, iCandy raked in $15.9 million
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Melbourne game studio no longer playing on the side
Australia’s largest publicly listed video games developer, PlaySide Studios (ASX: PLY), has delivered a record year today in another period of consecutive growth. PlaySide has hit records across the board; commercial revenue came in at $29.24 million, a significant increase of 169% from $10.88 million in FY21. Record EBITDA of $5.9 million, was up slightly
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Early bird gets the worm – finance on-demand service gaining market share in a year of solid growth
Australians have witnessed the birth of a service that allows them to access their payday ahead of time via an advancement, bypassing banks with a service striving to operate similar to payday lenders but with fewer fees and shorter repayment timeframes. With several ‘pay advance’ companies popping up recently, it was only a matter of
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More chips, more products, more revenue as Audinate booms
The tech company looking to revolutionise the AV (audiovisual) space, Audinate Group (ASX: AD8), has today delivered record revenue and EBITDA along with its endeavour to overcome global supply chain issues. Throughout COVID-19, the world came to a standstill during one of the worst supply-chain crises in history. In particular, businesses acquiring semiconductor chips had
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Stockland of plenty – Property giant reports strong results against market forces
Despite a construction industry crisis that affects several sectors that property company Stockland (ASX: SGP) operates in, the diversified project builder has announced a bumper FY22 result underpinned by $1.38 billion in statutory profit. For the full year ended 30 June 2022, Stockland’s $1.38 billion profit represented a 25% increase on FY21. Funds From Operations
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US Government Agency engages XTEK for $2.7m of bulletproof armour
Continuing a hectic few months of purchases with US gun control controversy in the background, defence and armour specialist XTEK (ASX: XTE) have received a $2.7m purchase order from a US Federal Government Agency customer, for products from its HighCom Armour Solutions business. The items requested in the order include thousands of specialist body armour
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The company making it possible to cultivate in any environment
Globally, exhausted soils and rising crop prices have driven scientists to discover methods of cultivating food with as few resources as possible and even in the harshest environments. In particular, the Middle East and Dubai have seen a significant boom since the 1960s, from what used to be a small collection of settlements to an
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eCargo dumps most profitable asset
Just months after announcing their first ever profitable year, eCommerce middleman eCargo Holdings (ASX: ECG), which connects Chinese companies to global brands to grow sales, has announced today the sale of its only profitable business – Amblique. eCargo, trading on the ASX with a market cap around $10m, works by providing a complete set of
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Getting taken for a Jayride, as airport rideshare looks for growth
If you’re anything like me, you probably have all the ride-sharing apps downloaded to your phone because you’re the type of person to get upset if you overpay even a few dollars for a short trip when you could’ve gotten it cheaper. This bargain-hunting behaviour comes into play and shines the most when travelling, especially
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Megaport positioning themselves for a profitable future, cuts 35 staff
Telecommunications infrastructure company Megaport (ASX MP1), has announced their full-year results today along with updating the market on their struggles with inflation. To deal with these macroeconomic issues, Megaport management recently made the decision to lay off a total 35 positions across its business. To remove liability, the Company paid out a total of $1.6
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Emerge Gaming returning value to investors with latest agreement with MTN Arena
E-sports and gaming technology company Emerge Gaming (ASX: EM1) has announced that African telecommunications Company MTN Arena (JSE: MTN) has invested yet again in Emerge as the Company attempts to move away from the Miggster mess which saw the company stuck in a prolonged trading halt earlier this year. The investment by MTN, which is
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Eco-friendly Fibre Company Locking in Solid Results
Australian-based bio-materials technology Company Nanollose (ASX: NC6) has announced its quarterly results today, as a show of its advancements in the textile industry and its revolutionary development of eco-friendly material. Nanollose has spent the last few years attempting to penetrate the $500 billion textile industry by developing eco-friendly processes to grow cellulose fibres from waste
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PlaySide Studios launches publishing house for indie game developers
Australia’s largest video game developer, PlaySide Studios (ASX: PLY), has launched its third-party publishing division today to enable independent (aka ‘indie’) PC and Console game developers globally to create and launch their video games. “We are thrilled to introduce our publishing division and provide best practice and support indie game developers bringing their games to
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Silk Contract Logistics expands operations nationwide
Getting goods to consumers from the other side of the planet depends on reliable logistics to reduce time and costs, ensuring customer satisfaction. Logistic companies have been struggling to manoeuvre through the recent COVID-19 supply chain crisis that is still going on to this day. For the last few years the world has had to
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Does IP ownership of MDMA compounds reduce its potential for healthcare benefits?
If you read my articles often, you would know that I can become quite laudatory when discussing small cap companies excelling in recreational drug regulation and using once illegal drugs to treat various mental health conditions and illnesses. Ranging from cannabis to psychedelics, and now, MDMA. Most of my articles surrounding this area follow the
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Jumbo Interactive shares crunched with price hike looming after CEO sell down
When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The
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Property group in the works to expand off the mainland
As covid has made us all consider whether we want to be surrounded by either concrete trees or the pristine nature of the wilderness, many have taken it upon themselves to move as far away from civilization as possible to live out the rest of their lives somewhere more peaceful and wholesome. As a result,
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Althea Group delivering record year following expansion into global markets
The cheers of the cannabis industry can be heard loud and clear as the demand for the plant continues to prop up their profits. The last few years have been huge for the industry as companies attempt to strengthen earnings by out-scaling competitors. One company hoping to come out on top is Althea Group (ASX:
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RocketBoots accelerates its launch of Beehive with Suncorp contract extension
Software company RocketBoots (ASX: ROC) has extended its multi-year contract with Suncorp Group Ltd (ASX: SUN) for an additional two years until 2025 after proving the success of their flagship software product Beehive. The contract was initially lined up to last 12 months, starting on 16 March 2022, when Suncorp approached RocketBoots to deploy its
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ECS penetrates New Zealand market with latest shipment to Nubu
The budding cannabis market in New Zealand continues to flourish as more Kiwis seek an alternative to standard pharmaceutical drugs. Now, just because trends are shifting doesn’t mean it is easier for patients to gain access to cannabis medication. To open up the world of cannabis therapy, New Zealand’s largest cannabis wholesaler is creating a
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This medtech company might be on life support but it’s elderly customers can avoid such fate
Access to healthcare is a given in Australia if you live in a big city. Still, remote living is much more burdensome for our rural neighbours if you have a disability or plan to spend your senior years far away from any civilisation. To make it possible for people to live out their tree change
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Bod unveils its latest launch of cannabis treatment
Changes in regulation surrounding marijuana have sprouted a robust medical cannabis market showing no signs of slowing down globally. Currently, the U.S. dominates the cannabis market where the majority of States started adopting the new trend for cannabis treatment in 2012. Australia has been late to the game; we only began easing laws in early
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Satellite data company signs deal with U.S. Navy
Currently, over 8,900 satellites are travelling at 27,000km while they orbit our tiny blue planet. This amount of satellites has increased more than four-fold in the last three years as Companies race to have their technology in our skies. The military capabilities of satellites have been exploited since the first satellite launch in the 1950s,
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Mighty Kingdom drops Ava’s Manor as it shifts focus to more promising adventures
Having to come to terms with hard truths, Mighty Kingdom Ltd (ASX: MKL) today has decided to cut ties with the development of their ‘Ava’s Manor’ video game as it shifts focus to higher-potential projects. Mighty Kingdom initially began co-developing ‘Ava’s Manor’ with its publishing partner, Uken Games, before its launch in November 2020. The
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Delta rolls out drones at Red 5 mines following successful gold pour
Drones-as-a-service provider Delta Drone International (ASX: DLT) has secured a contract with Australian gold producer Red 5 Ltd (ASX: RED) to provide drone powered aerial surveying services to two mines located in Western Australia. The three year contract will see Delta’s drones flying over several mines operated by Red 5’s subsidiary, Greenstone Resources Ltd (ASX:
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Cybersecurity software safeguarding the biggest companies in the Asia Pacific
Collaborating and sharing files remotely has become the new norm as the world records record numbers of employees deciding to work from the comfort of their own homes. Whether it is a large corporation or a small business, sharing files through the net comes with a certain degree of risk. With this, and the vulnerability
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Shifting focus as Healius remains on guidance
With global markets in a lull, the ASX closed slightly higher this week with some optimism. On the other hand, healthcare company Healius Ltd (ASX: HLS) has sunk more than 28% since the start of the calendar year. Today’s 8% sell off can be directly attributed to the trading update that the Company released, where
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Phase II begins for FirstWave’s cyber defence platform
Cyber crimes worldwide have been getting worse as the internet gets better, with reports from the national cybersecurity agency in Australia reporting cybercrimes increasing 13% in 2021, with an incident occurring on average every 8 minutes. As new attack methods and vectors, and the use of sophisticated AI evolve, the average business loss from email
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Now you see me, ClearVue and Nodis powering glass for US Air Force
ClearVue Technologies Ltd (ASX: CPV) and smart glass company Nodis Pte Ltd have signed a collaboration agreement to engineer an electronically controlled window solution for the US Air Force. The Companies have undertaken a first phase evaluation for the US Air Force at Tyndall Air Force Base in Florida trialling Nodis’ dynamic switchable glazing powered
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Nanollose’s bio-materials adopted into $500 billion textile industry
Contrary to what many think, cotton production is not great for the environment. Being one of the most popular materials, cotton is used in nearly half of all textile production and is known as the most profitable non-food crop globally. However, conventionally-grown cotton has proven insufficient for the planet because of its high water consumption
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Blazing clinical trials prove successful to launch new cannabis product
When you think of cannabis treatment, the first compounds that come to mind are THC (tetrahydrocannabinol) and CBD (cannabidiol). With both research and development excelling for both, researchers have discovered other less-known compounds that have significant health benefits. Medicinal cannabis drug development company Bod Australia Ltd (ASX: BOD) has successfully completed a proof of concept
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Scout ramps up home security subscriptions in white-label service
Home security provider Scout Security Ltd (ASX: SCT) has continued to gain momentum announcing increased platform subscribers through its white labelled home security solution. The news comes a few months after the launch of its Kinetic Secure Home product into the US communications market. The Kinetic product is a white-label product that includes a security
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Free weed for the leprechauns as Althea Group enters Ireland
The burgeoning arms of cannabis treatment have made their way to Ireland, with regulators easing restrictions which has increased the amount of qualified retailers. Currently, there is a limited number of cannabis retailers in the Republic of Ireland. Today, Althea Group Holdings (ASX: AGH) has been granted a rare opportunity to enter the Irish cannabis
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Large-scale 3D printer to supply Australia’s power plants
The first iterations of 3D printing can be traced back to the early 1980s, when product designers were on a mission to develop a rapid prototyping system. By coming up with a layer-by-layer method for manufacturing that could process extremely fast with great accuracy, 3D printing was able to evolve into something that the everyday
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Plenti to come, Plenti to see
With the economic environment in the midst of raising interest rates and central banks attempting to dampen inflation, investors have been keeping an anxious eye on Australian lenders to see who will hit profitability sooner and avoid bad debts arising from raised rates. With this in mind, loan-only businesses have been racing to scale up
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MPower acquires Lakeland in $8m deal
Australia’s renewable energy company MPower (ASX: MPR) has continued to accelerate growth, with them announcing that they’ve entered a Share Purchase Agreement with Kawa Australia Developments Pty Ltd to acquire the Lakeland Solar & Storage Project which is located in Cooktown Shire, North Queensland. The transaction will be worth $8m – with the Project expected
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ASX blockchain project stumbles…again
The ASX blockchain-based replacement for its clearing and settlement system CHESS has been delayed yet again this week for the fourth time. The major project undertaken by the ASX five years ago is still showing no signs of completion. Followed by delay after delay – it appears that this is one of the longest and
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Delta Drones granted rare operating licence for commercial drone services
Initially used primarily by the military and the average hobbyist, drone technology has been refined for commercial applications. There have been use cases in wildlife conservation, security to conduct surveillance and increasing interest from logistic providers as a courier service. Lately, there has been elevated interest from the mining and agricultural industry in obtaining aerial
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Airtasker locks in purchase agreement with OneFlare
Have you ever wanted to paint your walls or pull the weeds out of your garden, and you just can’t be stuffed? Australia’s No.1 marketplace for local services, Airtasker (ASX: ART), allows you to delegate your laziness for a fee to strangers that want to get the job done for you, basically the Uber of
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Vection Tech removing the green screen with virtual reality
Most of today’s cutting edge films were made with technology that didn’t exist in the early days of cinema. From the classic black and white movies to the now CGI heavy films, there have been giant leaps forward in how we produce films. Taking us to the next step, Australian tech company Vection Technology (ASX:
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Meta Platforms returns to user growth
Social media giant Facebook and its parent company Meta Platforms issued quarterly results reflecting that daily active users (DAU) were finally making a comeback. This pleased investors, which saw shares rise about 18% in after-market trading, with the stock sitting at $207 per share. After leaving investors wary that Meta was losing momentum in the
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Atomos seeks subscription revenue with new cloud video products
With the world balancing out their work at home life with days in the office, professional video editors and content creators have struggled to decide where to edit their videos. If you edit your videos at home, it is almost impossible to go to work and finish editing because of the difficulties in sharing a
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Bagging the past, SECOS are moving forward with biodegradables
Australia’s move to ban plastics from slowing down the environmental impact of humans has gained momentum in the last few years. Plastic bags at your local Coles or Woolworths were removed in 2018, then just last year, single-use straws were phased out of existence – as a result, your milkshake now has a cardboard straw
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Little Green Pharma locks in major sales agreement with German cannabis company
Australian medical cannabis company Little Green Pharma (ASX: LGP) has reached a major offtake agreement with Demecan to distribute cannabis products across Germany. With the German medical cannabis market estimated to be worth €7.7bn (A$11.2bn) by 2028, this opportunity marks a massive milestone for the Company. In July 2021, LGP acquired a world-class cultivation site
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Affiliate marketing company iSynergy taking leaps in new technology development
Affiliate marketing has proven to be very profitable and helpful for businesses to get products out the door and into the mind of buyers. Many companies worldwide are using it right now to grow their business by referral with incentive. iSynergy (ASX: IS3) steps into this scene with a developed online network that bridges the
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Emerge Gaming hits 1 mil new subscribers for MTN Arena following 3 month suspension
With the recent popularity of the Metaverse – the internet is turning into a 3D reality, making all other forms of the internet on the path to being obsolete. Game developers have been competing to be at the forefront of design and development to create products that fit into this new world. Emerge Gaming (ASX:
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K2 shares Fly as Maptek acquires strategic stake verging on takeover territory
The Australian landscape is dominated by extensive miners all over the continent, so making sure that their operations and reporting run smoothly becomes a vital part of their existence. K2fly (ASX: K2F) steps into this scene as a leading provider of platform-based SaaS cloud solutions to some of the largest miners, including Rio Tinto, Fortescue
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Un-Z1P your pants and dip into this
There has been a monumental shift within the buy now, pay later scene with companies consolidating in a recent blitz of mergers and acquisitions. Confidence in this sector has been diminishing as big players like Z1P (ASX: Z1P) have come back to earth, falling as much as 90% since their all-time highs. Following the Block
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Tabcorp demerger: Lottery industry set for shake up as Jumbo founder sells down
In August 2021, Tabcorp (ASX: TAH) and Jumbo Interactive (ASX: JIN) formalised a long-term extension of their reseller agreement which would enable Jumbo to continue selling lottery tickets online through their OzLotteries platform. Following on from that, Jumbo reported almost 200k new active customers which took their total to 836k with business appearing to be
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Gladiator and Zeus join forces with MSA Group for Tanzanian Uranium exploration
As the rest of the world distances themselves away from Russia, we have witnessed an economic impact that has caused various commodities prices to spike amid ideological decisions by Western nations to scale down their dependency on Russian supplies. One of those commodities is uranium, whose spot price is one of its most bullish runs
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Kicking goals on all fronts, Catapult extends AFL Champion Data deal by three years
Sports data and analytics company Catapult Sports (ASX: CAT) is set to expand its relationship with Champion Data in a three-year deal to supply the Australian Football League (AFL) with performance analytics. After advancing their Vector SaaS technology with applications in NFL and soccer, Catapult is now increasing its service for Australia’s most popular sport.
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A tale of investment advice, Equity Story seeks $4.5m for IPO chapter
In an IPO slated to list on 18 March 2022, Equity Story Group (proposed ASX code: EQS) is looking to raise $4.5 million to fund their expansion in the burgeoning share market education and investment advice space, coming up against industry stalwarts like Eureka Report, Switzer, Halo Technologies, and Motley Fool. Equity Story is differentiating
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Investment Platformer Halo Technologies heads for IPO
Australian fintech company Halo Technologies is preparing to list later this month, aiming to raise up to $40 million at an issue price of $1.20 per share. Halo operates in the global wealth management industry, assisting retail and wholesale investors to analyse and manage investments through software solutions. Founded in 2017, the Sydney and Melbourne-based
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Damstra tech partnered to assist with Melbourne’s North East Link upgrade
Melbourne-based Damstra Technology (ASX: DTC) has been appointed as a tech partner on one of Victoria’s most extensive road projects, led by Spark Consortium. Damstra is a global technology company that operates various software products that assists with security and communications for mining, construction, government and education industries. Spark Consortium comprises eight different partnerships contracted
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Wisr locks in 22nd consecutive quarter of growth, revenue increases 163%
Big 4 backed non-bank lender Wisr Limited (ASX: WZR) reported revenues of $26.2 million, which grew 163% from $10 million recorded in the previous corresponding period (pcp), driven by new funding partners and a surge in auto lending and personal finance. Having now achieved 22 consecutive quarters of growth, the Company is on track to
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Putting the Block in blockchain
While blockchain technology is still a mystery for most people today, many companies are taking advantage of the opportunity and are jumping on board. Bitcoin has transitioned from being used by deep web nerds and online drug dealers to being a facilitator of payments and currency that millions of people assume to be the future
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Woolworths wage rort bill now upwards of $500 million
One of Australia’s largest supermarket chains, Woolworths Group (ASX: WOW), has admitted that staff underpayments have accumulated over half a billion dollars following their ‘end-to-end payroll review’. It may not be the end of it though, as they warn more discrepancies may be found. To assure that their staff and employees are receiving their rightful
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Coles investing $150m in robots to replace your child’s first job prospect
Bad news has gone hand-in-hand with supply chains these days, with shortages of everything from computer chips to toilet paper. But in better news, more companies are innovating fixes that could help prevent these kinds of disruptions from becoming the new normal. One company taking the lead via new technology is Coles Group (ASX: COL),
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BlueScope Steel posts best earnings in its history
Australian-based steelmaker BlueScope (ASX: BSL) has posted its best first half-year performance in its 20-year history. The earnings were bolstered by increased demand from building and construction in the US and Australia for steel, which has delivered significantly higher margins, reflecting the higher iron ore market. The Company booked a net profit after tax of
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ViacomCBS to re-brand as Paramount, targets 100 million streaming customers by 2024
For more than a century, the name Paramount has been synonymous with some of the world’s most well known cult classics and even pioneered through the Golden Age of Hollywood. In a surprise move this morning, ViacomCBS (NASDAQ: VIAC) in the US revealed that it was officially changing its corporate name to Paramount Global, or
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NFTs explained, how ASX-listed companies are minting NFTs in lieu of capital raises
If you are a Melbournian, you will remember about nine years ago when you walked through Flinders St Station and heard a song to the tune of “set fire to your hair” and “poke a stick at a grizzly bear” along with this, you would have been inundated with humanoid looking ‘bean’ characters posted everywhere
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Blackstone locks in $8.9bn takeover offer for Crown Resorts
US private equity firm Blackstone Inc. has won the bidding war to acquire Crown Resorts (ASX: CWN) in a massive $8.9 billion takeover offer. Through this agreement, Blackstone will purchase all shares in Crown for a price of $12.50 per share through a Scheme of Arrangement. This offer is higher than the previous bid submitted
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What caused Meta shares to plunge?
Facebook, now Meta, is the company everybody loves to hate. With that in mind, it’s easy to see why the events last week brought such delight to many people. Meta’s market cap dropped by 26%, erasing USD $240 billion worth of value – this was the single most significant market cap drop in history for
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Jade Gas Holdings strikes deal with Mongolian Government to drill for gas
Mongolia has an abundance of coal deposits, making it the subject of significant exploration for coal bed mining, also known as coal seam gas (CSG). Despite this, the nation depends on two neighbours, Russia and China, for energy supplies, which means CSG development is quite valuable for the country’s energy independence. With record gas prices
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Little Green Pharma to demerge its medicinal psychedelics business
There is an increasingly growing body of research globally into the use of psychedelic medicines to treat various health conditions. To date, this research has produced highly encouraging results and has promoted the development of an extensive psychedelic industry, which has kicked off in North America and the United Kingdom. The industry has now made
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Interest rates creating tense competition for the Big Four
After the Reserve Bank of Australia (RBA) announced that they were not increasing interest rates, banks are starting to feel less optimistic about the economy. Australia and New Zealand Banking Group (ASX: ANZ) has unveiled an essentially flat quarterly update today, following a similar update from Westpac (ASX: WBC) last week, saying net interest margins
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Investors bullish on Amazon with price increase for Amazon Prime coming
Weeks after Netflix raised its subscription prices, Amazon (NASDAQ: AMZN) is set to jump on the bandwagon and bump up the cost of its Amazon Prime membership, which was announced alongside its December quarter earnings as investors responded well to the margin hike. The cost of an Amazon Prime membership, which gives the customer free
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Shares drop 24% aftermarket, is Meta the next quarterly earnings pariah?
The social media giant Meta Platforms (NASDAQ: FB), formerly known as Facebook, issued disappointing guidance for the first quarter in addition to also falling short on its previous quarter user numbers and profit, leaving investors curious about the future of the company. Pivoting from the classic Facebook website and app, the Meta rebrand aims to
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Veris sells mining infrastructure company Aqura Technologies to Telstra
Cashing in on a business they have been incubating since 2016, microcap surveying company Veris (ASX: VRS) has reeled in a big fish via their sale of telecommunications subsidiary Aqura Technology to telco powerhouse Telstra (ASX: TLS) for $30 million. The $30m sale represents approximately 98% of Veris’ market capitalisation prior to the announcement. Since
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Console wars heating up as Sony acquires Bungie in $3.6bn game development coup.
Following last week’s blockbuster acquisition that saw Microsoft Corp acquire Activision Blizzard for USD $69 billion, Sony Interactive Entertainment matched it with their own takeover, acquiring independent game developer Bungie for USD $3.6 billion. Upon settlement of the acquisition, Sony will have exclusive access to one of the most popular first-person shooter games which can
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Apple beats expectations adapting to the global supply chain issues
Apple Inc. (NASDAQ: AAPL) exhibited their first quarter results on Friday, beating out analyst expectations, showing that the tech giant was able to navigate the global supply chain issues and profit off their new products, including the iPhone 13, new MacBooks, and the Apple Watch Series 7. Sales for the first quarter ending December 25
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Kogan.com shares crunched as supply chain woes accelerate downward spiral
Despite the massive surge in online shopping brought upon by the pandemic and subsequent lockdown restrictions, the market has not reacted well to an update from online retailer Kogan.com (ASX:KGN) whose shares tumbled amid profit downgrades. With supply chain disruptions crippling global commerce, some retailers have had a hard time sourcing inventory but in the
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Caught out by stakeholders, Rio Tinto settles Mongolia class action waiving $2.4bn and more
Despite Rio Tinto (ASX: RIO) originally saying the class action lawsuit brought against them over their Mongolian copper-gold project had no merit, the mining giant has agreed to settle the suit acknowledging that they hadn’t disclosed massive costs and delays for the project Rio Tinto operates the Oyu Tolgoi mine in Mongolia via its Canadian
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BetMakers extends data rights for fixed odds betting on New Jersey horse racing
Wagering tech company BetMakers Technology (ASX: BET) is in the midst of sparking a fixed odds revolution in the US with licenses and partners now in place to introduce fixed odds betting in the State of New Jersey for horse racing. The exclusive rights to offer fixed odds betting in the State was granted by
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A loose FAANG in the mouth of American tech
Investors kept a keen eye on the tech sector overnight as Netflix (NASDAQ: NFLX) released their fourth quarter results with the lasting impact of a pandemic tipped towards the online streaming behemoth. Netflix has been crowned as one of the most benefited ‘stay-at-home’ stocks during this post-pandemic world, but their reporting outlook proved otherwise. The
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Zip blocks out external noise with record revenue as Aussies BNPL over the holiday season
Cashing in on the busy retail season, buy-now-pay-later company Zip Co (ASX: Z1P) set a new quarterly record as Australians use the popular app over the past few months leaving repayments as a matter for future-self. With interest picking up around their platform, they have signed on 10 million new customers and a total of
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Microsoft locks in deal to acquire gaming giant Activision Blizzard
Microsoft Corporation (NASDAQ: MSFT) is set to acquire Activision Blizzard Inc., one of the world’s largest game developers and interactive entertainment publishers. The proposal is for US$95 per share, valuing the transaction at US$68.7 Billion. As the younger generations get older and become more enveloped in a virtual life where everybody is connected through either
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