Remember when busloads of Chinese tourists would rock up at your local supermarket and clear out the shelves of baby formulae which they then sent back to China and sold at a premium? It turns out those guys were pretty important to Australia’s milk powder industry which tanked when international border restrictions stopped them from
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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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While the likes of Stake, Selfwealth and Superhero are fighting for a slice of the investment platform market share at the bottom end, wealth management company HUB24 (ASX: HUB) has emerged as Australia’s fastest growth platform provider by targeting the top end of town. Over the next 30 years, more than $6 Trillion in wealth
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One ASX listed whisky company is pulling a lot of attention this week thanks to a certain CEO, and not for his drinking habits. The Bainbridge ice saga provides a near perfect backdrop for Top Shelf International Holdings (ASX: TSI) to announce their latest deal with Coles Liquor Group. NED Australian Whisky and Grainshaker Hand
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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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Cannabis is having a major moment these past few years, trending in research and trickling down into the retail sector. Medicinal cannabis company Bod Australia (ASX: BOD) has been selling cannabidiol (CBD) food products within the UK for a while now, however recent legislative changes around the substance dictate that manufacturers now require approval to
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Australia’s largest independent operator of regional flight services has noticed a handy win to extend their current contract with Ambulance Victoria by 12 years in a deal valued at more than $300 million to Regional Express (ASX: REX). The deal is on similar terms to the existing contract granted to Rex subsidiary Pel-Air that commenced
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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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It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
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Despite its position as the most recognised wagering brand in Australia, the burden of its wagering division continues to weigh down Tabcorp (ASX: TAH) whose attempts to enter the digital age appear to be futile, having missed the boat by several years. As a result of being leapfrogged by digital-only operators which flurried into Australia
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