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  • Seven winning the ratings war but financial struggles mount

    One year into his appointment as the hopeful savior of Seven West Media (ASX: SWM), CEO James Warburton is delivering on his incredibly difficult task of turning the media giant’s fortunes around, with a return to the top of the Ratings charts. Although it may seem a rather simple strategy of rehashing old reality shows,

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  • Northern Minerals settles ATO dispute with $21 million write-off

    The first producer of heavy rare earths in Australia, Northern Minerals (ASX: NTU), is set to finally resume business as normal having reached a settlement with the Australian Taxation Office over a claim that dates back to 2016, albeit conceding $21.3 million in the process. The dispute relates to Research and Development expenses incurred by

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  • Bubs clears regulatory pathway with breakthrough China collaboration

    With trade tensions between Australia and China bubbling, dairy products company Bubs Australia (ASX: BUB) has mitigated their potential risk exposure through an agreement with China-based Beingmate which will package and mass distribute their 100% Australian goats milk formula. In particular, the collaboration will seek a State Administration for Market Regulation (SAMR) brand slot which

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  • Rent negotiations reach boiling point as Westfield padlocks 129 Mosaic stores

    After months of negotiations brought upon by the coronavirus pandemic, Mosaic Brands (ASX: MOZ) has had 129 of their retail stores temporarily closed by Scentre Group (ASX: SCG), the operator of Westfield shopping centres.  The tough decision comes after months of underpayment in rent from Mosaic whose retail stores have been severely depleted of foot

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  • Simble bringing end to pesky energy telemarketers with non-invasive comparison app

    We’re sick of them. Australian’s are sick and tired of being harassed by telemarketers offering to compare our energy bills with the promise of savings. If you don’t hang up on them within the first 30 seconds, they’ll waste an hour of your time before mentioning costly disconnection fees, before calling you up again in

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  • Citibank to offer ‘friendship’ in hope of getting $900 million refund after blunder

    Normally when you enter the wrong bank account details for a payment, it gets bounced back but Citibank employees were not so lucky after transferring $900 million to a loan account for Revlon and lenders refusing to send the money back. Stuck in a difficult position, representatives of Citibank have commenced legal proceedings to recoup

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