SA Business Journal

NoQ iPhone app launches

SA franchises Bean Bar cafe, Marcellina Pizza and Wokinabox have thrown their support behind NoQ - an Adelaide pre-order and pay iPhone app.

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Vinomofo deal-a-day site expands

HINDMARSH deal-a-day wine website Vinomofo has more than 20,000 members and winemakers lining up to sell on its 5-month-old site.

Australian miners up ante in Africa

INVESTMENT by Australian miners and explorers in Africa has surged to $18.8 billion and more is in the pipeline, Foreign Minister Kevin Rudd says.

Renewable investors head down under

AUSTRALIA has been named the 12th-best global jurisdiction for investment in renewable energy.

Image Digital arm goes under

THE Victorian arm of Roger Tidmarsh's printing venture has collapsed after the loss of a key contract.

TWT Group profit below forecast

ADELAIDE-listed Chinese manufacturer TWT Group says distribution costs and finance expenses have wiped out the benefits of improved margins.

Beach Energy makes $97.4m loss

COOPER Basin floods, legal costs and a higher $A plagued Beach Energy earnings, creating a $97.4m loss in the year to June 30, from a previous $33m profit.

Ellex falls $700,000 into red

CLOSURE costs on a US plant and a high $A placed Adelaide-based device maker Ellex Medical Lasers $700,000 into the red last financial year.

Coopers Anchors to US deal

COOPERS Brewery has teamed with "like-minded" San Francisco-based brewer Anchor Brewing Company to boost its US beer sales.

Franchises outpace private business

FRANCHISES outpaced their non-franchised cousins in both sales and profits last financial year and forecast stronger results for the next three years.

Signostics wins $1.9 million grant

THEBARTON firm Signostics expects to launch its second generation hand-held ultrasound device to US, European and Australian markets in 2012.

Digislide draws revenue from grants

ADELAIDE technology firm Digislide has made almost as much from consulting as from its product sales, but both have been overwhelmed by government grants as a revenue source.

MGM Wireless makes record profit

SCHOOL communicator MGM Wireless has lifted its annual profit by 27 per cent to a record $256,944 as it grew its school clients in Australia and NZ.

Aspen extends profit by 39 pc

ASPEN GROUP, the developer of what will become Adelaide's largest office building, has reported a 39 per cent increase in full-year net profit.

Jewels in the crown for Gerard

THE jewellery industry has provided a fulfilling career for Gerard McCabe and he expects it to get better when the mining industry gears up in SA.

Fuel and disasters hit airline Rex

HIGHER fuel prices and natural disasters impacted on profit for domestic airline Regional Express Holdings (Rex).

Close ties in Havilah/Geothermal bid

JUNIOR explorers Geothermal Resources and Havilah Resources have entered an awkard family embrace as they explore a potential merger.

SA business failures are rising

BUSINESS numbers are crashing, data from credit recovery and information company Dun & Bradstreet shows.

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Strong $A cuts into Aust Vintage profit

AUSTRALIAN Vintage has moved to package and bottle its wines in Britain to reduce production costs on exports while the Australian dollar is strong.

Warrawong and Adelaide Zoo connect

ADELAIDE wireless networker MIMP has won plaudits for connecting high-speed broadband between Adelaide Zoo and Mylor's Warrawong Sanctuary.

SA business women finalists

SKINCARE range founder Teresa McDowell and Cape Jaffa winemaker Anna Hooper are among 13 SA finalists for the 2011 Telstra Business Women's Awards.

Investors paid $90m before firms closed

SHAREHOLDERS in two companies connected to the Tidswell wine family were paid up to $90m in dividends the year before the firms were wound up, records show.

Southern Cross Media returns to profit

SOUTHERN Cross Media Group has returned to profitability as it continues to integrate Austereo into its business.

Arup to assess Port Bonython plan

DEVELOPERS of a $600m bulk commodities port at Port Bonython have hired consultants Arup to deliver an environmental assessment of the project.

Le Cornu chain growth on hold

FANTASTIC Furniture is aiming to complete its review of the Le Cornu chain by the end of October but has placed on hold further growth in the chain.

Direct Hong Kong flights with Cathay

DIRECT flights from Adelaide to Hong Kong will be offered from late November.

SA wins business tourism boost

ADELAIDE'S streets can expect an influx of business tourists as a result of a record level of deals signed by the Adelaide Convention Bureau.

Oprah effect leads marketing week

TOURISM Australia's marketing chief will speak this week on the "Oprah effect" of Australia being featured on one of the world's best-known television programs.

Newspapers evolving online: Hartigan

MAJOR newspapers are transforming into multi-platform news brands in response to audience demands, the head of publisher News Limited says.

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• Video: Shock of the new

Adelaide Casino reno still on cards

ADELAIDE Casino owners SkyCity Entertainment Group remain committed to a proposed casino redevelopment, chief executive Nigel Morrison said.

WPG's Coober Pedy mine on track

CONSTRUCTION of the Peculiar Knob iron mine will proceed as quickly as possible while owner WPG Resources finalises the project's sale to OneSteel.

Hills Holdings makes $75m loss

ADELAIDE-based Hills Holdings booked an annual $75m loss on more than $100 million worth of impairment charges on its assets and goodwill.

OneSteel expansion saves Whyalla jobs

ONESTEEL'S $200 million committment to expand its Whyalla port and nearly double iron mining operations will save and create hundreds of jobs.

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• Crisis: BlueScope cuts 1000 jobs

Rising Sun to advance cineSync

RISING Sun Research has won more than $97,000 in State Government funding to develop an online, browser-based version of its Academy Award-winning software cineSync.

Bionomics in strong cash position

THE sale of its Thebarton headquarters and a share placement have boosted drug developer Bionomics' cash reserves, the company said.

Brighter profit for Gerard Lighting

GERARD Lighting Group has delivered results above its prospectus forecasts, turning in a $19.5 million after-tax profit 6 per cent above its forecast.

Amcor doubles annual profit

PACKAGING maker Amcor has almost doubled full year profit and expects to achieve more benefits from its acquisition of the Alcan Packaging business.

Treasury Wine makes $64m profit

PENFOLDS, Wynns and Lindemans wine brand owner Treasury Wine Estates has made a $64.1 million annual profit.

Casino has appetite for expansion

CELEBRITY chefs will be sought to headline restaurants within a $250 million Adelaide Casino expansion as the casino revealed a third record profit.

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SA business credit demand high

ANNUAL credit demand from South Australian businesses is second only to the Northern Territory, says credit data intelligence company Veda.

Toro shares in trading halt

SOUTH Australian explorer Toro Energy has entered a trading halt, citing "encouraging results" from its Lake Mackay project.

Warning on apprenticeships

APPRENTICE numbers, at a record high, will fall in line with shrinking fiscal stimulus and smaller projects, the Construction Industry Training Board says.

Woodside half-year profit falls 8pc

ENERGY company Woodside's first half profit fell 8.1 per cent, despite strong commodity prices, it said.

First Bianco business bought

THE first discrete business within the failed Bianco Construction Supplies empire has changed hands.

SA to reap from Indian demand

SOUTH Australian education providers are well placed to take on India's demands over the next 5 years, said India consul general to Australia Amit Dasgupta.