Business News Australia

Business News Australia covers important business updates across the nation, with a particular emphasis on local developments. The outlet provides timely news as it happens, along with stories of business successes, innovative leaders pushing boundaries, and companies thriving in the market, regardless if they are emerging startups or well-established public firms. Staffed by a committed group of business journalists, Business News Australia delivers exceptional insights into the accomplishments of top entrepreneurs, executives, and industry influencers.

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Tanck secures $2 billion for social sector organisations

2 weeks ago | businessnewsaustralia.com | Matt Ogg

Crowther, who co-founded the consultancy with Neil Pharoah, says social purpose organisations often make the mistake of thinking "we can only talk to this party because they’re the only one that cares about us". "I think you actually need to be trying to persuade people on both sides of the aisle of the merit - the value of what you’re doing," he tells Business News Australia. "There's a common value between the people on the right and the people on the left.
AI startup Fluency raises $1.5m in pre-seed round

2 weeks ago | businessnewsaustralia.com | Matt Ogg

The startup was born out of co-founder and CEO Finnlay Morcombe's experience of "outdated" processes at a financial services internship where he spent hours on manual documentation using screenshots. "In 2025, we're still documenting million-dollar processes the same way we did in 2005 - with screenshots and tedious instruction manuals," says Morcombe.
Rewards community Pretty Privilege secures bridging round

2 weeks ago | businessnewsaustralia.com | Matt Ogg

Launched in May 2024 with a goal to redefine Gen Z marketing by "removing judgment and gatekeeping", the Melbourne-based startup has grown its mostly female membership by 5,000 in less than a month to 40,000 users, but with the latest funds it aims to build that community to 300,000 by the close of 2026.
Australian apple growers gain access to Chinese market

2 weeks ago | businessnewsaustralia.com | Matt Ogg

Australia's apple growers produced a 393,731-tonne crop last year that was worth $680.2 million, according to the Australian Horticulture Statistics Handbook, but only $8.7 million of that income came from export. This represents a paltry percentage of the nation's $1.45 billion worth of fresh fruit exports last year, of which more than $1 billion was split between citrus and table grapes, with other key commodities including avocados, cherries, berries, nectarines, peaches and plums.
Demand uncertainty leads to lower sales outlook for Brambles

2 weeks ago | businessnewsaustralia.com | Matt Ogg

Despite playing an integral role in global trade, the Brambles share price was relatively unscathed by the uncertainty wrought by US tariff announcements, up 7.5 per cent in the year to date at the close of trading on Thursday last week before the ANZAC public holiday. This means that even though its share price has fallen 5.03 per cent today to $19.83, it is still up since the start of 2025.
Bubs reaffirms guidance despite sales dip in the US

2 weeks ago | businessnewsaustralia.com | Matt Ogg

Bubs reports a 52.6 per cent year-on-year increase in net revenue to $23.3 million for the March quarter, although this represents a 19 per cent quarterly decline for the Melbourne-based company. The quarterly drop is more pronounced in its leading market - the US - where net revenue fell 37 per cent to $10.8 million, compared to a 26.9 per cent drop to $4.6 million in Australia, and a 19.7 per cent decrease to $5.7 million in China.
Raiz customers stick to recurring payments amid voltaility

3 weeks ago | businessnewsaustralia.com | Matt Ogg

Sydney-headquartered micro-investing platform Raiz Invest (ASX: RZI) has reported its strongest quarterly net inflows since the September quarter of 2021 at $60 million, despite softer customer acquisition in March due to market volatility and economic uncertainty around US tariffs. A slower March offset strong growth in January and February, and meant the number of net new active customers was down 6 per cent quarter-on-quarter at 6,973.
UQ Ventures to combine ilab and Momentum accelerators

3 weeks ago | businessnewsaustralia.com | Matt Ogg

The merged program creates a two-stream accelerator for early and later-stage companies, aimed at maximising founder support, deepening venture capital (VC) engagement, and expanding the deal pipeline for Queensland innovation. Administered by the Queensland Investment Corporation (QIC), the funds were designated for the UQ Ventures Momentum Accelerator helping founders to advance commercial strategies and growth through four tailored accelerators.
Cettire shares plunge to two-year low as earnings in the red

3 weeks ago | businessnewsaustralia.com | Matt Ogg

Shares in Cettire (ASX: CTT) have fallen to their lowest levels in more than two years after the luxury products dropshipper's earnings swung into negative territory in the March quarter, despite an 8 per cent lift in active customer numbers to almost 700,000 people.
Global trade growth to be "more than cut in half"

3 weeks ago | businessnewsaustralia.com | Matt Ogg

The IMF has also downgraded its economic growth forecasts by 0.8 percentage points since January to 2.8 per cent, with around half of that change resulting from tariff announcements. "We are entering a new era as the global economic system that has operated for the last 80 years is being reset," IMF research department director Pierre-Olivier Gourinchas told a press briefing overnight.