Charlie Ormond

Adacel has seen its shares rocket today after being awarded a major US$59 million contract with the US Federal Aviation Administration to service its air traffic training systems for five years.

Computershare has sold its US-based mortgage services business for $1.13 billion as part of its strategic realignment to cut costs and deliver more to shareholders, it said in an announcement today.

Cancer diagnostic company Pacific Edge saw its shares fall heavily today after the FDA announced plans to regulate the company’s flagship bladder cancer treatment Cxbladder.

A tough day on the market for Brickworks today, which reported a 54% drop in profits this morning in its latest financial results. Shareholders bolted as rising costs across the board squeezed the company’s margins into dangerous territory.

The Star Entertainment Group saw its shares drop heavily today after it completed a $565 million capital raise with institutional investors as the casino operator attempts to shed debt.

Pro Medicus, a healthcare informatics company, has signed a $140 million contract with Baylor Scott & White Health, a US not-for-profit organisation, to supply its Visage 7 cloud-based diagnostic imaging platform.

Qantas begins a spending campaign to restore customer relations, and signals heightened costs from rising fuel prices in what looks to be an expensive few years for the airline

The board of Costa Group, Australia’s largest fruit and vegetable company, has agreed to a revised takeover bid by a consortium led by Paine Schwartz Partners. The deal will be a welcome relief to shareholders concerned about recent poor performance souring the deal.