Energy One laid rumours to rest today, announcing it will meet profit guidance for the 2HFY23, with an expected EBITDA of $12.3 million for the entire financial year. Shares were up 5.11% after the news, trading at 19 cents per share.
By Charlie Ormond,
Clinical drug development company Emyria Ltd has announced the beginning of phase 2B recruitment of patients for an MDMA-assisted clinical PTSD trial after Australia recently rescheduled the drug.
By Charlie Ormond,
CSR announced they have entered into an agreement to acquire long-term customer Woven Image for $43 million. The deal will broaden CSR’s range to include acoustic-focused products for commercial environments.
By Charlie Ormond,
Australian Vintage shares jump 10% as the company announces a strategic review to unlock shareholder value. The review will be run by the corporate advisory firm E&P.
By Charlie Ormond,
United Malt shares jump 8.98% this afternoon after announcing Malteries Soufflet signed a deal to buy out the craft beer and distillery producer for $5 per share. The deal still needs sign-off but could be a big move for malt producers worldwide.
By Charlie Ormond,
Integrated services giant Downer Edi announced today that it had secured a $4.6 billion contract with the QLD Government to build and maintain 65 new trains for Brisbane. The announcement saw Downers shares rise by 2.41%, trading at $4.035 per share.
By Charlie Ormond,
Medibank faces a $250 million capital reserve requirement as punishment by the APRA for last October’s massive data breach in which the data of 9.7 million customers was stolen. Shares have remained resilient to the news, up by 1.71%, trading at $3.56 per share.
By Charlie Ormond,
Best & Less Group Holdings made news by announcing softening trading conditions as total sales went down by 11.7%. In response, BST began clearing winter stock to meet current demand and maintain inventory quality.
By Charlie Ormond,
Today, Rio Tinto announced that it will invest more than US$800 million (AU$1.18 billion) into its Kennecott operation. With the investment, RIO plans to increase copper production, expand its underground mine and upgrade processing at its new smelter.
By Charlie Ormond,
Today, the ACCC Tribunal blocked an appeal by Telstra and TPG for the proposed MOCN deal between the two. The regional network deal was worth approximately $1.8 billion and would have seen the two telcos share network assets in direct competition with Optus.
By Charlie Ormond,
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