Latest Corporate Services News

MCS Services has completed the sale of its Traffic Business and now has no operating business, while its ASX securities remain suspended pending a possible recompliance transaction. The company reported $1.77 million in cash at 30 June 2026, but also faces a $495,000 legal settlement and no recurring operating revenue.

Corporate Travel Management (ASX:CTD) posted a $17.7 million profit for FY26, reversing a $348.5 million loss the previous year, driven by stronger earnings in ANZ and Europe and progress on UK customer settlements.

Me Today Limited delivered a 36% revenue surge to $7.96 million in FY26, cutting its EBITDA loss by 43% and locking in $1.59 million of new capital from major shareholders ahead of October warrant exercises.

Corporate Travel Management has arranged a $175 million debt facility with Pacific Equity Partners Credit, replacing its $75 million corporate facility to support UK client remediation and ongoing operations ahead of FY25 and 1H26 financial statements.

Corporate Travel Management has reached binding agreements with UK customers covering 86% of its estimated GBP 118 million remediation liability, paving the way for finalising FY25 audited accounts and share reinstatement.

Corporate Travel Management (ASX:CTD) has extended its exclusive contract with the UK Ministry of Defence to provide accommodation services for the Afghan Resettlement Programme, with expected transaction values reaching £28 million in the first six months.

The Agency Group Australia (ASX:AU1) acknowledged ongoing discussions with Aura Group following a spike in share trading and an ASX inquiry. No binding deal is in place, and the company will update the market on material developments.

Corporate Travel Management (ASX:CTD) has appointed Ana Pedersen as its permanent Managing Director and Group CEO, cementing leadership stability after a challenging period. Pedersen’s extensive industry experience and prior acting CEO tenure position her to steer CTM’s recovery and future growth.

Corporate Travel Management (ASX:CTD) has pushed back its FY25 and 1HFY26 financial statements to August 2026 due to intertwined UK customer remediation, financing negotiations, and audit complexities, while signalling significant goodwill impairments across multiple regions.

Corporate Travel Management reports a resilient first half of FY26 with strong client retention and progress on UK remediation, targeting audited FY25 results and ASX reinstatement by mid-2026.

Corporate Travel Management's founder Jamie Pherous retires, handing over leadership to Ana Pedersen as the company navigates accounting challenges and aims to relist on the ASX.

Following the sale of its main business, MPR Australia has ceased operations and is exploring options including returning capital to shareholders or acquiring a new business.