Latest It Services News

Wellard Limited has received a final Australian Taxation Office ruling confirming its recent 15 cents-per-share return of capital is not taxable as a dividend, clarifying the tax implications for shareholders following the sale of its last revenue-generating asset.

The Supreme Court of New South Wales has approved MaxoTel's acquisition of all remaining Vonex shares, triggering a suspension of Vonex trading and impending delisting from the ASX.

Fiducian Group Limited has reported a robust 23% increase in net profit after tax for the year ended June 2025, driven by strong inflows and resilient performance across its financial planning, platform administration, and investment management segments despite challenging market conditions.

Tolu Minerals has raised A$60.5 million through a well-supported institutional placement to fund exploration and refurbishment at its Tolukuma Gold Mine, signaling confidence in its growth strategy.

COG Financial Services is raising A$20 million through an institutional placement to acquire an additional 14.08% stake in Fleet Network, increasing its ownership to over 92%. This move is expected to immediately enhance earnings per share and support COG’s strategic growth in novated leasing and salary packaging.

COG Financial Services has increased its ownership in Fleet Network to over 92% through a $23.9 million acquisition, funded by a $20 million equity placement. This move is expected to enhance earnings and maintain a robust balance sheet heading into FY25.

Elders Limited has secured regulatory approval to acquire Delta Agribusiness, subject to divesting six Western Australian branches, while maintaining a positive outlook for FY25 earnings.

The ACCC has approved Elders Limited’s acquisition of Delta Agribusiness, contingent on Elders divesting six Delta retail stores in Western Australia to preserve local competition.

Brazilian Rare Earths has secured a decade-long heavy rare earth offtake deal with Carester, aligning Brazil’s high-grade resources with a leading European separation facility. This partnership also includes engineering support to accelerate BRE’s refinery development.

Netwealth Group Limited has reported a landmark quarter with total Funds Under Administration soaring to $120.8 billion, driven by record first-quarter net flows of $4.1 billion and strategic service expansions.

Solstice Minerals has upgraded gold intercepts at its Bluetooth Gold Prospect in WA, confirming broad near-surface mineralisation and fresh rock potential that supports open pit mining prospects.

Queste Communications reports steady investment holdings and a robust cash reserve of over $4 million for the quarter ending September 2025, underpinned by its controlling stake in Orion Equities.