Latest It Services News

Reece Limited has announced a $250 million off-market share buy-back priced between $11.00 and $13.00 per share, signaling confidence in its long-term strategy while maintaining financial flexibility.

Reece Limited has announced an off-market share buy-back targeting $250 million, with flexibility up to $400 million, offering shareholders a premium price range between $11.00 and $13.00 per share. This move aims to return excess capital while preserving financial flexibility for future growth.

X2M Connect has secured a significant contract to digitise water meters for 6,750 Seoul households, marking a key step in the city's ambitious A$240 million smart metering initiative.

HealthCo Healthcare & Wellness REIT has collected all outstanding rent from Healthscope and extended a rent deferral to support the ongoing sale process, while suspending distributions to preserve liquidity.

LTR Pharma has acquired a one-third equity stake in LevOmega Pty Ltd at no cost to shareholders, positioning itself in the growing pharmaceutical-grade omega-3 sector. This strategic move complements LTR’s existing intranasal pharmaceutical portfolio and aligns with its innovation-driven growth strategy.

WestStar Industrial's subsidiary SIMPEC has landed a $4 million contract to enhance capacity at Tianqi Lithium's Kwinana hydroxide processing plant, marking a significant step in Australia's clean energy infrastructure.

Auric Mining is poised to kick off its first toll milling campaign at Black Cat’s Lakewood Mill in late October, aiming to generate initial gold revenue by November from its Munda Starter Pit.

Income Asset Management has uncovered suspected fraudulent transfers linked to a minority sub-custodian, confirming no client assets were compromised. The company is investigating further and will update the market soon.

ChemX Materials Limited has entered voluntary administration following a turbulent quarter marked by convertible note amendments, a trading suspension, and ongoing funding challenges.

1414 Degrees has addressed a sharp rise in its share price and trading volume, attributing the market interest to recent climate policy recommendations and ongoing commercial efforts.

JAYRIDE Group Limited has confirmed Randy Prado as CEO and Ram Navaratnam as Finance Director, cementing leadership as it advances its SaaS mobility platform with pilots in Southeast Asia.

Scout Security reports a significant 48% reduction in operating cash outflows for the June quarter, while holding just $78,000 in cash and advancing talks to acquire Roo Inc. The company is navigating funding challenges amid an ongoing ASX trading suspension.