Latest It Services News

Nufarm Finance (NZ) Limited reported a modest 1.1% rise in net profit to $20.53 million for the year ended September 2025, alongside increased distributions to security holders and maintained strong liquidity backed by its parent company.

Verbrec Limited has reported a strong FY2025 with record margins and resumed dividend payments after more than a decade, alongside strategic moves including a key acquisition and divestment.

Northern Minerals has applied to defer its 2025 AGM as it awaits regulatory review over potential foreign investment breaches, underscoring heightened scrutiny on shareholder compliance.

Sietel Limited’s preliminary final report for FY2025 reveals a 47% drop in net profit and a 24% fall in total revenues, underscoring a challenging year for the investment management firm.

Infomedia Ltd’s acquisition by McQueen BidCo, backed by TPG Capital, has been legally approved, triggering trading suspension and scheduled shareholder payments.

Lumos Diagnostics has achieved a major milestone by securing 100% Medicare reimbursement recognition for its FebriDx test across all seven US Medicare Administrative Contractors, paving the way for broader adoption in the American healthcare system.

Lynch Group shareholders have overwhelmingly approved the proposed acquisition by Darwin Aus Bidco, clearing a major hurdle ahead of final court approval and trading suspension.

Earlypay Limited has extended its on-market share buy-back program for another 12 months, allowing the company to repurchase up to 10% of its ordinary shares without shareholder approval.

The Supreme Court of New South Wales has approved the acquisition of Infomedia Ltd by a TPG-managed entity, setting a clear path for the scheme’s implementation and a special dividend payout.

Webjet Group has received a revised non-binding takeover offer from BGH Capital at A$0.91 per share, up from a previous A$0.80 bid, signaling renewed acquisition interest amid ongoing negotiations.

Reece Limited reported an 8% rise in first-quarter sales driven by network expansion, while profitability dipped due to higher costs and investments. The company also completed a $365 million share buyback, signaling confidence despite subdued market conditions.

Bindi Metals Limited has announced a non-renounceable entitlement offer of options to raise approximately $46,000, underwritten by CPS Capital Group. The offer includes 46 million options to shareholders and 5 million options to the lead manager, with potential dilution if exercised.