Latest It Services News

Austral Resources Australia Ltd is undertaking a $40 million capital raise to restructure its balance sheet, settle key debts, and accelerate its consolidation strategy in Queensland’s copper-rich Mount Isa and Cloncurry region.

The ACCC has raised preliminary concerns that IAG’s proposed acquisition of RAC Insurance in Western Australia could reduce competition, potentially leading to higher premiums and limited repair service access for rivals.

Savana Asset Management signals a strategic shift favoring US small caps amid easing Federal Reserve rates and cooling enthusiasm for mega-cap tech stocks. Kohl’s standout earnings further boost the fund’s outlook.

Thor Energy has signed a term sheet with DISA Technologies to explore processing abandoned uranium waste dumps in Colorado, aiming to generate revenue without upfront costs using innovative HPSA technology.

Iress Limited has appointed Andrew Russell as its new Group CEO, marking a strategic leadership shift following a major company transformation. Russell’s extensive fintech experience positions him to lead Iress into a product and client-focused future.

Provaris Energy has formalized a strategic collaboration with Baker Hughes to advance compressed hydrogen solutions for marine transport and storage across Europe, marking a key milestone in scaling regional hydrogen supply chains.

Woodside Energy Group has updated its dividend announcement, revealing the exchange rates and currency conversion methods for its upcoming fully franked dividend payment. Shareholders can expect payments in multiple currencies based on their location, with options to elect alternative currencies by early September.

Norwood Systems has refinanced its remaining Balmain loan with a new short-term unsecured facility, eliminating default interest risks and setting clear repayment dates.

Excite Technology Services has renewed a $2.14 million contract with Keyton Retirement Living to provide managed cyber security and IT services over two years, reinforcing a strong partnership in a critical sector.

Novatti Group has offloaded its Emersion business to CGP Equity for $500,000, marking a strategic pivot to concentrate on its core payments infrastructure in Australia and New Zealand.

Tasmea Limited has firmly denied recent media speculation about potential block trades by its executive directors, reaffirming their strong shareholding and commitment to growth. The company is focused on organic expansion and acquisitions to secure ASX 300 inclusion next year without raising new capital.

MyState Limited has confirmed a fully franked ordinary dividend of AUD 0.11 per share for the six months ending June 2025, alongside a dividend reinvestment plan priced at AUD 4.195 per share.