Latest It Services News

Generation Development Group Limited (ASX:GDG) has announced a $320 million acquisition of Evidentia Group Holdings, aiming to consolidate its position as a leader in Australia's managed accounts market. The deal is supported by a fully underwritten $287.9 million equity raising and promises immediate earnings accretion.

WAM Global Limited has announced a fully franked ordinary dividend of AUD 0.065 per share for the half-year ending December 2024, with a Dividend Reinvestment Plan available to shareholders.

Dexus Convenience Retail REIT (ASX: DXC) reported steady half-year results for 2025, underpinned by active portfolio management and ongoing redevelopment projects. The fund remains on track to meet full-year guidance while enhancing income security and growth potential.

Dexus Convenience Retail REIT reported solid half-year results for FY25, maintaining distribution guidance while enhancing portfolio quality through strategic divestments and commencing a major redevelopment at Glass House Mountains.

Keybridge Capital Limited has appointed a voluntary administrator following a series of legal setbacks and an inability to raise crucial capital, leading to the suspension of its shares.

Keybridge Capital has been hit with an immediate $4.6 million loan repayment demand from Yowie Group, triggered by delays in its capital raising efforts obstructed by WAM Active Limited.

Dexus Convenience Retail REIT has rebounded strongly with a $14.7 million net profit for the half-year ending December 2024, underpinned by a resilient portfolio and active redevelopment plans.

Patriot Battery Metals has launched a significant 2025 winter drilling campaign at its Shaakichiuwaanaan Property, aiming to extend high-grade lithium zones and support an upcoming feasibility study. The program targets 15,000 meters of drilling with results expected to shape the company’s development trajectory.

Euroz Hartleys, acting for Patronus Resources, has launched an unconditional on-market takeover bid for Matsa Resources at A$0.045 per share, aiming to acquire all shares not already controlled. The offer period runs from February 24 to March 24, 2025.

JB Hi-Fi Limited reported a robust 9.8% increase in HY25 sales to AUD 5.67 billion and an 8.0% rise in net profit, supported by its recent acquisition of e&s Trading Co. Despite strong momentum, the company remains cautious about competitive pressures ahead.

JB Hi-Fi Limited has delivered a robust half-year performance for HY25, reporting nearly 10% sales growth and an 8% rise in net profit, underpinned by strong category demand and a key acquisition.

GQG Partners reported a solid increase in Funds Under Management (FUM) to US$160.4 billion as of January 31, 2025, driven by strong net inflows of US$1.7 billion during the month.