Wesfarmers (ASX: WES) has completed the first phase review of its iconic Target brand, confirming that its financial viability is not sustainable and that the majority of stores will be transformed into Kmart stores which better reflects the retail needs of Australian customers. The decision comes as Target has continued to see declining sales with
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In a proactive move to up their defence in the fight against neo-terrorism and disruption, the European Union Police underwent a tender process for drone defence solutions with DroneShield (ASX: DRO) coming out on top to supply EU police forces with their DroneGun Tactical™ solution. The framework agreement will see DroneShield supply DroneGun Tactical™ to
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Biotech company Imagion Biosystems (ASX: IBX) has secured a major boost in resources having secured Siemens Healthineers (FWB: SHL) as a collaboration partner for their proprietary cancer detecting agent. The collaboration will centre around Imagion’s MagSense™ nanoparticles which are designed to be visible on a MRI scan once they attach to cancer cells. MagSense™ has
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As part of their plans to collaborate with the NRL on concussion solutions, Impression Healthcare (ASX: IHL) has appointed NRL star James Graham to its advisory board to assist with the development of their medicinal cannabis products. In particular, Graham will offer advice on ‘real world’ aspects of the clinical program for IHL-216A, a cannabinoid
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Water waste management company, Fluence Corporation (ASX: FLC) are set to expand their international recognition following news that the company have sold their first Aspriral System to clean energy corporation, Three Gorges Group. The company is hopeful that the transaction will be the start of a long-term partnership with the Chinese Government owned company. Three
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Four months ago, a takeover bid on Village Roadshow (ASX: VRL) was offered with VRL shares valued at $4.00 each. Then COVID-19 happened. Now, the same suitors are back with an offer at $2.20 per share. With Village Roadshow’s business significantly damaged by COVID-19, which has led to the shutdown of their theme parks and
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Diamonds may be a girl’s best friend, but possibly not for the small number of Michael Hill International (ASX, NZX: MHJ) employees told that their workplaces will remain permanently closed, even after COVID-19 subsides. It signals a likely trend in the global retail market where retailers will be undergoing gradual re-opening of stores but will
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Australian medtech company Mach7 Technologies (ASX: M7T) has continued to strengthen its position in the Hong Kong market, securing new licencing orders of $4.8m, adding to their existing 5-year contract to supply medical imaging solutions to the entire territory of Hong Kong. The new AUD $4.8m is expected to be logged as cash collected within
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The well-publicised financial troubles of Seven West Media (ASX: SWM) are set for a reprieve with the company today confirming the sale of their West Australian headquarters for $75 million to a trust managed by Primewest Group (ASX: PWG). Under the terms, Seven will lease back the property at $4.3 million per annum with 3%
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When Harris Technology (ASX: HT8) started selling sanitary products amidst the global demand surge brought upon by the coronavirus pandemic, they estimated Q4 sales of around $400,000. Today they reported they have sold more than $1 million worth of their Pro-Hygiene products in April alone. Whilst IT and electronics are Harris Technology’s flagship products, they
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