Robert Mactier News Today

Nuix directors relied on performance data from management, which indicated the tech stock would get itself out of trouble in time to hit prospectus guidance.

In its closing arguments for the long-running dispute, the regulator says directors must have known that the market did not believe they would hit targets.

Jeffrey Bleich said he was convinced by management that the firm could turn itself around and that is why they did not disclose its poor performance to investors.

Iain Lobban told the Federal Court he largely relied on others on the board and management when considering what should be disclosed to investors.

Sources say discussions between Nuix and Reveal regarding a potential takeover happened at least two days before when Nuix publicly said it was.

The Nuix Ltd (ASX: NXL) share price is saddled up with positivity on Monday as investors soak in the successful swing back to net profits.

Nuix shares bounced 7 per cent on Monday after the software company posted a net profit of $1.3 million.

Insiders have been buying Nuix Ltd (ASX:NXL) and this ASX share. Here's what you need to know...

Australian shares are down 0.5pc; JPMorgan downgrades CBA to underweight; RBNZ hikes cash rate 25bps to 0.5pc; Pilbara Minerals beats quarterly shipping guidance; Magellan FUM tumbles. Follow the latest here.

End of an era: WPP AUNZ to exit ASX at end of business today May 19, 2021 10:37 In May 2016 STW Group and WPP received the final tick of approval from shareholders to merge, thus eliminating the STW name from the Australian media and advertising landscape. At the time, the $512 million takeover by WPP was being billed as a “merger of the two businesses”. Almost 432 million shares in STW were assumed by WPP, creating a new business to be known as WPP AUNZ. Today, the legacy of STW and WPP A...