Stem Cell United News Today

Today, the ACCC Tribunal blocked an appeal by Telstra and TPG for the proposed MOCN deal between the two. The regional network deal was worth approximately $1.8 billion and would have seen the two telcos share network assets in direct competition with Optus.

Elanor Investors gives an update on its transfer for ADIC mandate as part of its acquisition of CRE, a transaction valued at $3.4 billion in Australian and NZ property assets for the new price of $37.7 million.

Australian Vintage has provided commentary on results in FY23 and the current trading environment, which it says has been impacted by adverse weather and inflationary challenges, and yet it says it performed to expectations and better than others within the industry.

Fintech, Zip Co raises $25 million in equity and talks the restructuring of $330 million in convertible notes.

Synlait and The a2 Milk Company received approval from Chinese authorities for the re-registration of their Chinese label of infant milk formula which is now to be manufactured in line with the country’s regulations, removing any pre-existing anxiety over the issue.

Medical researcher Polynovo posted a record monthly sale total of $7.2 million in the month of May, led by $5.2 million in the United States with new records also hitting in Canada, Hong Kong, India, and a new order in the Middle East. The group’s total revenue for the 11 months to May rose 54%.

Bubs has provided a short trading update in the wake of some media speculation encircling former CEO and founder Kristy Carr, who was said to have been creating a stir after the group ousted her and Chairman Dennis Lin.

BetMakers executes strategic operational restructure and accelerates path to profitability, sending shares 20% higher on the stockmarket today.

DroneShield has ramped up operations and production with numerous orders in the pipeline and having received $13.9 million in cash receipts, with a further $2 million coming in tax incentives.

Financial solutions business SmartPay Holdings has returned a 62% increase in revenue on the prior year with $77.8 million, with earnings up 81% and higher profit. Shares were riding in response to the bumper year.