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Cyber attacks continue to make headlines: last week both IPH (IPH) and Latitude Financial (LFS) reported data breaches, and on Thursday night reports emerged that Rio Tinto (RIO) may be the latest victim.
Claims that past and present Rio Tinto employees’ details may have been stolen through a third-party app used by Rio are yet to be confirmed by the company.
Today, IPH said its systems were returning to normal after it established a new network and beefed up its security systems.
Meanwhile, home appliance company Shriro (SHM) has decided to cut its losses and abandon its kitchen appliance division in Australia.
The decision comes as the company’s Omega brand, comprising ovens, cooktops and dishwashers, was dropped by a major retailer.
Shriro says market pressures have increasingly squeezed its margins in this area of the business.
The appliance division will continue in New Zealand, but Shriro says it will undertake a restructure, including closing one of its warehouses, impacting its bottom line for FY23.
In the materials space, early-stage exploration company Western Yilgarn (WYX) has broadened its Bulga project in Western Australia.
A newly-acquired tenement will add 48 square kilometres to the company’s exploration package, along-strike of the Ida fault.
Dreadnought Resources (DRE) has defined five strong electromagnetic conductors at the Money intrusion within its Mangaroon project in WA.
The results came from the company’s second electromagnetic survey, which DRE said had been a resounding success. Drilling is scheduled for July.
To healthcare, Estia Health (EHE) is considering a takeover offer from Bain Capital that values EHE at $3 a share, or $775 million all-up.
Following the news, EHE’s share price rose more than 13 per cent.
And finally, Little Green Pharma (LGP) has launched a $5 million share placement to repay the balance of a loan note with Canopy Growth.
Shares under the placement were offered at 18 cents — a 5.3 per cent discount to the company’s last closing price.
Today, LGP shares were up 13 per cent trading at 21.5 cents.
