MEGAPORT 'LEAPFROGS' INTO EUROPE

MEGAPORT (ASX: MP1) will acquire Germany's second largest internet exchange operator and another provider in Bulgaria, as it officially launches in Europe.

After a one-day trading halt to transact documents, Megaport released the news to the ASX.

The elastic interconnectivity provider has purchased Berlin-based PEERING GmbH, whi...

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GUVERA SWITCHES OFF IN AUSTRALIA

GUVERA has today ended its music streaming service in Australia, announcing in an email to its subscribers that, after eight years, it is time to say goodbye.

The Gold Coast-based business was recently snubbed by the ASX following criticism from some high profile Australian tech entrepreneurs over its business model and proposed IPO.

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VIRGIN AUSTRALIA RESTRUCTURE CAUSES TURBULENCE AT AIRLINE

THE restructure at Virgin Australia (ASX:VAH) will result in a full-year loss of $224.7 million.

This is despite the Brisbane-based business expecting to post an underlying EBIT profit of $210.6 million in FY16, an improvement of $144.7 million on the previous year, when it reports on August 5. Underlying profit before tax will be $41.0 ...

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MEGAPORT PLACED IN TRADING HALT FOR EUROPEAN EXPANSION

MEGAPORT (ASX: MP1) has been placed in a trading halt for a proposed capital raising.

The Brisbane company also proposes the execution of transaction documents for a European acquisition.

The trading halt applies from the commencement of trading today, Thursday 28 July, through to commencement of trading on Monday 1 August or earlie...

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CONSTRUCTION FALLING AWAY BUT GROWTH REMAINS 'IMPRESSIVE'

MAJOR engineering and commercial construction in Australia is falling away faster than expected, says Deloitte Access Economics in its latest Investment Monitor data, and that is expected to weigh heavily on growth.

But that growth currently remains on trend, 'A very impressive position to be in at the tail of a resources boom' says t...

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