Metal Powder Works (ASX:MPW) extended its contract with Westinghouse Electric for a further three months, moving into the next phase of its product development project, according to a Wednesday Australian bourse filing.
The next phase of collaboration is expected to take three months, and Metal Powder Works will advance and scale the ability to make powder feedstock via the DirectPowder process.
Its shares rose 3% in recent trading on Wednesday.
Beijing is delaying Airbus jet delivery approvals, signaling frustration with European regulators dragging their feet on certifying China's homegrown COMAC aircraft, Reuters reported Tuesday.Sources said the Civil Aviation Administration of China withheld final import and service approvals for Airbus jets for several months, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
InSilico Medicine (HKG:3696) said it has not made any concrete decision on a secondary listing at this stage and will make further announcements if there are any material developments, according to a Wednesday Hong Kong bourse filing.Bloomberg reported earlier, citing people familiar with the matter, that the AI-driven drug discovery company was considering a secondary listing in Abu Dhabi, potentially becoming the first company from outside the Gulf to list shares on a regional exchange.The report said InSilico Medicine had held preliminary discussions about a listing on the Abu Dhabi Securities Exchange as early as this year.
Endeavour Group (ASX:EDV) said it plans to exit or sell non-core winery as well as agricultural assets, reduce its own grape production by over 80%, and concentrate investment on high-performing brands with proven retail demand within its Pinnacle Drinks business, according to a Wednesday statement.This is expected to result in around 99% flexible sourcing of purchased bulk wine and grapes from the viticulture market.It also plans to streamline production and packaging to a smaller number of high-scale sites. Winery operations will be consolidated from seven sites to three, with Cape Mentelle in Western Australia, the Dorrien Estate in South Australia, and the Isabel Estate in New Zealand being retained.It will seek a new owner for the Oakridge brand and operation in the Yarra Valley. The Chapel Hill, Riddoch Coonawarra, and Krondorf Barossa brands will be retained, but their vineyards and physical assets are expected to be sold. Chapel Hill operations will close at the end of June.The firm does not intend to renew its lease of Josef Chromy, and assets associated with the business are under review.A high-scale packaging facility will be retained at Vinpac Angaston in the Barossa Valley in South Australia. The Vinpac McLaren Vale bottling facility will close later in the year.Endeavour Group's shares fell 4% in recent trading on Wednesday, reaching their lowest-ever point.