Powerlan Limited

The Australian shares closed with little change on Friday. The market rebounded from early losses as a surprise guidance upgrade by Commonwealth Bank pushed the financial sector higher in late trade. The benchmark S&P/ASX200 index gained 1.6 points to 4899.6, while the broader All Ordinaries index added 0.1 point to 4929.5.

Powerlan announced that it has recently opened its new central London office to support increased investment in European markets by its subsidiary companies Clarity, ConverterTechnology and IMX Software. The new office in London Victoria will be used as a European HQ by all Powerlan companies. The move involves the closure of the current Brighton office which is used exclusively by foreign exchange solutions provider IMX Software. IMX staff will transfer to London.

Powerlan Limited (ASX: PWR) - Business Update - Mr Jon Newbery, CEO; Boardroomradio is pleased to announce that Powerlan Limited (ASX: PWR) has published an audio file.