Australia's IVE Group gains on marketing agency buy

Iveco NV

22/12/2025 03:41

** Shares of Australia's IVE Group IGL.AX rise as much as 3.5% to A$2.97, its biggest intraday pct gain in over a month if current trend holds

** Stock touches its highest level since December 9

** Diversified marketing firm says it will acquire online marketing firm, Daily Press, for nearly A$35 million ($23.18 million)

** Daily Press is a creative agency offering marketing and content solutions, from social media branding to web development and video production

** Stock up ~41% YTD, including session's moves

($1 = 1.5101 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))