Australia's LiveTiles sees best day in nearly 5 months on Nestlé deal

Livetiles

02/07/2021 03:05

** Workplace software maker LiveTiles Ltd  LVT.AX  rises as
much as 20% to A$0.180, marks biggest intraday percentage gain
since Feb 17
    ** Says signed a three-year deal for a minimum of A$2.1
mln($1.57 mln) with Swiss food and beverage giant Nestlé
 NESN.S  to provide co's services via an "Employee Experience
solution" initially to 125,000 users  urn:newsml:reuters.com:*:nASN001EKY
    ** Says goal is to reach Nestlé's entire workforce of more
than 300,000 users within the second phase
    ** Stock hits one-month high
    ** About 2.6 mln shares change hands, compared with the
30-day average volume of 1.2 mln shares
    ** Stock is the biggest percentage gainer on the ASX All
Ordinaries index  .AORD 
    ** Stock down 37.5% this year, as of last close


($1 = 1.3399 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))