Company Interview / Market Update | Droneshield, Magellan Financial Group, Flight Centre, Regis Resources, Santos

Droneshield chief executive, Oleg Vornik, will step down after more than ten years in the role. Chief product officer, Angus Bean, has been appointed as his successor effective immediately.

Flight Centre has agreed to sell its 47 percent stake in Pedal Group to the Turner Collective for nearly $62-million dollars.

Pro Medicus has signed a $23-million dollar contract over five years with the University of Maryland Medical System to deploy its Visage 7 imaging platform.

Magellan Financial says assets under management dropped to 37.5 billion dollars over the March quarter. That's as net outflows and market movements from the Iran conflict weighed on funds.

Santos says its Quokka-1 appraisal well in Alaska has shown high quality oil reserves. The well flowed at 2,190 barrels of oil per day after testing.

Regis Resources has lifted its cash and bullion balance to $1.1 billion dollars at the end of March after generating a $198-million dollar build during the quarter.