Market briefs: Webjet, Panorama Synergy, Brain Resource

Webjet to buy back 3.9m shares; Panorama Synergy raises $1.5m in SPP; Brain Resource shares fall 10 per cent on news of profit decline

Webjet announces 3.9m share buyback

Travel website operator Webjet (ASX:WEB) has announced an on-market buyback of up to 3.9 million issued shares.

The buyback is to be conducted as part of its capital management program, the company said. The maximum listed above represents five per cent of the company's issued shares.

WFM shares grew 0.48 per cent on Tuesday to $2.110.

Panorama Synergy raises $1.5m in SPP

Technology company Panorama Synergy (ASX:PSY) has revealed it raised just under $1.5 million in its recent share purchase plan.

The company, which has developed a photonics technology with possible applications in telecom, entertainment, education and healthcare, has allocated 19.5 million new shares at an issue price of $0.075 per share.

PSY shares were flat on Tuesday at $0.080.

Brain Resource shares slide on profit decline

Shares in Brain Resource (ASX:BRC) fell 10 per cent on Tuesday as the company reported a 27 per cent decline in 1H profit.

The company, which provides e-health products related to brain training and treatment, said excluding foreign exchange losses, profit fell a more modest six per cent to $1.4 million.

BRC shares slumped to $0.330 on Tuesday.

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