Financial
The Needle On Franking Credits!
November 05, 2018 04:37 AM AEDT| By Team Kalkine MediaNeedless to say that retail investors who generally get overlooked, play a significant role when it comes to punting on stocks; and the key aspect is that these investors bank upon income stocks a lot in view of the dividend amounts and franking cred...
NAB Plans To End Home-Loan Discounting And Maintain Its High Yielding Status
November 02, 2018 07:29 AM AEDT| By Team Kalkine MediaNational Australia Bank (ASX: NAB)?s CEO Mr. Andrew Thorburn?s decision to stop chasing new business with higher discounts and has put the bank in uncharted territory as the bank announced further deterioration in its net interest margin. The net int...
ANZ Cash Profit Plunged By 5 percent To $6.49 Billion
November 02, 2018 05:57 AM AEDT| By Team Kalkine MediaThe full-year cash profit from continuing operations of Australia and New Zealand Banking Group Limited (ASX: ANZ) plunged by 5% to $6.49 billion in FY 2018 against the cash profit of FY 2017, driven by the increased customer compensation and remedia...
Macquarie Group Reported 1H 2019 Numbers: What You Should Know
November 02, 2018 05:09 AM AEDT| By Team Kalkine MediaOn November 2, 2018, Macquarie Group Limited (ASX: MQG) made an announcement regarding the results for 1H 2019 which ended on September 30, 2018. The company stated that it had generated net profit after tax amounting to A$1,310 million in 1H 2019 wh...
IFL Shares Declined After Completing The Sale Of Its Corporate Trust Business
November 02, 2018 04:10 AM AEDT| By Team Kalkine MediaOn 2 November 2018, the leading financial services company IOOF Holdings Limited (ASX: IFL) and its fully owned subsidiary Australian Executor Trustees Limited (AET), announced that they have completed the sale of their Corporate Trust business to Sa...
Macquarie Group Plans To Set Operations In Dublin: What You Need To Know
November 01, 2018 04:56 PM AEDT| By Team Kalkine MediaMacquarie Group Limited (ASX: MQG) has been planning to bring an EU center in Dublin and is waiting for the approval from European as well as Irish banking regulators. Macquarie Group has chosen Dublin over other cities which were Paris, Frankfurt Am...
Strandline Resources Uplifts Financial Estimates On Stronger Price Outlook At Fungoni
November 01, 2018 09:04 AM AEDT| By Team Kalkine MediaStrandline Resources Limited (ASX: STA) uplifted their revenue and earnings projection on the stronger price outlook for high-value product from Fungoni mineral sands project in Tanzania. In today?s announcement to Australian Securities Exchange, St...
Challenger Welcomes Retirement Income Framework Reforms
November 01, 2018 07:42 AM AEDT| By Team Kalkine MediaAustralia based investment managing firm Challenger Limited (ASX: CGF) provided an update on government?s Retirement Income Framework that was announced yesterday. In the release dated 31 October 2018, the Government reaffirmed its support to the de...
Credit Corp Group’s Shares Mounted After Reporting FY 2019 Guidance Upgrade
November 01, 2018 05:04 AM AEDT| By Team Kalkine MediaOn 1 November 2018, Credit Corp Group Limited?(ASX: CCP) held its Annual General Meeting in which the company provided its FY 2019 guidance upgrade, following which the share price of the company increased by 3.255 percent as on 1 November 2018 (as a...
NAB’s Shares Uplifted On ASX Post Release Of FY 2018 Results
November 01, 2018 02:11 AM AEDT| By Team Kalkine MediaNational Australia Bank Ltd.?s (ASX: NAB) shares were uplifted by 1.388 percent on 1 November 2018 (12:55 PM AEST), following the announcement of FY 2018 Results. As per NAB?s CEO Mr. Andrew Thorburn, FY 2018 was a challenging year for NAB, however t...
Black Rock Mining Ltd Banking On Graphite Demand
October 31, 2018 10:00 AM AEDT| By Team Kalkine MediaBlack Rock Mining Limited (ASX: BKT) came up with its quarterly activities report for the quarter ended on September 30, 2018, and the same were released on October 31, 2018. The company?s Definitive feasibility test on Mahenge Graphite project in T...
Is There Some Bad News For Those Who Trade In Australian Dollar As Central Bank Seems To Be Dovish?
October 31, 2018 06:51 AM AEDT| By Team Kalkine MediaThe Australian Economy has been struggling a lot and the key reasons are increased trade tensions between the US and China, downturn in the global markets, increased regulatory pressures for the banking sector as well as declining housing prices. The...
AMP Decides To Defend The Life Deal: What You Should Know
October 31, 2018 04:53 AM AEDT| By Team Kalkine MediaIt seems like AMP Limited (ASX: AMP) has decided to defend the deal which revolved around unloading the life insurance business. The aforesaid decision comes after fund managers have been valuing the transaction at a heavy discount. The present chief...
IFL’s Stocks Tumbled After the release of its Soon to be Acquired Businesses in ANZ
October 31, 2018 04:14 AM AEDT| By Team Kalkine MediaIOOF Holdings?Limited (ASX: IFL) recently announced that it has entered into an agreement with Australia and New Zealand Banking Group Limited (ANZ) to acquire its Pensions and Investments business and Aligned Dealer Groups (ADGs). On 31 October 201...
CBA To Sell Asset Management Business: A Quick Overview Of The Deal
October 31, 2018 03:57 AM AEDT| By Team Kalkine MediaCommonwealth Bank of Australia (ASX: CBA) has decided to unload its asset management business for the consideration of $4.1 billion. The sale has been made to Mitsubishi UFJ Financial Group based out in Japan. As a result of the deal, the bank?s weal...
Genworth Mortgage Insurance Trades High After Quarterly Earnings Release
October 31, 2018 03:28 AM AEDT| By Team Kalkine MediaToday, Genworth Mortgage Insurance Australia Ltd (ASX:GMA) released its third quarter earnings report for the quarter ended on September 30, 2018. GMA has come up with healthy financials amidst volatility in the investment markets. Earnings update i...
ANZ’s Stocks Climbed Up On ASX After Releasing Decent FY18 Results Under Tough Environment
October 31, 2018 03:20 AM AEDT| By Team Kalkine MediaAustralia and New Zealand Banking Group Limited (ASX: ANZ) announced its full-year results of FY 2018 on 31 October 2018. The company reported a Statutory Profit of $6,400 million in FY 2018. The earnings per share of the company decreased by 4 perce...
Stock Price Tumbled After The Disappointing Financial Sales Performance Of Bellamy's
October 30, 2018 08:01 AM AEDT| By Team Kalkine MediaBellamy's Australia Limited (ASX: BAL) highlights about its full year sales report for its baby formula which remains at its lower end of the guidance report. This will result in the fall of revenue by 15% in the first half of FY2019. It appears that...
The Big Four Banks Are Expected to Disappoint Investors: Have You Done Reshuffling?
October 29, 2018 05:38 AM AEDT| By Team Kalkine MediaThe Australian markets are witnessing the negative impacts from the global macroeconomic factors and the lower expectations from the banking sector is one of the primary reasons responsible. The banking sector are facing the regulatory challenges and...
Housing Crises Is Not Over: Should You Be Worried?
October 26, 2018 05:11 AM AEDT| By Team Kalkine MediaAs per QBE Insurance Group Limited (ASX: QBE), the fall in the housing prices is not over yet and further fall is in store. QBE Housing Outlook report stated that Sydney is expected to witness a further fall of 3.5% in 2019 and expects that the momen...
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