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Financial
InvoCare and Propel Funeral’s Pre-Paid Contracts Are Set To Win Over Funeral Insurance
October 04, 2018 09:09 AM AEST| By Team Kalkine MediaFuneral companies InvoCare Limited (ASX: IVC) and Propel Funeral Partners Limited (ASX: PFP) have been the likely winners from the criticisms raised by Hayne royal commission in respect of funeral insurance companies for getting involved in fraudulen...
5 LIC Stocks With Dividends – NCC, NAC, WAM, WLE, MLT
October 04, 2018 08:34 AM AEST| By Team Kalkine MediaListed investment companies are a smart way to invest conservatively for investors with little or less expertise to invest directly into ASX listed securities and a good way to achieve market diversification. They are a subset of listed managed inves...
Suncorp Group Limited To Hold EGM For Approval On Pro-Rata Return Of Capital Following The Sale Of Its Australian Life Insurance Arm
October 04, 2018 07:04 AM AEST| By Team Kalkine MediaSuncorp Group Limited (ASX: SUN) intends to hold Extraordinary General Meeting, seeking for the approval of shareholders in respect of pro-rata return of capital and share consolidation on the sale of its Australian life insurance business. The meeti...
Banking Royal Commission: Freedom Insurance Shares Plummet On Direct Phone Sales
October 04, 2018 06:56 AM AEST| By Team Kalkine MediaAfter stopping new sales and revealing plans to more than splitting fifty-fifty its workforce, Freedom Insurance shares have fallen as much as 27 percent. Responsible for some of the evidence revealed at the banking royal commission, amid a regulator...
Bank of Queensland Limited’s (ASX: BOQ) shares soar despite lower profit
October 04, 2018 05:42 AM AEST| By Team Kalkine MediaEarly this morning, 4 October 2018, Bank of Queensland announced their FY18 results for the 12 months ended 31 August 2018. Statutory net profit after tax for fiscal 2018 slipped to $336 million, down by 5% on previous year NPAT of $352 million. It r...
How To Read A Financial Report
October 04, 2018 05:35 AM AEST| By Team Kalkine MediaThe company?s financial performance is usually judged by its Financial Reports. Financial report provides details of financial activities and financial position of the company over a specific period of time. Most businesses and organizations provide...
Banking Royal Commission: Economist Warning
October 04, 2018 05:12 AM AEST| By Team Kalkine MediaBanking royal commission has laid out the policy recommendation and a lot seem to be riding on the same including the stability of Australian property markets. Consequences which are unintentional are expected from the royal commission?s recommendati...
Magellan Financial Group Limited’s (ASX: MFG) CEO Hamish Douglass Swaps Role With Chairman Dr Brett Cairns
October 04, 2018 04:56 AM AEST| By Team Kalkine MediaMagellan Financial Group co-founder Hamish Douglass steps aside as Chief Executive Officer and takes the role of chairman at Magellan, swapping position with current Chairman Dr. Brett Cairns. In a media release dated 4 October 2018 Magellan Financi...
IOOF Holdings’ Take Over Of ANZ’s Wealth Business Is Still In Doldrums
October 04, 2018 04:51 AM AEST| By Team Kalkine MediaIOOF Holdings Limited (ASX: IFL) announced on 2 October 2018 that purchase of Australia and New Zealand Banking Group Limited?s (ANZ) OnePath pension and investments business is expected to be completed by the end of March next year. However, accordi...
Centuria Industrial REIT (ASX: CIP) Rejects Propertylink’s Acquisition Bid
October 03, 2018 01:36 PM AEST| By Team Kalkine MediaIn an announcement to ASX, Centuria Industrial REIT said that the Independent Board Committee (IBC) of its entity Centuria Property Funds No. 2 Limited (CPF2L) has refused the takeover proposal of Propertylink Group (ASX: PLG). The offer was receive...
Jatenergy Limited (ASX: JAT) Suspended On ASX Pending 2018 Financial Report Release
October 03, 2018 06:16 AM AEST| By Team Kalkine MediaThe stock of Jatenergy Limited has been suspended from official quotation. In a market announcement, Australian Securities Exchange informed that securities of Jatenergy Limited has been suspended from official quotation from the commencement of trad...
Brighte secured a $15 million debt facility with Bank of Queensland
October 03, 2018 05:29 AM AEST| By Team Kalkine MediaRecently, Bank of Queensland Limited (ASX: BOQ) offered a $15 million debt facility to Brighte which was successfully secured. Brighte is a platform which provides home energy products on credit basis. According to the BOQ Finance chief executive Ada...
Shopping Centres Australasia Property Group (ASX: SCP) Raises Capital For $573 Million Acquisition Of Vicinity Portfolio
October 03, 2018 04:59 AM AEST| By Team Kalkine MediaSCA Property Group today announced the acquisition of $573 million Vicinity portfolio which will include the takeover of ten convenience-based retail centres from Vicinity Centres (ASX: VCX). The group told that the acquisition would be funded by equ...
Are Australian Banks Heading Towards Disappointment?
October 03, 2018 03:45 AM AEST| By Team Kalkine MediaFirst Interim Report from Royal Commission and now S&P?s Remarks The dark clouds which were looming over the Australian banks are still there. Unless you are sitting in some isolated place under the rock, you must be aware about what?s happenin...
Investment Firm, Shaw and Partners Enhances Returns to Shareholders
October 03, 2018 01:53 AM AEST| By Team Kalkine MediaShaw and Partners is an Australia?s preeminent investment and wealth management firm, managing $16 billion of assets under management. Shaw and Partners? major segments are financial planning, advisory process and wide breadth of services. Their fina...
Rise in Consumer confidence as per latest ANZ/Roy Morgan weekly index report
October 02, 2018 08:24 AM AEST| By Team Kalkine MediaAs per the latest ANZ/Roy Morgan weekly index, the consumer confidence has risen 0.8 per cent to 118.1 points in the week ending September 30, which has reversed the fall of 0.7% in the previous week. The ?time to buy a household item? sub-index has...
Is Australia Undergoing A Banking Sector Transformation Through A New Breed Of Banks?
October 02, 2018 05:55 AM AEST| By Team Kalkine MediaMore "neobank" or "challenger banks" are coming up: The Australian Prudential Regulation Authority (APRA), an independent statutory authority that is into the supervision of the institutions across banking, insurance and superannuation is expected to...
Collection House Sits With Finance News Network: All You Need To Know
September 28, 2018 08:10 AM AEST| By Team Kalkine MediaOn September 28, 2018, the Chairman of Collection House Limited (ASX: CLH) sat down with Finance News Network and discussed the growth strategies. Jessica Amir initiated the discussion on a friendly note by asking about the plans of Leigh Berkley abo...
National Australia Bank (ASX: NAB) Kicks Off Job Shedding At Private Bank
September 28, 2018 07:58 AM AEST| By Team Kalkine MediaNational Australia Bank has taken the knife across its private bank, cutting around 50 jobs as it strides to develop a new NAB Partners operating model. Street Talks revealed that cuts included credit personnel, frontline bankers and consultants. The...
Much Awaited Banking Royal Commission’s Report Out: Greed Declared As the Reason
September 28, 2018 07:52 AM AEST| By Team Kalkine MediaThe Banking Royal Commission finally came out with the interim report which covered consumer lending, financial planning, business lending, farm finance and Indigenous finance. The primary concern was that what led to the poor behavior of the banks a...
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