Westpac (ASX:WBC) may follow other banks on RBA's rate hike move

from August The Reserve Bank of Australia has kept official cash rate near zero, but borrowers are taking steps aimed at preparing for increased mortgage interest rates. It is still unclear when the interest rates will be raised by the apex bank...

Magellan (ASX:MFG) shares gain over 8% on FUM update

Highlights Magellan Financial Group Limited has informed that it experienced slowed net outflows of approximately AU$1.1 billion from 11 March to 31 March (this year). The net outflows comprised net retail outflows of AU$0.5 billion and net ins...

GQG Partners (ASX:GQG) share price gains over 5%, recovers previous losses

rade hours. ASX-listed diversified financials company GQG Partners Inc. (ASX:GQG) announced its funds under management (FUM) numbers as at 31 March 2022 on the ASX today (7 April 2022). A growth in the FUM in comparison to previous month end, is...

Australian Ethical Investment (ASX:AEF) to merge with Christian Super

Highlights Superannuation subsidiary of Australian Ethical has signed a memorandum of understanding with Christian Super. Christian Super received order from regulatory authorities to exit the industry previous year. Australian Ethical expects...

ASIC initiates civil penalty proceedings against Macquarie (ASX:MQG)

Highlights ASIC has sued Macquarie Group over allegations of failure to adequately monitor withdrawals by third parties, such as financial advisers, on their customers’ cash management accounts. The Court has not yet scheduled the date fo...

Openpay (ASX:OPY) records growth in ANZ markets across KPIs

Highlights Openpay Group has shared its preliminary FY22 third quarter performance for its ANZ and other regions. The BNPL provider remains focused on profitability and reports growth across key performance indicators (KPIs). OPY share price z...

Here’s why Navigator Global (ASX:NGI) has upped its earnings guidance

es. Navigator Global Investments Ltd (ASX:NGI) has upgraded its earnings guidance for the financial year 2022 following a strong investment performance across its material portfolios in the first two months.   Navigator is an over US$50b...

MA Financial (ASX:MAF) invests AU$35M in Funding.com

Highlights MA Financial has provided AU$37.5 million debt facility to Funding. Funding has identified a market need for short-term mortgage options that the large banks disregarded. Unlike some major banks, Funding’s average turnaround t...

CBA, NAB, WBC, ANZ: How are these ASX shares placed on dividend front?

es. While the Australian share market performed on a relatively stronger note in March, the earlier two months of the year had been uncertain for investors. Market sentiment remained low and volatility surged on account of the ongoing Russia-U...

AUB Group (ASX:AUB) confirms talk with Tysers, posts gains on ASX

Highlights AUB Group has verified that it is in discussions with Tysers to acquire the firm. AUB will be distributing dividend of AU$0.17 today. The 1HFY22 report indicates that AUB is focused on mergers and acquisition. Insurance broker,...