NAB Plans To End Home-Loan Discounting And Maintain Its High Yielding Status

National 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

The 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

On 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

On 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

Macquarie 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

Strandline 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

Australia 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

On 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

National 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

Black 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...