AMP Limited Deal Was Delayed As Industry Super Funds Pushes ASX

After multiple shareholders including a powerful industry fund have begun lobbying the exchange, over AMP Limited's controversial life insurance divestment, the ASX has been a talking point since then. The Australian Council of Superannuation Investo...

Westpac’s Profit Remained Flat In FY18 Due To Tough Operating Conditions

Westpac Banking Corporation (ASX: WBC) announced its full-year results on 5 November 2018. As per the company?s CEO Mr. Brian Hartzer, FY 2018 was a difficult year for the Bank as it faced tough operating conditions with higher regulatory, compliance...

NextDC Appoints Deloitte To Conduct Forensic Investigation Of Its Dealings With Bankwest

The managing director of data storage operator NextDC Limited (ASX: NXT), Craig Scroggie has criticized Bankwest for "aggressive enforcement" and "fee-grabbing behavior? after a default notice of $29 million was issued by the bank to a property trust...

The Needle On Franking Credits!

Needless 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

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...