Powerwrap Limited plans to be listed on ASX with the target of doubling in funds

Powerwrap remains in the news as the platform provider targets to double its funds in the next three years as it positions to derive benefits from the financial services royal commission and growth in the number of wealthy investors. It has been hea...

Why investment company NAOS Emerging Opportunities should be in your watchlist

ASX listed investment company NAOS Emerging Opportunities Company Limited has announced monthly investment report and NTA update as at 31 August 2018. With a prior focus on micro-cap industrial companies, NAOS has reported pre tax net tangible asset ...

Chairman Geoff Wilson acquired more shares in WAM Global

Wilson Asset Management founder Geoff Wilson acquires more shares in subsidiary WAM Global Limited (ASX:WGB). On 7 September 2018 Geoffrey Wilson bought 70,937 more shares on-market in WAM Global for the total consideration of $154,982.88. It has bee...

Macquarie Group provides outlook update for FY19

Macquarie Group has delivered strong return on equity of 16.8% for the financial year ended 30 June 2018, which is 15.2% more than previous year returns. This comes after, profit attributable to shareholders grew $2,557 million from $2,217 million in...

ASIC sues National Australian Bank over “fee for no service”

The Australian Securities and Investment Commission (ASIC) has come up with the decision to sue National Australia Bank Limited (NAB) companies. ASIC?s federal court action is triggered against two of the NAB? wealth management entities, NULIS Nomine...

Macquarie to sell its 95 million shares in Oceania Healthcare

Macquarie Group (ASX: MQG) has gone on selling down some of its stakes in New Zealand based aged care service provider, Oceania Healthcare. As per the Oceania Healthcare?s disclosure to New Zealand Exchange, Macquarie Group has been found selling do...

Shares plunged as Suncorp’s Australian Life Insurance business fell apart

Suncorp Group?s stock was arrowed down on ASX today after the company inked a share sale deed with TAL Dai-ichi Life Australia Pty Ltd to sell its Australian life insurance business for total consideration of approximately $725 million. As recently ...

Yellow Brick stands still on takeover bid rejection

Directors of Yellow Brick Road Holdings Limited remain still on their decision to reject the takeover bid offer given by Mercantile OFM Pty Ltd, a wholly-owned subsidiary of Mercantile Investment Company Ltd. On 20 August 2018, Mercantile OFM Pty Lt...

Rural Funds Group (ASX: RFF)- Rural Funds Group announces higher distribution on 29% growth in income

Rural Funds Group announced final distribution of 2.6075 cents per stapled security on increased earnings of $44 million, an improvement of 29% on previous year. This increase of $9.77 million is mainly attributable to lease income earned from the Na...

Suncorp Group Limited (ASX: SUN)- Suncorp joins Westpac in increasing interest rates

Australia?s leading home lender Suncorp (ASX: SUN) takes the Westpac road by announcing second rise in last six months. The announcement reads that Suncorp will increase all variable home loans rates by 0.17% p.a. and small business loans rates by 0....