Pendal (ASX:PDL) shares are on investors’ radar today, here’s why

Highlights Pendal Group Ltd has announced its intention to begin an on-market share buyback of approximately AU$100 million post the declaration of its financial results for the six months to 31 March. Pendal’s financial results for the s...

What pulled NAB (ASX:NAB) share price in red today?

Highlights Australian banking biggie National Australia Bank has closed the week’s trade in red. While ASX200 Banking Index (XBK) remained in green, up by about 0.61%, NAB share price lost some shine. Amongst the Big four banks, WBC and ...

Navigator (ASX:NGI) invests in Marble Capital, launches equity raising

Highlights Navigator Global will be ‘strategically’ investing in Marble Capital, a US real estate manager. To fund the transaction, Navigator has announced AU$47 million of equity raise. The investment is likely to be EPS accretive...

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...