Why Magellan (ASX:MFG) shares closed 7% higher today?

Highlights Pendal Group reported a 31% rise in revenue to AU$362.6 million for the period ending 31 March 2022. Net profit after tax rose 8% from the first half of 2021 to AU$96.7 million. The company’s operating expenses surge...

Highlights In the March quarter, Suncorp Bank increased its home lending portfolio by AU$803 million, or 1.7%. For the quarter, the total impairment charge was a net expense of AU$1 million. The bank’s gross impaired assets fell from AU$...

rs. The Reserve Bank of Australia (RBA) last week announced a 25-basis point hike in official interest rates to tame surging consumer prices. RBA Governor Philip Lowe announced a cash rate increase of 25 basis points to 0.35% Tuesday. “T...

On the ASX today, Insurance broking company, AUB Group Limited (ASX:AUB), announced that it has signed a binding agreement to purchase Tysers, a specialist international insurance broker from London, UK. The acquisition, as claimed by AUB, is part...

Highlights: Magellan Financial Group has inked a deal to sell its 11.6% interest in Guzman y Gomez Limited (GYG) to a Barrenjoey Capital Partners entity. The fund manager’s total Funds under Management (FUM) dropped by AU$1.4 billion to A...

Highlights Westpac reported a fall in cash earnings for the six months to March 2022. The bank’s board declared a fully franked interim dividend of 61 cents per share. Net interest margin (NIM) fell 15 basis points to 1.91%. ...

Highlights Macquarie maintained a cautious stance amid heightened levels of volatility across regions. The company’s board announced a final ordinary dividend of AU3.50 per share. The company didn’t provide any specific f...

Highlights QBE Insurance reported 19% increase in the gross written premium. The company estimates crop gross written premium to reach AU$3.3 billion in 2022. QBE Insurance expects hit of US$75 million due to Ukraine and Russia war. The A...

Highlights Janus reported slashed down earnings in FY22 first quarter on 3 May 2022.  As a result, the company's shares plummeted on the ASX today.  Despite slashed down earnings, Janus will distribute US$0.39 per share of dividend t...

Highlights: AMP provides superannuation, life insurance, pensions and other financial services in New Zealand and Australia. The company shared its results for the first quarter of financial year 2022 today. On the back of the news, AMP’...