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Financial
Centuria Capital (ASX:CNI) on investor’s radar. Here’s Why.
September 04, 2024 11:40 AM AEST| By Team Kalkine MediaCenturia Capital Group (ASX:CNI) has gained significant investor’s attention lately for numerous reasons. In this article, we have tried to compile those reasons.,Attractive Distributions,One of the most enticing aspects of Centuria is its commitment...
Premier Capital Partners Emerges as a New Contender in Australia's Private Equity Landscape
September 04, 2024 10:13 AM AEST| By Team Kalkine MediaAustralia’s private equity landscape is set to welcome a new player, as Premier Capital Partners (PCP Growth) makes its debut. This new private capital firm is poised to carve out its niche in the mid-market growth sector, particularly within the tec...
Economists Adjust Australia's GDP Growth Forecasts Ahead of June Quarter Data
September 03, 2024 04:49 PM AEST| By Team Kalkine MediaEconomists have updated their forecasts for Australia’s June quarter gross domestic product (GDP), which is set to be released on Wednesday. This revision comes in response to a mixed array of recent economic data, prompting several financial institu...
Macquarie Group Emerging as a Major Player in the Banking Sector
September 03, 2024 12:20 PM AEST| By Team Kalkine MediaMacquarie Group Ltd (ASX:MQG) is steadily increasing its footprint in the Australian banking sector, presenting a formidable challenge to the country's traditional big banks. Although best known for its global investment banking and asset management...
ANZ CEO Acknowledges Reputational Damage Amid Probes and Allegations
September 03, 2024 11:26 AM AEST| By Team Kalkine MediaANZ Group Holdings Ltd (ASX:ANZ) is facing significant reputational challenges, according to CEO Shayne Elliott. The bank is under the microscope following allegations of poor culture and misconduct within its trading practices. These issues have pro...
Olam Agri Extends Namoi Cotton Takeover Bid Amid Regulatory Scrutiny
September 03, 2024 10:54 AM AEST| By Team Kalkine MediaOlam Agri Holding Pte Ltd, a prominent agri-business based in Singapore, has extended its offer to acquire Namoi Cotton Ltd (ASX:NAM) for a third time, now pushing the deadline to October 8. This move comes as the Australian Competition and Consumer...
Is the HUB Share Price Overvalued After a 55% Increase in 2024?
September 02, 2024 03:41 PM AEST| By Team Kalkine MediaThe Hub24 Ltd,(ASX:HUB),share price has surged by 55.2% since the beginning of 2024, raising questions about whether the stock is now trading at an inflated valuation. In contrast, the ResMed CDI,(ASX:RMD),share price has dropped 69.0% from its 52-we...
Australian Shares Slide as Miners and Energy Stocks Drag Down Market
September 02, 2024 01:14 PM AEST| By Team Kalkine MediaAustralian shares traded lower on Monday, primarily impacted by declines in the mining and energy sectors. The S&P/ASX 200 index (.AXJO) was down nearly 0.4% at 8,062.90 points as of 0055 GMT, with the majority of sectors in the red. This follows a 0...
NAB Shares Increase as Bank Predicts Slower Home Value Growth in 2025
August 30, 2024 06:02 PM AEST| By Team Kalkine MediaNational Australia Bank Ltd,(ASX: NAB),saw its share price rise by 0.61% to $38.17 on Friday, continuing a strong week for the major banks. Over the past five days, NAB shares increased by 3.12%, while other big banks also performed well: Westpac Ban...
Commonwealth Bank of Australia Reaffirms Net Zero Commitment Amid Gas Industry Lending Debate
August 29, 2024 07:38 PM AEST| By Team Kalkine MediaCommonwealth Bank of Australia (ASX:CBA) CEO Matt Comyn has reiterated the bank's dedication to achieving net zero emissions by 2050 while defending its approach to lending in the gas industry. Speaking before the House of Representatives Economics C...
NAOS shaves down stake in COG Financial Services; Morgans on ticket
August 29, 2024 04:03 PM AEST| By Team Kalkine MediaThere has been notable activity on the asset finance broking group COG Financial Services' register.,On Thursday morning, a large block trade representing 13.5 per cent of the ASX-listed company was executed through stockbroker Morgans, with shares c...
Mastercard Claims Cash Costs More Than Cards Amid Calls to Limit Fees
August 29, 2024 03:59 PM AEST| By Team Kalkine MediaMastercard argues that the cost of accepting cash is more than twice that of card payments, pushing back against calls to ban or limit the fees it charges banks and merchants for using its payment products. The debate comes amid increasing political...
Zip Co Ltd (ASX: ZIP) Experiences 8% Drop After FY24 Results
August 28, 2024 06:01 PM AEST| By Team Kalkine MediaZip Co Ltd,(ASX: ZIP),, a leading player in the buy now, pay later (BNPL) sector with significant operations in both Australia and the US, saw its share price fall by 8% following the release of its FY24 results. Despite strong growth in revenue and...
S&P/ASX 200 Index Slides as Key Shares See Notable Declines
August 28, 2024 02:36 PM AEST| By Team Kalkine MediaIn afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has reversed its earlier gains, slipping 0.15% to 8,072.8 points. Several notable ASX shares are driving the downturn, with four companies experiencing particularly sharp declines today. Here’s a l...
CBA Chief Economist Stephen Halmarick Announces Departure from the Bank
August 27, 2024 04:17 PM AEST| By Team Kalkine MediaStephen Halmarick, Chief Economist at Commonwealth Bank of Australia,(ASX: CBA),, is set to leave the role after nearly 16 years with the institution. Halmarick, who has led the economics team since April 2020, will continue in his position until the...
Zip (ASX:ZIP) Shares Tumble Despite Strong Revenue Growth Amid Investor Concerns
August 27, 2024 03:32 PM AEST| By Team Kalkine MediaThe share price of Zip Co Ltd (ASX:ZIP), a prominent player in the Buy Now, Pay Later (BNPL) sector, is experiencing significant pressure today. Following the release of its full-year financial results for the 12 months ending 30 June 2024 (FY 2024),...
Perpetual (ASX:PPT) Shares Slide as Investors React to AU$547mn Impairment Charge
August 26, 2024 04:23 PM AEST| By Team Kalkine MediaShares of global asset manager Perpetual Ltd (ASX:PPT) have come under pressure on Monday, dropping 2.68% to AU$20.33 per share. The decline follows the company’s announcement of a significant non-cash impairment charge related to its stakes in two o...
Bendigo and Adelaide Bank Shares Drop 3.71% on Increased Competition and Arrears Concerns
August 26, 2024 01:05 PM AEST| By Team Kalkine MediaShares of Bendigo and Adelaide Bank (ASX:BEN) fell as much as 3.71% to AU$11.94 on Monday, marking their largest intraday percentage drop since 5 August 2024. The decline follows the release of the bank's FY24 earnings report, which has raised concer...
Tyro Payments (ASX:TYR) Shares Surge 15.3% Following Strong FY24 Results
August 26, 2024 01:02 PM AEST| By Team Kalkine MediaTyro Payments (ASX:TYR) has witnessed a substantial rise in its share price on Monday, climbing as much as 15.3% to AU$1.130. This marks the highest level for the stock since March 14. The surge follows the company’s impressive financial results for...
Earnings Roundup: Bendigo and Adelaide Bank, Tyro Payments, NIB Holdings
August 26, 2024 10:45 AM AEST| By Team Kalkine MediaHeadlines:,Bendigo Bank Reports Strong Net Profit Growth,Tyro Payments Surges with Quadruple NPAT Increase,NIB Holdings Sees Impressive 67.4% Profit Growth,The financial sector continues to deliver results during the reporting season, with notable up...
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