Financial Stocks

Magellan (ASX:MFG) shares tumble over 8%. Here’s why

 Magellan (ASX:MFG) shares tumble over 8%. Here’s why

Magellan Financial Group Limited’s (ASX:MFG) shares have dipped below 5% today (4 July). In fact, the MFG shares rank second in the top losers list on ASX, this afternoon. However, MFG’s annual dividend yield is still high. Shares seem impacted by the fin

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What Retirees Have Done To Stop Franking Credit Change?

What Retirees Have Done To Stop Franking Credit Change?

The Labor?s plan of making the franking credits non-refundable is being criticized by the shareholders, and the policy would severely impact the one million retirees. The fund manager named Geoff Wilson has shown his criticism in Wilson Asset Managem...

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OFX Group Limited’s Shares Tumbled 6 Percent On ASX After Announcing First Half Results Of FY 2019

OFX Group Limited’s Shares Tumbled 6 Percent On ASX After Announcing First Half Results Of FY 2019

On 20 November 2018, OFX Group Limited (ASX: OFX) announced its results for 6 months ended 30 September 2018, following which the share price of the company decreased by 6.0 percent as on 20 September 2018. The company reported that as at 30 Septemb...

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ZIP’s Shares Uplifted On ASX After Announcing Partnership With Bunnings Group

ZIP’s Shares Uplifted On ASX After Announcing Partnership With Bunnings Group

The interest-free credit card disruptor ZIP Co Limited?s (ASX:?Z1P) shares uplifted by 2.151 percent on 20 November 2018, following an announcement regarding a partnership with Bunnings Group Limited (Bunnings) to offer Zip interest-free payments to ...

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Medibank Private Plunges On Loss Of A Key Contract

Medibank Private Plunges On Loss Of A Key Contract

Medibank Private Limited (ASX:MPL) released a notice pertaining to requesting for a halt in trading on November 19, 2018 i.e. today. In absence of any new announcements made by the company to ASX, MPL planned to commence its normal trading by Novembe...

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CEO Matt Comyn: Commonwealth Bank Caught In “Escalating Cycle” Of Funding Remediation

CEO Matt Comyn: Commonwealth Bank Caught In “Escalating Cycle” Of Funding Remediation

In the latest hearing of Hayne Royal Commission, Commonwealth?s Chief Executive Officer Matt Comyn admitted that the Bank has been stuck in the ?escalating cycle of funding remediation, resolution and rectification? as it has not adequately invested ...

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Growthpoint Properties Went Into A Trading Halt Ahead Of Acquisition And Equity Raising

Growthpoint Properties Went Into A Trading Halt Ahead Of Acquisition And Equity Raising

Growthpoint Properties Australia (ASX: GOZ) today requested a trading halt in its securities pending an announcement relating to proposed acquisition of Queensland based A-grade office asset and the right issue placed to partially fund the transactio...

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The Share Price Of HUB Spiked After The AGM Presentation

The Share Price Of HUB Spiked After The AGM Presentation

In the AGM of Hub24 Limited (ASX: HUB) held on 19 November 2018, the managing director of the company addresses about the business highlights, its financial results, the market and growth opportunities of the company, the outlook of the company and f...

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What Macquarie Group Investors Need to Know?

What Macquarie Group Investors Need to Know?

There is something that could cheer up the investors in the Macquarie Group Limited (ASX: MQG). The company has informed the market players that the company is expected to report net profit amounting to $2.9 billion in FY 2019. This positive news com...

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As Hearts and Minds LIC Gets Going, Fund Managers Rise In Stature

As Hearts and Minds LIC Gets Going, Fund Managers Rise In Stature

To proclaim themselves as the market's sharpest minds and index-beating returns are delivered in disobedience of a dipping equity market, a new generation of fund managers are inclined on bold involvement and finely tuned ideas. On Friday, Hearts an...

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Can This Recent Step Of NAB Help In Winning Back Customers’ Trust?

Can This Recent Step Of NAB Help In Winning Back Customers’ Trust?

The market participants are keeping a close watch on the banking sector in Australia primarily because of the misconduct which was highlighted by the Royal Commission. Because of this misconduct, the banks have lost their footing in terms of trust an...

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