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Financial
CBA Pledged To Become 100 Percent Renewable By 2030
November 14, 2018 08:05 AM AEDT| By Team Kalkine MediaCommonwealth Bank of Australia (ASX: CBA) has vowed to become 100 percent renewable? by the year 2030, as part of a push towards embracing a low-carbon future and for this purpose it has signed a 12-year power purchase agreement with the 270-megawatt...
Is This Decision Of Federal Court In Favour Of Westpac Banking Corporation?
November 14, 2018 05:44 AM AEDT| By Team Kalkine MediaThe market players need to know that the banking sector in Australia is exposed to several regulatory risks apart from the risks of the slump in the housing prices as well as stricter lending conditions. The banks? misconduct cannot be overlooked and...
Ordinary Super Funds Are Also To Get Affected By Franking Change
November 14, 2018 04:16 AM AEDT| By Team Kalkine MediaThe Financial Services Council says, that changes around Labor's franking credit, will affect around 2.6 million people in large superannuation funds. Denying few retirees, a cash refund at tax time, labor will make excess franking credits non-refund...
Are These 3 Fintechs Benefitting From Banking Crisis - WZR, SWF And DCL
November 13, 2018 08:49 AM AEDT| By Team Kalkine MediaAs Freedom Insurance turfed its chair and CEO, as the banking royal commission aftermaths continued on November 12, 2018, but other ASX-listed fintech?s estimate that they?re benefiting from the crisis. Wisr Limited (ASX: WZR) in the September quarte...
Both Confidence Indexes And Business Conditions Declined As Per NAB's Latest Economic Survey
November 13, 2018 05:44 AM AEDT| By Team Kalkine MediaDeclining almost 2 points to +12 and +4 index points both the business conditions and confidence indexes were down respectively which in the results of the NAB's latest economic survey shows. Even after declining from the highs seen earlier in 2018,...
Federal Court Refused To Approve Westpac’s $35 Million Penalty
November 13, 2018 03:22 AM AEDT| By Team Kalkine MediaAustralia's second-biggest bank Westpac Banking Corporation (ASX: WBC) could escape an agreed $35 million fine over its lending practices after the Federal Court refused to approve the penalty for Westpac, despite the bank admitted it breached respon...
Elders Limited’s Stock Sky Rocketed On Fiscal 2018 Financial Results
November 12, 2018 03:47 PM AEDT| By Team Kalkine MediaAgribusiness operator Elders Limited (ASX: ELD) today announced the financial results for the full year ended 30 September 2018. The company has posted substantial growth of 9% in the underlying net profit after tax of $63.7 million in Fiscal 2018,...
Afterpay, Flexigroup: What’s Happening In The Payments Industry?
November 12, 2018 07:54 AM AEDT| By Team Kalkine MediaThe payday lenders, debt management firms as well as buy-now-pay later are some of the companies which were carrying out the operations without any regulations. The uncertainty prevails in every business. When things do not go as per the expectations...
Key Takeaways From QBE Insurance Group At UBS Australian Conference
November 12, 2018 05:48 AM AEDT| By Team Kalkine MediaThe management of QBE Insurance Group (ASX: QBE), in the UBS Australian Conference, stated that the company?s performance in Q3 2018, which ended on September 2018, was as expected in regard to all the divisions. They also stated that at the end of Q...
What Happened To Australia And New Zealand Bank Today?
November 12, 2018 04:18 AM AEDT| By Team Kalkine MediaAustralian and New Zealand Banking Group Limited (ASX: ANZ) is witnessing the negative momentum on November 12, 2018 primarily because its shares are going ex-dividend. The bank has announced a final dividend of 80 cents per share which is fully fran...
A Big Step By Big Four Australian Banks: What You Should Know
November 09, 2018 05:51 AM AEDT| By Team Kalkine MediaThe big four banks of Australia namely Australia and New Zealand Banking Group Limited (ASX: ANZ), National Australia Bank (ASX: NAB), Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corporation (ASX: WBC) has taken a big step against t...
APRA Wants To Increase The Capital Requirements For 4 Big Banks
November 08, 2018 02:26 PM AEDT| By Team Kalkine MediaFor the effective functioning of an economy the services of Financial institutions are very important and no matter how careful these institutions are, there is always a possibility of failure. In events of the global financial crisis, the failures o...
Share Price Of SGM Gone Up By 6.769% After The FY18 Financial Highlights
November 08, 2018 08:30 AM AEDT| By Team Kalkine MediaSims Metal Management (ASX: SGM) is successful year-over-year in terms of the financial results improvements. There was an improvement of underlying EBIT as compared to the last fiscal year by 53%. The cause of this improvement was driven by strong i...
Pendal Group Ltd.’s Shares Uplifted Post Announcement Of FY2018 Final Results
November 08, 2018 07:42 AM AEDT| By Team Kalkine MediaOn 8 November 2018, Pendal Group Ltd (ASX: PDL) released it FY18 Annual Report highlighting the continued growth in earnings, achievement of $100 billion in funds under management and Sixth consecutive year of growth in full-year dividend. Following...
Quarterly Results Showed Suncorp Is Maintaining Its Home Lending Portfolio Within APS330 Range
November 07, 2018 07:47 AM AEDT| By Team Kalkine MediaSuncorp Group (ASX: SUN) has shared a quarterly update for the quarter ended 30 September 2018, as per the Australian Prudential Standard 330. Total growth in the lending was 0.5% over the quarter. The home lending portfolio remained within the range...
CBA’s Shares Uplifted After Announcing September Quarter Update
November 07, 2018 02:40 AM AEDT| By Team Kalkine MediaOn 7 November 2018, Commonwealth Bank of Australia (ASX: CBA) held its Annual general Meeting and provided its September quarter trading update to its shareholders. Following the release of the update, CBA?s shares uplifted by 0.421 percent as on 7 N...
IMF Successfully Raised $39 Million Through Conditional Placement Of IMF Bentham Bonds
November 06, 2018 07:48 AM AEDT| By Team Kalkine MediaIMF Bentham Limited (ASX: IMF) is happy to announce its successful completion of raising the funds of amount A$39 million through the bookbuild for its conditional placement of IMF Bentham bonds (Bonds). As per the previous announcement made, the is...
AMP Limited Deal Was Delayed As Industry Super Funds Pushes ASX
November 05, 2018 05:55 AM AEDT| By Team Kalkine MediaAfter multiple shareholders including a powerful industry fund have begun lobbying the exchange, over AMP Limited's controversial life insurance divestment, the ASX has been a talking point since then. The Australian Council of Superannuation Investo...
Westpac’s Profit Remained Flat In FY18 Due To Tough Operating Conditions
November 05, 2018 04:55 AM AEDT| By Team Kalkine MediaWestpac Banking Corporation (ASX: WBC) announced its full-year results on 5 November 2018. As per the company?s CEO Mr. Brian Hartzer, FY 2018 was a difficult year for the Bank as it faced tough operating conditions with higher regulatory, compliance...
NextDC Appoints Deloitte To Conduct Forensic Investigation Of Its Dealings With Bankwest
November 05, 2018 04:51 AM AEDT| By Team Kalkine MediaThe managing director of data storage operator NextDC Limited (ASX: NXT), Craig Scroggie has criticized Bankwest for "aggressive enforcement" and "fee-grabbing behavior? after a default notice of $29 million was issued by the bank to a property trust...
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