Financial

Humm (ASX:HUM) shares fall over 3% as majority of board members resign
June 22, 2022 01:16 PM AEST| By Bhawna GuptaThe falling through of the proposed sale of Humm Consumer Finance (HCF) to Latitude Group Holdings Limited (ASX:LFS) have led the majority of directors of hummgroup to conclude that they cannot remain on the board of directors with Abercrombie.

Shopping Centres (ASX:SCP) strikes acquisition deals worth A$180M with Primewest
June 20, 2022 12:15 PM AEST| By RitwikaHighlights Shopping Centres Australasia Group will be acquiring five convenience-based shopping centres in Australia The acquisition is likely to complete in July 2022 Shares of SCA Property Group began trading in green today, backed by this a.....

Why are Humm group (ASX:HUM) & Latitude (ASX:LFS) shares in news today?
June 17, 2022 04:21 PM AEST| By Priyanka PayalThe share price of ASX-listed financial services company Humm group limited (ASX:HUM) traded in red on Friday (17 June) after the company revealed that it has agreed to terminate the proposed sale of Humm consumer finance (HCF) to Latitude Group Ho.....

Australian Ethical’s (ASX:AEF) FUM falls 3%; how are shares responding?
June 16, 2022 11:27 AM AEST| By AshishHighlights Australian Ethical expects underlying PAT to be in the range of AU$9.8 million to AU$10.2 million. The company’s FUM has fallen 3% to AU$6.64 billion over the last two months. The net flows for the period between 1 A...

OEQ, N1H, QUE: ASX financial penny stocks with over 25% YTD gains
June 14, 2022 04:46 PM AEST| By Aditi SarkarHighlights The World Bank has warned about the risks of stagflation, which refers to a period of high inflation accompanied by stagnant economic growth The Reserve Bank of Australia has increased the interest rate on Exchange Settlement balance.....

Absolute Equity (ASX:AEG) to merge with WAM (ASX:WLE), shares fall
June 14, 2022 12:57 PM AEST| By Bhawna GuptaInvestment firm Absolute Equity Performance Fund Limited (ASX: AEG) today (14 June 2022) announced that it is merging with another investment company WAM Leaders Limited (ASX:WLE). On the back of the news, both companies’ shares were trading.....

National Australia Bank (ASX:NAB) closed in red today; here’s why
June 09, 2022 06:55 PM AEST| By RitwikaHighlights National Australia Bank shares were highly influenced by its sectoral performance today. Moreover, National Australia Bank shares might have suffered today due to the decision of RBA. NAB’s peers, other major banks.....

Zip (ASX:ZIP) shares plummet over 14% on ASX today, here’s why
June 07, 2022 06:22 PM AEST| By RitwikaThe shares of Zip Co Limited (ASX:ZIP) were spotted trading 12.418% lower at AU$0.670 per share at 2:33 PM AEST on the ASX today (7 June). The share price of Zip has fallen over 90% on the ASX over the past 12 months. On the other hand, Zip’.....

GQG Partners’ (ASX:GQG) FUM goes up 4.6% in May, shares gain
June 07, 2022 12:14 PM AEST| By Sonal GoyalHighlights GQG’s funds under management (FUM), as of 31 May 2022, stands at US$94.6 billion. GQG management reported increase in funds under management across all strategies. GQG is a US-based investment firm. Investment management .....

ACCC delays approval to Link Group’s (ASX:LNK) proposed acquisition
June 06, 2022 07:27 PM AEST| By Sonal GoyalHighlights ACCC has delayed review of proposed acquisition by Dye & Durham Corporation. Dye & Durham provides cloud-based software technology and services to its large client base. Dye & Durham proposed the acquisition of Link Grou.....

CBA, NAB, WBC, MQG: ASX banking stocks end lower ahead of RBA rate decision
June 06, 2022 06:51 PM AEST| By Priyanka PayalThe Reserve Bank of Australia (RBA) is all set to raise interest rates for the second time this year tomorrow. All eyes are set on the RBA meet scheduled for tomorrow (7 June). Unabated inflation has become the biggest concern not only for policy m.....

Why is National Australia Bank (ASX:NAB) share price on investors’ radar today
June 06, 2022 02:05 PM AEST| By Bhawna GuptaHighlights NAB’s shares are trading in red today. The bank has launched its capital notes 6 offer to raise AU$1 billion from syndicate brokers and institutional investors. The face value of each capital notes 6 is AU$100, with an AU$5,00.....

VGI Partners (ASX:VGI) completes merger with Regal Funds
June 06, 2022 12:04 PM AEST| By Sonal GoyalHighlights VGI Partners has acquired 100% shares of Regal Funds to become Regal Partners Limited. The new ticker code of Regal Partners Limited is RPL. Brendan O’Connor is the new CEO and managing director of Regal Partners Limited. .....

Washington H Soul (ASX:SOL) completes Ampcontrol acquisition, shares gain
June 01, 2022 01:02 PM AEST| By Bhawna GuptaHighlights WHSP has completed the acquisition of Ampcontrol by acquiring the remaining stake. The shares of WHSP were trading in green today. WHSP had acquired a significant stake in Ampcontrol in 2005. Washington H. Soul Pattinson and Co.....

NAB (ASX:NAB) shares gain on Citigroup consumer business acquisition
June 01, 2022 12:25 PM AEST| By Sukriti NairAustralia’s top bank, National Australia Bank (ASX:NAB) has completed the acquisition of Citigroup’s Australian consumer business (Citigroup Consumer Business) today (1 June). The acquisition is aimed at NAB’s expansion in the per.....

Growthpoint (ASX:GOZ) buys government office in Dandenong for AU$165M
May 30, 2022 05:10 PM AEST| By Priyanka PayalHighlights Growthpoint Properties Australia has exchanged contracts to buy Government Service Office (GSO) in Dandenong for AU$165 million. The share price of Growthpoint Properties Australia was spotted trading 1.554% higher at AU$3.920 per sh...

EarlyPay’s (ASX:EPY) latest AU$30M facility to fast-track product expansion
May 25, 2022 12:41 PM AEST| By Mohammad ZaidASX-listed secured financing provider EarlyPay Ltd (ASX:EPY) serves SME businesses across invoice, trade and equipment finance. EarlyPay set off its journey as a small business dedicated to providing finance solutions for fellow small business own.....

Zip (ASX:ZIP) shares ended over 5% higher today, here’s why
May 13, 2022 04:40 PM AEST| By Bhawna GuptaHighlights Zip shares closed 5.88% higher at AU$0.99 each today. While Zip did not provide investors with any price-sensitive information today, the most likely cause of the price hike could be broader tech sector improvement. The S&P/ASX .....

CBA (ASX:CBA) posts steady Q3 cash profit; how are shares reacting?
May 12, 2022 10:53 AM AEST| By AshishHighlights CBA’s Q3 cash profit was flat compared to its first-half quarterly average. CBA’s operating income declined 1% to AU$6.1 billion. The bank said that higher non-interest income helped it to offset continued marg...

Money3 (ASX:MNY) launches AU$15M share buyback plan, shares gain
May 11, 2022 12:38 PM AEST| By RitwikaHighlights Money3 today launched its new capital management strategy- share buyback. The strong financial health of Money3 supported the decision to invest in the company’s own shares. Money3 began trading in green on the ASX.....

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