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Financial
Platinum Asset Management Downgraded After Regal Ends Acquisition Talks
December 09, 2024 02:32 PM AEDT| By Team Kalkine MediaHighlights,Platinum Asset Management (PTM) downgraded after acquisition talks end.,Analysts cite uncertain turnaround strategy and reduced earnings forecast.,Platinum shares witness significant decline amid market concerns.,Platinum Asset Management...
ANZ (ASX:ANZ) Appoints Nuno Matos as New CEO
December 09, 2024 01:54 PM AEDT| By Team Kalkine MediaHighlights,Shayne Elliott to step down as CEO of ANZ (ANZ) after nine years.,Nuno Matos, former HSBC executive, appointed as the new CEO effective July 2025.,Matos brings three decades of global banking experience to ANZ.,ANZ Group (ASX:ANZ) has unve...
Platinum Asset Management Shares Plunge After Takeover Talks End with Regal Partners
December 09, 2024 01:40 PM AEDT| By Team Kalkine MediaHighlights,Platinum Asset Management shares dropped sharply after ending takeover discussions.,Regal Partners' shares experienced a slight decline following the announcement.,Discussions reportedly ended due to performance and management confidence c...
CVC Limited's Recent Insider Transactions Unveiled
December 09, 2024 01:39 PM AEDT| By Team Kalkine MediaHighlights,Insider transactions reveal confidence in company strategy.,Significant insider ownership aligns leadership with shareholders.,Recent insider purchase demonstrates potential positive outlook.,Recent insider transactions at CVC Limited (ASX...
GQG Partners (ASX:GQG) Sees Resilient FUM Growth Despite Challenges
December 09, 2024 01:37 PM AEDT| By Team Kalkine MediaHighlights,GQG Partners (GQG) updates its November funds under management (FUM) data.,FUM increases slightly, reflecting resilience despite challenges.,Share buyback plans canceled due to US tax uncertainties.,The share price of GQG Partners (ASX:GQG...
Platinum Asset Management Shares Sink Amid Takeover Collapse and Weak FUM Update
December 09, 2024 11:26 AM AEDT| By Team Kalkine MediaHighlights,Shares Plunge,: Platinum Asset Management shares fell 13% to 90.5 cents following disappointing updates.,Takeover Collapse,: Regal Partners withdrew its proposed acquisition, ending mutual due diligence.,Special Dividend,: Platinum announc...
Nuno Matos to Succeed Shayne Elliott as CEO of ANZ Group Holdings
December 09, 2024 11:21 AM AEDT| By Team Kalkine MediaHighlights,Leadership Change,: Nuno Matos, former HSBC executive, will assume the role of CEO at ANZ on 3 July 2025.,Challenges Ahead,: Matos inherits a legacy of trading scandals and must oversee the integration of Suncorp Group's banking arm.,Compe...
Commonwealth Bank of Australia (ASX: CBA) Share Price Surges Around 40% in 2024. What Drove the Rally?
December 06, 2024 03:43 PM AEDT| By Team Kalkine MediaHighlights,CBA shares have surged nearly 40% in 2024, surprising many investors.,First-quarter FY25 update shows stable earnings despite challenges in the operating environment.,Experts have mixed views on the outlook, with some warning that the stoc...
ANZ Group Holdings Ltd (ASX: ANZ) Shares: What’s Next for the Bank in 2025?
December 06, 2024 03:14 PM AEDT| By Team Kalkine MediaHighlights,ANZ shares up 20% in 2024, but lagging behind other major ASX banks.,Despite challenges, analysts remain optimistic about the bank’s long-term growth.,Outlook for 2025 is positive as Australia’s property market remains resilient.,Despite t...
Can National Australia Bank Ltd (ASX: NAB) Deliver Fruitful Returns in 2025?
December 06, 2024 01:57 PM AEDT| By Team Kalkine MediaHighlights,NAB shares up 26% year-to-date in 2024,FY24 results show a decline in profits, but outlook for 2025 remains uncertain,UBS forecasts a potential 10% drop in NAB shares over the next year,National Australia Bank Ltd (ASX:NAB) has been experi...
Adani Controversy and Its Ripple Effect on GQG Partners (ASX:GQG)
December 06, 2024 12:39 PM AEDT| By Team Kalkine MediaHighlights,GQG's investment in Adani faces backlash after allegations against Adani's leadership,.,Adani's legal challenges impact GQG’s market performance and reputation,.,Fund outflows raise concerns about the future of GQG's assets under managemen...
Zip Co Ltd Shares Surge 432% in 2024; Co-Founder Larry Diamond Steps Down After $100M Share Sale
December 05, 2024 03:55 PM AEDT| By Team Kalkine MediaHighlights,Remarkable Growth,: Zip Co Ltd (ASX: ZIP) shares have surged,432%,this year, now trading at,$3.44,, with a,12% increase,in the last month.,Larry Diamond's Departure,: Co-founder and US chairman,Larry Diamond,has stepped down after a succes...
HMC Capital (ASX: HMC) Rises on $950 Million Acquisition of Neoen’s Victorian Renewable Portfolio
December 05, 2024 03:44 PM AEDT| By Team Kalkine MediaHighlights,Share Price Performance,: HMC Capital's stock is up 0.57% today, reaching $12.26 per share, building on its impressive 146% gain over the last 12 months.,Renewables Acquisition,: The company announced a $950 million deal to acquire French...
URW Expands Stake in German Retail Market with Strategic Acquisition
December 05, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Stake Increase,: URW raises its stake in URW Germany GmbH (URWG) from 51% to 89.9% via a €65 million deal with CPP Investments.,Asset Strengthening,: The acquisition includes five shopping centers and €416 million in cash reserves.,Positiv...
HMC Capital Acquires Neoen’s Victorian Renewable Energy Assets for $950 Million
December 05, 2024 12:17 PM AEDT| By Team Kalkine MediaHighlights:,HMC Capital's Strategic Acquisition:,HMC Capital (,ASX:HMC,) has,acquired,Neoen’s,Victorian renewable energy assets for $950 million, bolstering its energy transition platform and expanding its assets under management to $19 billion.,Sign...
Commonwealth Bank's Swift Reversal of Controversial $3 Withdrawal Fee Sparks Discussion
December 04, 2024 02:33 PM AEDT| By Team Kalkine MediaHighlights,Commonwealth Bank reverses $3 withdrawal fee plans after public outrage,.,The decision impacts approximately,1.2 million customers,nationwide,.,The bank promises a six-month consultation with account holders,.,The Commonwealth Bank (ASX:CB...
CBA and NAB Announce New Chief Economists
December 04, 2024 12:44 PM AEDT| By Team Kalkine MediaHighlights,Luke Yeaman to assume the role of Chief Economist at (CBA) in March,.,Sally Auld named Chief Economist at (NAB), succeeding Alan Oster,.,Recent appointments highlight evolving leadership in Australia’s financial sector,.,Commonwealth Bank...
Small Banking Sector Review: Spotlight on Competition Challenges
December 03, 2024 04:12 PM AEDT| By Team Kalkine MediaHighlights,Review targets competition in Australia's small and medium banking sector,.,Submissions for feedback open until early February,.,Initiated,by Treasurer in collaboration with ACCC,.,Australia's small and medium-sized banking sector is under...
Commonwealth Bank of Australia (ASX: CBA) Share Price Faces Headwinds Despite 51% Annual Gain
December 03, 2024 03:48 PM AEDT| By Team Kalkine MediaHighlights,CBA share price up 0.2%, trailing other big banks today.,CBA introduces $3 fee on assisted withdrawals, sparking customer backlash.,Despite recent underperformance, CBA shares have shown strong annual growth.,The Commonwealth Bank of Austr...
Insurance Australia Group (ASX: IAG) Share Price Hits Five-Year High on Strategic Acquisition and Investor Day Update
December 03, 2024 03:45 PM AEDT| By Team Kalkine MediaHighlights,Shares at a Five-Year High,: IAG share price reaches $8.65, the highest in five years.,Major Acquisition,: IAG to acquire 90% of RACQ's insurance underwriting business for $855 million.,Positive Investor Day,: Reaffirms growth and strong p...
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