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Magellan (ASX:MFG) shares tumble over 8%. Here’s why
July 04, 2022 04:02 PM AEST| By Sukriti NairMagellan 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 th...
Suncorp’s (ASX:SUN) natural hazard costs aligned to guidance; shares gain
July 04, 2022 02:04 PM AEST| By RitwikaSuncorp shares opened trading in green on the ASX today after it shared an update stating that its natural hazard cost in FY22 was aligned to the guidance.
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COG Financial’s (ASX:COG) subsidiary acquires 70% interest in Chevron
July 04, 2022 12:32 PM AEST| By Sonal GoyalCOG Financial informed that its subsidiary company, QPF has acquired 70% interest in Chevron.
Openpay (ASX:OPY) shares jump as it pauses US operations
July 01, 2022 11:54 AM AEST| By Sukriti NairOpenpay to pause its US operations indefinitely and cease loan originations on Opy. OPY share price has jumped over 16% in early trade today. It is aiming to progress with profitability in Australia. It has already made a similar decision for its UK...
ANZ, CBA, NAB, WBC: Australian ‘Big Four’ banks to watch out for
June 30, 2022 04:41 PM AEST| By RitwikaThe ASX 200 index traded in red today, including the ASX 200 Financial sector. Therefore, the big four banking stocks- ANZ, CBA, NAB, and WBC also buzzed in the red territory today.
TYR, NOV, ZIP, CF1: How did these 4 ASX fintech firms perform YTD?
June 29, 2022 06:32 PM AEST| By Bhawna GuptaTyro's offering includes business loans, banking products, and electronic funds transfer at point of sale (EFTPOS) solutions. The business also provides Medicare and private health fund claiming and rebating services.
Equity Story (ASX:EQS) acquires Claude Walker’s ‘A Rich Life’
June 29, 2022 01:03 PM AEST| By Khushboo JoshiDiversified financial firm, Equity Story, has acquired online investing company A Rich Life (ARL). ARL is owned by investment writer and equities commentator Claude Walker. ARL brings to Equity Story around 400 new paying subscribers, a new website a...
Decmil (ASX:DCG) wins AU$98M contract, shares gain over 6%
June 29, 2022 01:01 PM AEST| By Bhawna GuptaFollowing the satisfactory development and completion of the majority of Stage 1 of the Albany Ring Road Project, Decmil Group has been awarded the second phase of the Albany Ring Road Project by Main Roads Western Australia (MRWA).
Macquarie Group (ASX:MQG) intends to raise AU$400M
June 28, 2022 01:51 PM AEST| By Sukriti NairMacquarie Group Limited is likely to offer AU$400 million of capital notes (MCN6). MCN6 are expected to be quoted on the ASX under the code MQGPF. The offer will be available to retail and institutional investors 6 July onwards.
CBA, NAB, WBC, ANZ: How are these ASX-listed banking majors performing today?
June 27, 2022 04:14 PM AEST| By Priyanka PayalToday, the financial sector was the top-performing sector in early morning trade. The shares of four ASX-listed banking giants were up over 2% on ASX.
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Zip Co (ASX:ZIP) shares grabbed investors’ attention today, here’s why
June 23, 2022 06:30 PM AEST| By Priyanka PayalZip Co shares traded 4.301% lower at AU$0.445 per share on ASX at 4:00 PM AEST today. The S&P/ASX 200 Information Technology (Sector) XIJ closed 1.523% higher at 1292.700 points on Thursday (23 June).
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CBA, ANZ, NAB: ASX bank stocks to watch out for amid recession fears
June 23, 2022 06:13 PM AEST| By Sukriti NairPost Lowe’s speech, the banking sector sell-off has paused. ASX200 Banking index (XBK) is up from its six-month low. Covered here are share price movements of National Australia Bank Ltd (ASX:NAB), Commonwealth Bank of Australia (ASX:CBA), Westpac Ba...
Medibank (ASX:MPL) to give AU$682M as COVID-19 financial claims
June 22, 2022 01:32 PM AEST| By Sukriti NairASX-listed health insurance provider, Medibank Private Ltd. (ASX:MPL), shared today that it will return AU$205 million more to its customers. The company is returning this much of cash as part of COVID-19 permanent net claims savings. The payment is...
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.....
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