Latest Financial Services News

Rent.com.au reports a 27% revenue increase for the September quarter, driven by the launch of internally funded RentBond® loans and a doubling of recurring revenue to 47% of total income.

Smartpay Holdings Limited’s shares have been suspended from the ASX following New Zealand’s High Court approval of its acquisition by Shift4 Holdings Limited, marking a significant milestone in the payment processing sector.

Pacific Current Group’s total funds under management slipped slightly to A$29.8 billion in Q3 2025, impacted by outflows at IMC Global but buoyed by gains at other boutiques.

QuickFee Limited reports a 9% revenue increase in Q1 FY26 alongside a strategic US Pay Now business sale and a proposed A$28.4 million capital return to shareholders.

BSP Financial Group has reported a robust third quarter for fiscal 2025, with revenue climbing 15% and net profit rising 22%, underpinned by strong operational discipline and strategic investments.

AdNeo Limited reports a robust 54% increase in customer receipts for Q1 FY26, driven by the strategic acquisition of Learnt Group and significant cost synergies. The company also slashes debt and advances its sales pipeline, positioning itself for cash flow positivity within the year.

Associate Global Partners Limited reported a 4.6% increase in funds under management to $1.464 billion for Q3 2025, driven by robust inflows and standout returns from its WCM strategies. The company also sustained positive operating cash flows for the fourth consecutive quarter.

CVC Limited is contemplating a fresh offer of Capital Notes, potentially including a reinvestment option for existing holders, contingent on market and regulatory conditions.

L1 Group Limited has announced a $330 million equity raising to fund expansion initiatives, including new investment strategies and potential acquisitions, following its recent merger with Platinum Asset Management.

L1 Group has appointed Julian Russell as its new CEO and Managing Director, marking a strategic leadership transition aimed at capitalising on growth opportunities. Russell’s proven track record in financial services turnaround sets the stage for renewed momentum.

Jeff Peters has stepped down as CEO and Managing Director of L1 Group following the successful merger with L1 Capital, marking a key leadership transition for the company.

L1 Group has completed its merger with Platinum Asset Management, forming a $16.9 billion investment powerhouse focused on stabilising funds under management and unlocking significant cost synergies.