Latest Financial Services News

Platinum Capital Limited has pulled its proposed scheme of arrangement due to insufficient shareholder support but will proceed with an on-market buy-back. Meanwhile, L1 Capital pushes for management control and board renewal.

Credit Corp Group Limited has announced a fully franked ordinary dividend of AUD 0.36 per share for the six months ending June 2025, signaling steady returns for investors.

Credit Corp Group delivered a robust FY25 with a 16% increase in net profit after tax, driven by US debt buying and Australian/NZ lending growth. The company sets an ambitious FY26 outlook, underpinned by a record US investment pipeline and new product launches.

Credit Corp Group Limited delivered a robust 16% rise in underlying NPAT for FY2025, driven by strong US debt buying and consumer lending growth, setting the stage for a record US investment pipeline in FY2026.

Credit Corp Group Limited reported a robust 14.6% revenue increase and an 85.6% jump in profit after tax for the year ended June 2025, alongside a significant dividend hike.

Rent.com.au has secured a $10 million funding facility to self-fund its RentBond® loans, aiming to multiply revenue per loan and deepen renter engagement across Australia’s rental market.

Savana Asset Management’s US Small Caps Active ETF (ASX, SVNP) has demonstrated resilience and strategic differentiation in its first nine months, navigating volatile markets with a contrarian, value-driven approach. A standout investment in Kohl’s Corp highlights the fund’s disciplined algorithmic strategy amid meme-stock mania.

Shift4 Payments has secured Overseas Investment Office approval for its NZ$1.20 per share acquisition of Smartpay, advancing the proposed scheme of arrangement closer to completion.

Hudson Investment Group faces intense scrutiny from ASX after its auditor issued a Disclaimer of Opinion on the 2024 financial report, citing doubts over a $2.4 million property receivable and the company’s going concern status.

PT Aneka Tambang Tbk (ANTAM) has finalized a US$500 million loan facility to support its corporate initiatives, marking a significant material transaction disclosed under Indonesian financial regulations.

WT Financial Group has reported a strong 21% increase in underlying net profit before tax for FY2025, driven by robust revenue growth and improved operational efficiency. The company also announced a new joint venture aimed at fueling future expansion.

Unith Ltd has acknowledged a technical breach of its trading policy following a director's share purchase during a closed period, prompting a comprehensive review of its governance framework.