Latest Financial Services News

Halo Technologies saw quarterly revenue fall to $3.10 million due to Middle East tensions impacting brokerage income, while cutting UK costs and refocusing on Australian B2B growth. A $2.5 million capital raise and R&D tax refund are planned to support expansion.

Australian Bond Exchange Holdings (ASX: ABE) improved its quarterly cash flow with a $0.9 million equity raise and expanded institutional trading by onboarding Tradeweb Markets, while cost-cutting measures begin to bear fruit.

ARC Funds has boosted its holding in The Term Deposit Shop to a record 74.48%, with funds under administration hitting $597 million. The company is also advancing the sale of non-core assets and completed a $100,000 capital raise to reinforce its balance sheet.

Clime Investment Management has accelerated its strategic pivot by selling its retail advice operations and agreeing to divest its Separately Managed Accounts business, while reporting improved investment performance and a strengthened balance sheet.

Peppermint Innovation advanced its digital payments platform in Q1 2026 with a strategic A$2.1 million capital injection, 10% user growth, and a key legal dispute resolution, positioning for ASX reinstatement.

Omni Bridgeway reports strong investment activity and a robust pipeline for Q3 2026, maintaining solid returns and cost discipline amid global market volatility.

Synergy Group Limited (ASX:IS3) is pushing a substantial 25-for-1 share consolidation, pending shareholder approval on 29 May 2026, aiming to drastically reduce its share count and reset trading dynamics.

Global X Management updates estimated distribution amounts for three ASX-listed ETFs ending April 2026, confirming Dividend Reinvestment Plan eligibility and key payment dates.

ANZ moves to fully own the ANZ Worldline joint venture by acquiring Worldline S.A’s 51% share for $89 million, aiming to deepen its transaction banking services as part of its 2030 strategy.

Axtec Limited has sold its PaySure loan book to Real Flow and secured a minority stake in the fintech, marking a strategic shift towards a platform-focused, AI-driven distribution model.

Butn Limited has signed a memorandum of understanding with a major global bank to launch buyer-led supply chain finance programs in Australia, leveraging Butn’s proprietary platform and the bank’s funding capacity.

Barramundi Limited’s portfolio took a heavy hit in Q1 2026, with a 15.4% adjusted NAV decline amid AI disruption anxieties and geopolitical tensions. The fund responded by trimming tech holdings and adding miners BHP and Rio Tinto, betting on copper demand and scale advantages.