Latest Financial Services News

Finexia Financial Group announces a strategic leadership reshuffle with the return of Neil Sheather as CEO and Managing Director, the appointment of Robert Spano as Executive Chairman, and a new CEO for its childcare subsidiary, Shared Beginnings.

WT Financial Group reports robust FY2025 growth driven by a scalable adviser network and a strategic joint venture with Merchant Wealth Partners, positioning itself for further consolidation in Australia’s financial advice sector.

Findi Limited has raised $9.5 million through secured loan notes to accelerate its BC Maxx rollout with the Central Bank of India and expand its Brown Label ATM fleet. The funding comes with attractive investor options, signaling confidence in Findi’s growth trajectory.

Emu NL has lodged a formal review application against the Takeovers Panel's recent variation of orders, signaling continued regulatory tension in its takeover proceedings.

Clime Capital Limited reports an unaudited $3 million profit for FY25, plans a September dividend, and kicks off FY26 with a profitable July.

ASX has revealed it expects to incur an additional $25 million to $35 million in operating expenses in FY26 due to the ongoing ASIC compliance inquiry. Despite this, the company remains committed to its five-year strategy focused on technology and risk management.

WT Financial Group and its joint venture Investco have incorporated two new 'Hubcos' to consolidate advisory firms and pursue strategic acquisitions, marking a significant expansion in their financial advice platform.

AMP Limited reported a modest increase in underlying net profit after tax to $236 million for the first half of 2025, supported by steady revenues and disciplined cost management across its key business units.

AMP Limited reported a 9.2% rise in underlying NPAT to $131 million for the first half of 2025, driven by growth in wealth management cashflows and cost efficiencies. The company declared a 2.0 cents per share interim dividend and reaffirmed its full-year guidance amid ongoing digital banking expansion and AI integration.

AMP reported a 9.2% increase in underlying net profit after tax to $131 million for the first half of 2025, driven by robust cashflow growth and steady performances across its wealth and banking divisions. The company also declared a 2.0 cents per share interim dividend, maintaining disciplined cost control amid ongoing strategic investments.

AMP Limited reported a 9.2% rise in underlying net profit after tax for the first half of 2025, alongside a declared interim dividend, while navigating fresh legal challenges.

Finexia Financial Group has ended talks on a major disposal deal and is managing loan defaults with fresh collateral, while expanding its childcare lending strategy.