Latest Financial Services News

OFX Group is investigating unauthorised access to data involving some clients and people who have interacted with the company. The fintech says there is currently no evidence that client accounts, funds or services were affected, but the scope of the incident remains unclear.

Metrics Real Estate Multi-Strategy Fund units will remain suspended on ASX after the fund failed to lodge its audited financial statements. Reinstatement now depends on the accounts being filed and ASX deciding that trading can resume appropriately.

ASX will keep Metrics Master Income Trust securities suspended after the trust failed to lodge its audited financial statements. Trading will not resume until the accounts are filed and ASX considers reinstatement appropriate.

Pacific Current Group finished FY2026 with no financial debt, A$158 million in cash and a strategic review that could lead to a transaction, a sale or delisting. The balance-sheet repair came alongside lower underlying earnings, a statutory loss and a sharp decline in Victory Park valuations.

Morningstar International Shares Active ETF reported a $53.035 million profit for the year ended 30 June 2026, supported by a large trust distribution despite a loss on fair value movements. Distributions rose to 196.258 cents per unit as net assets expanded to $326.395 million.

Investor Centre’s FY2025 report lays bare the financial strain behind its proposed revival: revenue collapsed, cash fell to just $3,320 and liabilities exceeded assets by $3.81 million. The company is now relying on an unsecured Lake Volta Investments facility and a non-binding restructuring plan after its brokerage subsidiary lost its AFSL.

Suncorp Group has rejected speculation that it is in takeover discussions with Tokio Marine after its shares climbed from $19.05 to $20.18 and trading volumes increased. The insurer told the ASX it had received no takeover offer and knew of no undisclosed information explaining the move.

Australian Foundation Investment Company (ASX:AFI) plans to pay a fully franked 37 cents per share in FY27, including a 10-cent special dividend. The listed investment company will also replace its traditional payment pattern with four quarterly distributions of 9.25 cents.

Booster has secured a further $7.4 million capital commitment for the Booster Innovation Fund, taking total committed and allocated capital above $23 million. The funding announcement arrives alongside disclosure of civil proceedings by New Zealand’s Financial Markets Authority and a new independent director.

Australian Bond Exchange Holdings improved revenue, reduced its annual loss and sharply cut operating cash outflow in FY2026. Yet with only A$249,000 in cash, net liabilities of A$1.43 million and A$2 million of convertible notes maturing from April 2027, the turnaround remains financially fragile.

The Takeovers Panel has extended restrictions preventing Tenstar, Samuel Holdings, Benn Whistler and their associates from dealing in DGR Global shares without prior consent. The orders preserve the existing position while the Panel considers its final response to declared unacceptable circumstances.

Russell Investments Australian Responsible Investment ETF (ASX:RAR) reported a $304,000 loss for the year ended 30 June 2026, reversing a $69.892 million profit a year earlier. The fund still delivered a reported total return of 0.05% and lifted distributions to 168.11 cents per unit.