Latest Financial Services News

National Australia Bank reported a 1% increase in underlying profit for FY25 with stable cash earnings and a steady fully franked dividend of 85 cents per share. The bank’s refreshed strategy shows early momentum despite rising credit impairment charges.

National Australia Bank reported a 1.2% revenue increase to $20.872 billion in FY25, while net profit dipped 2.9% to $6.759 billion. The bank highlighted progress in customer-centric strategy, technology modernization, and sustainability initiatives.

Perpetual Limited has taken a significant step by entering an exclusivity agreement with Bain Capital Private Equity to explore selling its Wealth Management business, though no deal is guaranteed.

ARC Funds Limited has strategically acquired $2.15 million face value of convertible notes in ausbiz TV at just 20% of their value, issuing 4.47 million new shares as consideration. This move aligns with ARC’s growth strategy to diversify income streams and deepen its investment platform.

Tyro Payments has appointed Nigel Lee as its new CEO, bringing over 25 years of global fintech and payments expertise to lead the company from January 2026. The leadership change signals a strategic push for growth and innovation in Australia’s competitive payments landscape.

Trading in the Munro Climate Change Leaders Fund Active ETF (MCCL) has been temporarily halted pending a forthcoming announcement, raising questions about the fund’s near-term outlook.

VanEck Investments Limited has announced dividend payments and dividend reinvestment plan (DRP) prices for 11 of its exchange traded funds, outlining important dates for investors to note.

Cash Converters International Limited (ASX – CCV) has announced a fully underwritten $25 million equity raising to finance the acquisition of a 29-store Australian franchise network, aiming to expand its corporate footprint and accelerate growth.

ASF Group’s subsidiary has secured AUSTRAC registration as a Digital Currency Exchange, positioning itself for future digital asset opportunities while holding off on active trading.

ASF Group's subsidiary ASF Capital has secured AUSTRAC registration as a Digital Currency Exchange provider, marking a regulatory milestone without commencing crypto operations or holding digital assets.

ASF Group Limited has responded to ASX inquiries following a dramatic spike in its share price and trading volume, denying any undisclosed material information and reaffirming compliance with listing rules.

Bentley Capital Limited has voluntarily suspended trading of its shares on the ASX pending a market announcement addressing a recent price and volume query. The suspension is expected to last until early November, signaling heightened regulatory scrutiny.