Latest Financial Services News

Platinum Capital Limited’s extraordinary general meeting on 1 October 2025 saw shareholders appoint three L1 Capital nominees to the board while rejecting Wilson Asset Management’s candidates, setting the stage for a potential change in investment management.

Platinum Asset Management has finalized its merger with L1 Capital, issuing over 1.65 billion new shares and announcing a rebrand to L1 Group Limited alongside significant board changes and share escrow arrangements.

Betashares Capital Ltd has announced the final distribution amounts payable for September 2025 across a broad suite of its ETFs, providing key dates and reinvestment plan details for investors.

Vanguard Investments Australia has announced estimated distribution amounts for 20 of its ETFs, with payments scheduled for mid-October 2025. Investors can expect detailed income figures across Australian and international equity and fixed income funds.

Global X Management (AUS) Limited has released updated estimated distribution amounts for 12 of its ETFs listed on the ASX AQUA Market, covering the September 2025 period. The announcement includes key dates and confirms distribution reinvestment plan eligibility for all funds.

Australian Unity Limited has appointed Kelly Bayer Rosmarin as its next Group Managing Director and CEO, succeeding Rohan Mead after his 21-year tenure. Bayer Rosmarin’s leadership is expected to drive the company’s strategic transformation and growth in wellbeing services.

Perpetual Limited has updated its dividend announcement, confirming a 10-day VWAP-based DRP price of AUD 19.03 for its unfranked interim dividend of AUD 0.54 per share payable in October 2025.

Rent.com.au reports strong early success with its RentBond® loan product, doubling loan volumes in September and drawing down a second $1 million tranche from its $10 million funding facility with Eldium.

DigitalX Limited has appointed William Hamilton as General Manager following the resignation of Interim CEO Demetrios Christou, as the company continues its search for a permanent CEO.

NIB Holdings Limited has updated its dividend details, declaring a fully franked ordinary dividend of AUD 0.16 per share for the first half of FY2025 and revising the Dividend Reinvestment Plan price to AUD 7.5154.

Australian Unity Limited has successfully expanded its placement of new mutual capital instruments to $160 million, exceeding its initial $100 million target due to strong investor interest. This forms part of a broader equity raising including an upcoming entitlement offer.

AssetOwl Limited has had over $700,000 of debt forgiven by two lenders, significantly reducing its borrowings and strengthening its financial position.