Latest Financial Services News

Pengana Capital Group reports a steady increase in Funds Under Management to $3.84 billion as of October 2025, with a significant $69.1 million capital raise set to boost figures in November.

Virgin Money UK, trading as Clydesdale Bank, has applied to the High Court for approval to transfer its entire banking business to Nationwide Building Society, pending a February 2026 hearing.

HMC Capital has secured an increased and extended revolving debt facility, enhancing its underwriting capacity and supporting strategic growth initiatives, including its energy transition efforts.

CVC Limited has successfully completed an upsized $75 million capital raise through its Notes 3 offer, setting a 4.50% annual margin. The funds will support general corporate needs and potential debt consolidation.

FleetPartners has acquired Remunerator, a seasoned salary packaging and novated lease provider, enhancing its product suite and market position in the leasing sector.

FleetPartners Group Limited reported steady core income growth and strong cash generation in FY25 despite a 16% drop in new business wins, while completing a strategic acquisition to enhance its novated leasing offering.

FleetPartners Group reported resilient FY25 results with core income growth and strong cash generation, completing a $25 million buy-back and declaring an unfranked dividend. The group’s strategic acquisition and cost-saving initiatives set the stage for growth in FY26.

FleetPartners Group Limited reported a 3.2% revenue increase to $786.2 million for FY2025, despite a 3.3% decline in net profit after tax to $75.3 million. The company completed its Accelerate program, delivering $6 million in annualised cost savings and declared a final unfranked dividend of 13.6 cents per share.

Platinum Capital Limited has secured an ASX waiver to extend the initial term of its new investment management agreement with L1 Capital to 10 years, pending shareholder approval at the upcoming AGM.

Equity Trustees Limited announces an off-market buy-back offer for MA Credit Income Trust units, allowing eligible unitholders to sell up to 5% of total units at net asset value as of 31 December 2025.

Citigroup Global Markets Australia announces a partially franked AUD 2.80 dividend for MQG CitiFirst Self-Funding Instalment MINIs, aligning key dates with MQG ordinary shares and adjusting outstanding loan amounts.

Solvar Limited reported solid FY25 results with profit growth, a significant dividend hike, and a positive outlook for FY26 driven by loan originations and commercial lending expansion.