Latest Financial Services News

AUB Group delivered a robust FY25 with a 17.1% rise in underlying net profit and a 15% dividend increase, while navigating a $45 per share acquisition proposal from an EQT-CVC consortium.

Navigator Global Investments (NGI) reveals a robust business model focused on minority stakes in alternative asset managers, supported by strategic partnerships and a diversified portfolio. The company targets doubling its EBITDA by 2030 amid strong industry tailwinds.

WCM Global Growth Limited has announced an increased fully franked dividend for Q1 FY2026, alongside a progressive dividend policy forecasting steady growth through September 2026.

WCM Global Growth Limited has announced a fully franked quarterly dividend of AUD 0.0209 per share, accompanied by a dividend reinvestment plan offering a 3% discount on new shares.

Income Asset Management has appointed Danielle Press as Chair and elevated CEO Jon Lechte to Managing Director, marking a significant leadership transition following the retirement of long-serving Executive Chair John Nantes.

WCM Global Growth Limited reported a robust FY2025 with net profit soaring to $69.5 million and a 31% portfolio return, prompting increased dividends and a successful $76.7 million capital raise.

CVC Limited has announced a $50 million offer of unsecured, redeemable notes, combining a reinvestment option for existing holders with a new money offer for fresh investors. The notes will pay a floating quarterly interest and are expected to trade on the ASX under code CVCHB.

CVC Limited has announced an offer of $50 million in redeemable, unsecured notes (CVC Notes 3), combining a New Money Offer and a Reinvestment Offer for existing CVCHA holders. The notes will pay floating quarterly interest and are expected to be listed on the ASX under code CVCHB.

Perpetual Credit Income Trust (PCI) has closed its Shortfall Offer ahead of schedule due to robust investor interest, while maintaining its planned Entitlement Offer timetable.

Savana Asset Management’s new white paper confirms its algorithmic valuation model can systematically exploit market inefficiencies, highlighted by Canadian Solar’s recent 120% rally and a potential $12 trillion US capex surge.

L1 Long Short Fund reported a 7.2% net return for FY2024-25 and announced a shift to quarterly dividends, reflecting confidence despite a challenging market environment.

Clime Investment Management’s CIWO securities have been suspended from trading due to regulatory non-compliance, raising questions about the company’s next steps and investor impact.