Latest Financial Services News

The Russell Investments Australian Responsible Investment ETF (RARI) posted a solid 18.77% total return for the year ending June 2025, slightly trailing its benchmark index. This update highlights the fund's steady performance amid evolving market conditions.

Savana Asset Management signals a strategic shift favoring US small caps amid easing Federal Reserve rates and cooling enthusiasm for mega-cap tech stocks. Kohl’s standout earnings further boost the fund’s outlook.

Novatti Group has offloaded its Emersion business to CGP Equity for $500,000, marking a strategic pivot to concentrate on its core payments infrastructure in Australia and New Zealand.

MyState Limited has confirmed a fully franked ordinary dividend of AUD 0.11 per share for the six months ending June 2025, alongside a dividend reinvestment plan priced at AUD 4.195 per share.

COG Financial Services is set to broaden its salary packaging and novated leasing footprint across Australia through the $40 million acquisition of EasiFleet. This strategic move positions COG for upcoming government contracts in key states.

Citigroup Global Markets Australia has declared a fully franked AUD 0.30 dividend for its ORG CitiFirst Self-Funding Instalment MINIs, reducing outstanding loan amounts and aligning dividend dates with ORG ordinary shares.

Washington H. Soul Pattinson and Brickworks Limited have scheduled key shareholder meetings and court hearings to advance their proposed merger, aiming to create a newly capitalised ASX-listed entity.

Platinum Investment Management has disclosed a significant partial redemption of approximately $580 million by a major client, expected to impact funds under management in October and November 2025.

Keybridge Capital has secured an extension of its bridge funding facility with WAM Active until late November 2025, maintaining current terms to support its ongoing recapitalisation efforts.

Platinum Asset Management reveals a sharp 86% drop in statutory net profit and a 39% plunge in funds under management for FY25, prompting a cancellation of the final dividend.

Citigroup Global Markets Australia has announced a fully franked AUD 1.11 dividend for WES CitiFirst Self-Funding Instalments, aligning key dates with WES ordinary shares and reducing outstanding loan amounts on warrants.

MA Financial Group has completed its acquisition of IP Generation, issuing over 11 million shares upfront and setting a $10.4 million deferred payment split between cash and shares.