Latest Financial Services News

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Platinum Asset Management reported a sharp 86% drop in profit for FY25, driven by a 39% decline in funds under management amid sustained outflows and investment challenges. The company announced a transformative merger with L1 Capital, aiming to create a $16.5 billion asset manager.
Claire Turing
Claire Turing
27 Aug 2025
SIV Capital Limited reported a statutory loss of $112,789 for the year ended June 2025, continuing its operational scale-down with only four active rental contracts. The company remains debt-free with $8.18 million in cash but its ASX securities remain suspended as it evaluates a confidential corporate opportunity.
Claire Turing
Claire Turing
27 Aug 2025
Mayfield Group Holdings has raised its fully franked final dividend to 2.2 cents per share for FY25, reflecting solid financial health and promising ongoing shareholder returns.
Claire Turing
Claire Turing
27 Aug 2025
humm Group has disclosed the key terms of CEO Angelo Demasi’s employment agreement, highlighting a $750,000 salary and significant incentive opportunities tied to company performance.
Claire Turing
Claire Turing
27 Aug 2025
N1 Holdings reported a 6.8% revenue increase to $19.69 million for FY25, while net profit fell 21.1% to $855,826. The company advanced AI initiatives and expanded lending capacity, signaling strategic growth despite profit pressures.
Claire Turing
Claire Turing
27 Aug 2025
betr Entertainment Limited has removed a key condition from its takeover offer for PointsBet Holdings, clearing a significant hurdle in the acquisition process. The move signals increased confidence in completing the deal and reshapes the dynamics for PointsBet shareholders and employees.
Claire Turing
Claire Turing
27 Aug 2025
betr Entertainment Limited has increased its takeover offer for PointsBet shares to 4.375 betr shares per PointsBet share, valuing each at $1.40 and surpassing MIXI’s cash bid. The company also expanded its selective buy-back pool to $90 million, signaling confidence in its acquisition strategy.
Claire Turing
Claire Turing
27 Aug 2025
AVA Risk Group reported a 5% increase in revenue to $31.6 million for FY2025 but saw losses widen by 24% and EBITDA fall by 34%, with no dividend declared.
Claire Turing
Claire Turing
27 Aug 2025
Pengana International Equities has acknowledged breaching ASX disclosure rules by sharing details of a new private credit strategy with media before official announcement, prompting a policy overhaul.
Claire Turing
Claire Turing
27 Aug 2025
WAM Research Limited reported a robust 22.4% increase in its investment portfolio for FY2025, significantly outperforming key ASX indices, while maintaining a high dividend yield of 8.1%.
Claire Turing
Claire Turing
27 Aug 2025
WAM Research Limited reported a robust 22.4% growth in its investment portfolio for FY2025, outperforming key ASX indices and declaring a 10 cents per share dividend, partially franked at 60%. The company’s disciplined focus on undervalued growth stocks underpinned strong returns despite market volatility.
Claire Turing
Claire Turing
27 Aug 2025
L1 Long Short Fund Limited reported a net profit after tax of $99.52 million for FY2025, down 42% year-on-year, yet continues its steady dividend growth with a fully franked final dividend of 6.5 cents per share.
Claire Turing
Claire Turing
27 Aug 2025