Latest Financial Services News

Novatti has cashed in $1.2 million by selling part of its AUDC shares at $0.80 each, marking its first divestment since incubating the stablecoin issuer in 2022, yet keeps a substantial holding to benefit from future growth.

Vanguard Investments Australia has announced estimated distributions for 34 of its ETFs, with payments scheduled for mid-July 2026. The payouts vary significantly across funds, reflecting diverse asset exposures and income profiles.

Pengana International Equities (ASX: PIA) has announced a one-off fully franked special dividend of 12.5 cents per share, payable in August 2026, as part of a broader capital management plan that includes a proposed off-market buy-back.

Centuria Capital Group has launched the retail component of its $100 million entitlement offer, aiming to raise approximately $35 million. The equity raising supports expansion in AI infrastructure and real estate funds management.

Qualitas Limited has upgraded its long-term Australian funds management EBITDA margin target from over 50% to more than 60%, driven by operational efficiencies and a proprietary AI platform designed to streamline investment processes.

Pengana Capital Group has successfully closed the $267 million initial public offering for its AI Private Opportunities Trust, marking a significant expansion in its fund management portfolio. The new trust is set to begin trading on the ASX on 2 July 2026.

Magellan Investment Partners has announced final distribution amounts for four of its funds ending 30 June 2026, with key dates set for early July and a Distribution Reinvestment Plan available to investors.

Bankers Investment Trust reported a 3.7% NAV total return for the half-year to April 2026, outpacing the FTSE World Index, while declaring a 3.1% dividend increase. Fund manager Alex Crooke announced retirement, with Richard Clode set to take the helm.

RTO Limited reported a net loss of NZD 173,831 for the year ended 31 March 2026, remaining inactive while actively seeking a reverse takeover target. The company faces going concern uncertainty but secured shareholder support with a $200k loan agreement post-year-end.

ClearView Wealth has lodged its Scheme Booklet with ASIC, outlining Zurich's $0.65-per-share takeover offer and setting the stage for a pivotal shareholder vote on 27 July 2026.

TZ Limited has secured $0.50 million through a placement of 16.7 million shares at 3 cents each, using its 10% placement capacity, and is launching a 1-for-4 entitlement offer to raise an additional $2.58 million.

General Capital Limited posted record revenue growth of 18% to $26.76 million for FY26, driven by a 63% jump in loan receivables and a 34% rise in term deposits. The group declared a final dividend, reflecting confidence amid economic uncertainty and a positive credit rating upgrade for its finance subsidiary.