Latest Banking News

Flagship Investments Limited posted a solid 9.1% gain in its investment portfolio for the half-year ending December 2024, despite a notable decline in total comprehensive income. The company declared a fully franked interim dividend of 5.1 cents per share, reflecting steady shareholder returns.

The Supreme Court of New South Wales has approved MyState Bank’s acquisition of Auswide Bank via a scheme of arrangement, setting the stage for a significant consolidation in the Australian banking sector.

Hartshead Resources has submitted a development programme and budget to the P2607 Joint Venture, proposing a new gas export route through CalEnergy’s Saturn Banks pipeline, promising reduced capital expenditure and accelerated production timelines.

DigitalX Limited has significantly increased its Solana holdings and reported robust fund performance for January 2025, capitalizing on favorable market and regulatory shifts.

Domino's Pizza Enterprises signals a strategic reset with the closure of 205 underperforming stores, primarily in Japan, aiming to sharpen focus and improve profitability while maintaining steady earnings guidance.

Hotel Property Investments (HPI) reported a resilient H1 FY25 with a $1.26 billion portfolio and upgraded its distribution guidance to 19.7 cents per security, despite significant governance changes amid a takeover bid.

Nick Scali Limited reported a robust 1H FY25 with revenue growth and profits exceeding guidance, despite ongoing UK market disruptions and restructuring costs.

JPMorgan Asset Management has announced the final cash distributions for February 2025 across several of its active ETFs, providing investors with key dates and reinvestment options.

Findi Limited has won a significant contract to deploy 900 additional ATMs for Union Bank of India, promising up to $80 million in revenue over eight years and reinforcing its position in the Indian financial services market.

The Calmer Co. International Limited has secured a FJD2.64 million loan from Fiji Development Bank to acquire its Navua manufacturing site, marking a strategic step to enhance production and market presence in the global kava industry.

REA Group Ltd has delivered a robust half-year performance, reporting a 20% increase in revenue to $872.9 million and a 26% rise in net profit after tax to $313.9 million, driven by strong growth in both Australian and Indian markets.

BlackRock Investment Management (Australia) Limited has announced estimated cash distributions for three Australian iShares ETFs, outlining key dates and reinvestment options for investors.