Latest Banking News

Nido Education Limited is set to acquire two high-occupancy incubator services for around $7 million, supported by a substantial $30 million extension to its acquisition facility, signaling robust growth ambitions.

Bendigo and Adelaide Bank has revealed systemic deficiencies in its anti-money laundering and counter-terrorism financing controls following a Deloitte investigation, committing to comprehensive remediation efforts.

Wesfarmers Limited announces a fully franked special dividend of AUD 0.40 per share alongside a $1.10 capital return, both payable on December 4, 2025. Eligible shareholders can participate in the Dividend Investment Plan for the dividend component, marking a significant move in the company’s 2025 capital management strategy.

Chrysos Corporation reports nearly one million monthly PhotonAssay samples and reiterates strong FY26 revenue guidance, while unveiling next-gen assay technologies and global expansion plans.

SPC Global Holdings delivered a transformational FY25 with robust financial results and strategic international growth, setting the stage for a confident 25% EBITDA increase in FY26.

Comms Group has secured a new $10.7 million refinancing package with improved terms, including additional funding capacity for acquisitions and equipment finance. This move aims to enhance financial flexibility and support future growth initiatives.

Metro Performance Glass Limited has returned to profitability in the first half of 2025, posting a NZD 4.5 million profit before tax and significantly reducing its debt through a NZD 23.9 million equity raise.

Viridis Mining and Minerals has locked in a US$30 million strategic funding agreement with Brazilian asset managers Régia Capital and ORE Investments, setting a clear path to Final Investment Decision for its Colossus rare earth project.

Moody’s has upgraded Bendigo and Adelaide Bank’s long-term credit rating to A3, citing strong asset quality and liquidity. The outlook shifts to stable, reflecting confidence tempered with caution.

VHM Limited launches a fully underwritten A$10.3 million placement and a $1 million share purchase plan to fund the Goschen rare earths project, supported by strategic government financing.

VHM Limited has launched a fully-underwritten A$10.3 million placement alongside a A$1 million Share Purchase Plan to advance its Goschen Rare Earths and Mineral Sands Project toward a Final Investment Decision in early 2026.

GR Engineering Services Limited reported a solid FY25 with revenue and earnings growth, increased dividends, and a confident outlook for FY26 driven by a robust project pipeline and strategic opportunities.