Latest Financial Services Sector News

S&P Dow Jones Indices has announced its June 2026 quarterly rebalance of the S&P/ASX indices, with ALS Limited entering the ASX 50 and several notable changes across the ASX 100 and 200 indices effective June 22.

L1 Long Short Fund Limited (ASX:LSF) has declared a fully franked 3.7 cent dividend, continuing a trend of rising payouts amid a standout 44.7% net return over the past year, significantly outperforming the ASX200AI benchmark.

oOh!media posts solid early 2026 revenue growth and launches a $12 million annual savings program, while exiting retail media and navigating takeover bids.

News Corporation reported a 9% revenue increase to $2.185 billion in Q3 FY2026, driven by growth across its media and real estate segments, but net income attributable to stockholders declined 14% amid rising costs and restructuring.

Macquarie Group (ASX: MQG) reported a 30% jump in FY2026 net profit to A$4.85 billion, driven by growth across all divisions and bolstered by strategic investments in AI and sustainability. The board declared a total dividend of A$7 per share and maintained a strong capital position amid ongoing regulatory remediation.

The Federal Court has approved the acquisition scheme for Insignia Financial by CC Capital Partners, setting the stage for a $4.80 per share cash payout and imminent ASX suspension.

Tian An Australia Limited reported a statutory profit of $23.4 million for the year ended 31 December 2025, driven by strong property development sales and a gain from restructuring its major shareholder loan. The company progressed multiple residential projects and improved its net asset position amid a recovering housing market.

ARC Funds Limited (ASX: ARC) has entered a conditional agreement to acquire a 25% minority equity interest in Ausbiz Group Pty Ltd by issuing over 8 million shares to Ausbiz shareholders, subject to customary conditions including shareholder approval.

Sequoia Financial Group has postponed its interim dividend payment to mid-May as it finalises the sale of InterPrac and awaits ASX guidance on a potential shareholder meeting.

Spacetalk Ltd has secured firm commitments to raise approximately $6 million through a two-tranche share placement, alongside appointing Andrew Grover as an independent Non-Executive Director. The capital raise aims to accelerate app development and support growing subscriber demand.

Latitude Group Holdings has finalised the margin and size for its Capital Notes 2 offer, setting a 4.15% annual margin and allocating $130 million following a successful bookbuild.

Challenger Limited’s attempt to acquire Pepper Money has been declined by Pepper’s board, while Challenger moves forward with a $150 million share buy-back program.