Latest Financial Services News

Eildon Capital Group has received a $0.80 per security takeover offer from Samuel Terry Asset Management, prompting the board to recommend no immediate action while it forms an independent committee to assess the bid.

Platinum Asset Management reported significant net outflows in August 2025, reducing its funds under management to $7.6 billion. The decline was influenced by investor withdrawals and a special dividend tied to a corporate scheme.

BlackRock Investment Management (Australia) Limited has announced an estimated cash distribution of 31.1262 cents per unit for its iShares Core Cash ETF (ASX – BILL), with key dates set for early to mid-September 2025.

Iress Limited has appointed Andrew Russell as its new Group CEO, marking a strategic leadership shift following a major company transformation. Russell’s extensive fintech experience positions him to lead Iress into a product and client-focused future.

MyState Limited has confirmed a fully franked ordinary dividend of AUD 0.11 per share for the six months ending June 2025, alongside a dividend reinvestment plan priced at AUD 4.195 per share.

COG Financial Services is set to broaden its salary packaging and novated leasing footprint across Australia through the $40 million acquisition of EasiFleet. This strategic move positions COG for upcoming government contracts in key states.

Citigroup Global Markets Australia has declared a fully franked AUD 0.30 dividend for its ORG CitiFirst Self-Funding Instalment MINIs, reducing outstanding loan amounts and aligning dividend dates with ORG ordinary shares.

archTIS Limited has opened the retail component of a $17 million entitlement offer to support its acquisition of Spirion LLC’s assets, aiming to expand its US footprint and enhance its cybersecurity product suite.

Platinum Investment Management has disclosed a significant partial redemption of approximately $580 million by a major client, expected to impact funds under management in October and November 2025.

Keybridge Capital has secured an extension of its bridge funding facility with WAM Active until late November 2025, maintaining current terms to support its ongoing recapitalisation efforts.

Citigroup Global Markets Australia has announced a fully franked AUD 1.11 dividend for WES CitiFirst Self-Funding Instalments, aligning key dates with WES ordinary shares and reducing outstanding loan amounts on warrants.

MA Financial Group has completed its acquisition of IP Generation, issuing over 11 million shares upfront and setting a $10.4 million deferred payment split between cash and shares.