Latest Financial Services News

Strata Investment Holdings PLC disputes a termination notice from 1000433639 Ontario Inc. regarding a binding letter agreement and is considering legal proceedings to enforce the deal or seek damages.

MIXI Australia confirms its final $1.25 per share offer for PointsBet, now holding a majority stake and closing the bid on 12 September 2025. Shareholders face a decisive moment as the offer will not be extended or increased.

Tribeca Global Natural Resources has initiated on-market share purchases under its Dividend Reinvestment Plan, setting a price ceiling aligned with its recent net tangible asset valuation.

The Takeovers Panel has approved a key variation to betr Entertainment’s undertaking, removing shareholder approval hurdles for MIXI Australia’s participation in a selective share buy-back tied to its competing bid for PointsBet.

Ausbil Investment Management has launched the Ausbil Active Dividend Income Fund – Active ETF, targeting tax effective income and potential capital growth through an actively managed Australian equities portfolio. The Fund will trade on the ASX AQUA market under ticker DIVI, featuring a 0.85% management fee and monthly distributions.

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.

Heartland Group Holdings updates its dividend distribution details for the first half of 2025, confirming an unfranked ordinary dividend and a supplementary dividend with a revised DRP strike price.

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.

S&P Dow Jones Indices has announced its September 2025 quarterly rebalance, reshuffling key constituents across multiple S&P/ASX indices effective September 22. The changes highlight shifting market dynamics with notable additions and removals in sectors ranging from technology to resources.

S&P Dow Jones Indices has announced its September 2025 quarterly rebalance, with significant additions and removals across multiple ASX indices set to take effect before market open on September 22.

The Alternative Investment Trust (AIQ) has extended its on-market buy-back of up to 10% of issued units, signaling continued capital management efforts amid steady market conditions.

Betr Entertainment has raised its takeover offer for PointsBet shares and announced a $90 million selective buy-back to provide liquidity for shareholders, despite a major shareholder's refusal to sell. An Independent Expert finds the buy-back reasonable but notes marginal unfairness.