Latest Financial Services News

Platinum Capital Limited has formally cancelled its planned scheme meeting following the withdrawal of a proposed restructure, yet the scheduled general meeting will proceed as planned on 12 August 2025.

PointsBet’s board has unanimously recommended shareholders accept MIXI Australia’s increased $1.25 per share cash offer, now unconditional and representing a significant premium. MIXI holds 28.2% of PointsBet and may raise the offer further if it gains majority control.

Iress Ltd confirms early-stage discussions with Blackstone and Thoma Bravo amid acquisition speculation, following a withdrawn A$10.50 per share offer from Blackstone.

betr Entertainment has increased its all-scrip takeover offer for PointsBet shares and is seeking shareholder approval for a selective buy-back, reshaping its capital structure and voting dynamics.

Block, Inc. reported a 2% decline in net revenue for Q2 2025, driven by lower bitcoin revenue despite growth in transaction and subscription services. The company posted strong net income and continued its $4 billion share repurchase program.

Sequoia Financial Group reports robust FY25 growth with improved margins and a fully franked dividend, while navigating regulatory scrutiny and governance reforms.

WT Financial Group reports robust FY2025 growth driven by a scalable adviser network and a strategic joint venture with Merchant Wealth Partners, positioning itself for further consolidation in Australia’s financial advice sector.

Findi Limited has raised $9.5 million through secured loan notes to accelerate its BC Maxx rollout with the Central Bank of India and expand its Brown Label ATM fleet. The funding comes with attractive investor options, signaling confidence in Findi’s growth trajectory.

ASX has revealed it expects to incur an additional $25 million to $35 million in operating expenses in FY26 due to the ongoing ASIC compliance inquiry. Despite this, the company remains committed to its five-year strategy focused on technology and risk management.

WT Financial Group and its joint venture Investco have incorporated two new 'Hubcos' to consolidate advisory firms and pursue strategic acquisitions, marking a significant expansion in their financial advice platform.

AMP Limited has announced an ordinary dividend of AUD 0.02 per share for the six months ending June 2025, with a 20% franking credit, payable in late September.

Finexia Financial Group has ended talks on a major disposal deal and is managing loan defaults with fresh collateral, while expanding its childcare lending strategy.