Latest Financial Services News

Metrics Income Opportunities Trust has updated its dividend announcement, confirming an ordinary dividend of AUD 0.016 per security for the month ending January 31, 2025, payable on February 10.

Findi Limited has won a significant contract to deploy 900 additional ATMs for Union Bank of India, promising up to $80 million in revenue over eight years and reinforcing its position in the Indian financial services market.

REA Group has reported a robust half-year performance for H1 FY25, with revenue climbing 20% to $873 million and net profit surging 26%, driven by strong Australian and Indian market momentum and strategic technology investments.

REA Group has delivered a robust first half FY25 performance, posting a 20% revenue increase and a 26% rise in net profit, underpinned by strong Australian and Indian market growth. The company also announced a 26% higher interim dividend, signaling confidence in its ongoing momentum.

REA Group Ltd has delivered a robust half-year performance, reporting a 20% increase in revenue to $872.9 million and a 26% rise in net profit after tax to $313.9 million, driven by strong growth in both Australian and Indian markets.

Merchant House International Limited has voluntarily suspended trading on the ASX following the resignation of its only Australian director, Ian Burton. The suspension is expected to last until a new Australian director is appointed, anticipated by late February.

AMCIL Limited has refreshed its on-market buy-back facility for another 12 months, appointing Morgans Financial Limited as broker and setting a maximum purchase of over 31 million shares.

Brookfield Capital Partners has submitted a non-binding proposal to acquire Insignia Financial at A$4.60 per share, matching rival offers and setting the stage for a competitive bidding process.

Betashares Mrtn Currie Real Income Fund (RINC) units were suspended from trading on the ASX on 4 February 2025, following a prior announcement in December 2024. This suspension marks a significant operational shift for the managed fund.

WT Financial Group has reported a robust half-year performance with underlying revenue up 33.5% and net profit before tax rising 35.8%, driven by operational efficiencies and growing demand for financial advice services.

The Takeovers Panel has declined to investigate Keybridge Capital’s applications alleging shareholder associations and takeover law breaches, clearing the way for an upcoming board replacement vote.

ARGO Investments Limited has announced a fully franked ordinary dividend of AUD 0.17 per share for the six months ending December 31, 2024, with payment scheduled for March 14, 2025. Shareholders can opt into a Dividend Reinvestment Plan or Bonus Security Plan, both without discounts.