Latest Market News

Pinnacle Investment Management Group has announced a 33-cent per share dividend for the half-year ending December 2024, offering shareholders a fully franked payout option and a Dividend Reinvestment Plan.

Pinnacle Investment Management Group Limited has reported a remarkable 151% increase in net profit after tax for the first half of FY2025, driven by strong performance fees and significant growth in funds under management. The firm’s strategic international acquisitions and diversified affiliate platform underpin its robust outlook amid ongoing market uncertainties.

Pinnacle Investment Management Group Limited has reported a remarkable 150.5% increase in net profit for the half year ended 31 December 2024, alongside a 16.7% rise in revenues and a healthy interim dividend announcement.

Xref Limited reported a solid 10% revenue increase to $10.9 million in H1 FY2025, even as a proposed acquisition by SEEK was narrowly rejected by shareholders. The company plans to continue its growth trajectory as an independent ASX-listed entity with new product launches on the horizon.

The Federal Court of Australia has approved SEQ Hospitality Group’s acquisition of Eumundi Group, setting the stage for a $1.62 per share cash payout to shareholders and imminent suspension of Eumundi’s ASX trading.

JPMorgan Asset Management has updated its February 2025 cash distribution amounts for several of its equity premium income ETFs, reinforcing its commitment to delivering steady income streams to investors.

Green Critical Minerals Limited has launched an offer of up to 10,000 Listed Options at no cost to remove trading restrictions on previously issued options, aiming to facilitate secondary trading and enhance liquidity for investors.

Perenti’s underground mining arm, Barminco, has landed a $120 million contract at Nevada Gold Mines’ Goldrush Project, marking its first US underground mining venture and a strategic expansion into North America.

Sigma Healthcare has secured Federal Court approval for its acquisition of Chemist Warehouse, marking a pivotal step in reshaping Australia's pharmaceutical retail landscape.

Whitebark Energy Limited has announced an off-market takeover offer to acquire all shares and options in King Energy Limited, with unanimous support from King’s board. The offer aims to create a diversified Australian energy company with enhanced market presence and operational synergies.

Bio-Gene Technology Limited has secured A$3 million in U.S. Department of Defense grants to accelerate development of its two nature-derived insecticides, Flavocide and Qcide, targeting both military and civilian markets.

Pro Medicus has inked a $53 million, seven-year contract with BayCare to deploy its Visage 7 cloud-based imaging platform across Florida’s largest healthcare system, marking a major step in its North American expansion.