Latest Financial Services News

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The Takeovers Panel has issued final orders against Humm Group Limited following misleading statements about a Credit Corp takeover proposal and improper share acquisitions by a major shareholder. The Panel mandates corrective disclosure and divestment of shares to restore market integrity.
Claire Turing
Claire Turing
10 Apr 2026
Diversified United Investment Limited (DUI) has finalised the exchange ratio for its proposed merger with Australian United Investment Company Limited (AUI), with a shareholder meeting scheduled for 16 April 2026 to approve the scheme.
Claire Turing
Claire Turing
10 Apr 2026
Sequoia Financial Group has provided an update on the proposed sale of InterPrac Financial Planning to Conquest Investment Partners, highlighting ASIC’s court action seeking receiver appointment over certain guarantees and ongoing discussions with ASX regarding shareholder approval.
Claire Turing
Claire Turing
10 Apr 2026
Magellan Financial Group Ltd (ASX:MFG) has moved closer to fully acquiring Barrenjoey Capital Partners, proposing to increase its ownership to 100% through a share issuance. The transaction, valued at approximately A$1.6 billion, has received positive market response and awaits shareholder and regulatory approvals.
Claire Turing
Claire Turing
10 Apr 2026
Spheria Emerging Companies Limited (ASX:SEC) has reported its shares traded at an average premium to pre-tax NTA over the 2025-26 financial year, successfully passing a key conditional proposal and confirming its continued status as a listed investment company (LIC).
Claire Turing
Claire Turing
9 Apr 2026
Sandon Capital Investments Limited (ASX:SNC) has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to buy new shares at a 4.1% discount to the recent closing price, aiming to raise up to $10.7 million to support working capital and investment growth.
Claire Turing
Claire Turing
9 Apr 2026
Bendigo and Adelaide Bank has announced new long-term partnerships with Infosys and Genpact to enhance technology and operational efficiency, alongside a 7.6% increase in cash earnings for the third quarter of 2026.
Claire Turing
Claire Turing
9 Apr 2026
Insignia Financial has received Foreign Investment Review Board approval for its proposed acquisition by Daintree BidCo, clearing a key regulatory hurdle. The scheme now awaits shareholder and court approvals, with the board recommending shareholder support.
Claire Turing
Claire Turing
8 Apr 2026
Sequoia Financial Group Ltd has admitted to unintentionally breaching ASX Listing Rule 15.7 after its CEO disclosed details of the InterPrac Financial Planning sale to a journalist during a trading halt. The company is reviewing its continuous disclosure practices to prevent future occurrences.
Claire Turing
Claire Turing
8 Apr 2026
Magellan Financial Group's assets under management fell to A$37.5 billion as of 31 March 2026, reflecting net outflows and market impacts across retail and institutional funds.
Claire Turing
Claire Turing
8 Apr 2026
BlackRock Investment Management (Australia) Limited has released estimated cash distributions for multiple Australian domiciled iShares ETFs, alongside key dates and investor instructions for the April 2026 distribution period.
Claire Turing
Claire Turing
7 Apr 2026
Pinnacle Investment Management Group Limited (ASX: PNI) has extended and increased its debt facility with the Commonwealth Bank of Australia from $100 million to $250 million, enhancing its financial flexibility for growth.
Claire Turing
Claire Turing
7 Apr 2026