Latest Financial Services News

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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
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
Elanor Investors Group has completed documentation for a $125 million balance sheet recapitalisation with Rockworth Capital Partners, preparing to release HY26 financial results and advance leadership renewal and rebranding initiatives.
Eva Park
Eva Park
7 Apr 2026
ARC Funds Limited (ASX: ARC) has entered a conditional agreement to acquire a 25% minority equity interest in Ausbiz Group Pty Ltd by issuing over 8 million shares to Ausbiz shareholders, subject to customary conditions including shareholder approval.
Claire Turing
Claire Turing
7 Apr 2026
Bank of Queensland (ASX: BOQ) has announced a strategic capital partnership with Challenger Limited (ASX: CGF), involving a $3.7 billion whole-of-loan sale and a forward flow arrangement for equipment finance assets. The deal aims to optimise BOQ’s funding base, support SME equipment finance growth, and enable capital returns to shareholders.
Claire Turing
Claire Turing
7 Apr 2026