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04 November 2024 • By Jessica Penny • 1 min read

Outgoing Westpac CEO reports profit slide in FY24

Westpac’s NPAT saw a 3 per cent decrease in FY24, amid one of its “strongest” ever balance sheets. Westpac has posted a net profit after tax (NPAT) ...

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Macquarie reports $1.6bn profit, maintains ‘cautious’ stance ahead

The ASX-listed company says that it remains well-positioned to deliver superior performance in the medium term. Macquarie Group has reported a net ...

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‘Zombie’ company market cap cracks $3bn

The mining sector is the “most zombified” on the ASX, according to a new report, while there has been a 30 per cent overall growth in listed zombie ...

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Aussie RMBS and European banks stand out amid ‘expensive’ US fixed income

Fixed income investors can find more attractive opportunities in Australian and European credit markets as US fixed income appears expensive, ...

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Super funds merge to create $53bn entity

The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members. CareSuper and Spirit Super ...

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Barings unveils 2 private credit funds targeting Australian investors

Global investment manager Barings has introduced two private credit funds specifically designed for Australian investors. The Barings Australian ...

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Strong fundamentals create ‘encouraging’ outlook for international equities

Despite risks in international equities, the outlook for global companies remains positive, with healthy corporate balance sheets, strong ...

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E&P Financial Group to delist from ASX after narrow shareholder approval

Dixon Advisory parent company E&P Financial Group has confirmed it will be delisting from the ASX after shareholders narrowly voted in favour of ...

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Value stocks rise as tech momentum leaders face new challenges

A shift away from tech stocks, particularly AI-driven ones, is underway as capital expenditure concerns push traditionally defensive sectors into ...

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Growing mega funds spark concerns over illiquid assets, warns analyst

Super funds’ exposure to illiquid assets will need to be closely monitored as mega funds continue to grow larger, an analyst has said

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