PERPETUAL ORD
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
OZ Minerals recommends BHP’s takeover offer, Endeavour Group’s national gambling operator faces 62 charges and ASX scraps blockchain project
OZ Minerals (ASX: OZL) has announced its board plans to recommend the latest revised takeover offer from mining giant BHP Group (ASX: BHP) of $28.25 per share, valuing OZ Minerals at $9.6 billion. The offer beats BHP’s previous offer of $25 per share tabled 15 weeks ago, which OZ deemed too low. However, after renewed […]
Australia’s major banks raise rates, Flight Centre reopens 35 stores and Perpetual rejects $1.7b takeover
Australia’s four major banks, Commonwealth Bank (ASX: CBA), National Australia Bank (ASX: NAB), Australia and New Zealand Banking Group (ASX: ANZ), and Westpac (ASX: WBC) have announced increases to home loan rates by 25 basis points this month. The move follows the Reserve Bank of Australia’s hike, seventh in as many months, which raised the […]
Nine Entertainment posts record profits, Pendal accepts Perpetual takeover bid and Origin Energy announces climate transition plan
Media company Nine Entertainment (ASX: NEC) has experienced a 35% rise in full-year net profits to $315 million, allowing the company to announce a record dividend payment and proposed $341 million buyback. The company’s profits were driven by a growth in subscriptions, as well as a buoyant advertising market. Nine chief executive officer Mike Sneesby […]