ANZ
Director Trades
| Date | Director | Value |
|---|---|---|
| S. Elliott | $6,607,976 | |
| H. Kramer | $49,808 | |
| S. Elliott | $218,212 | |
| S. Elliott | $377,425 | |
| S. St John | $14,445 | |
| R. Gibb | $58,827 |
Company News
Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns
Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […]
ANZ acquisition of Suncorp approved following Australian Competition Tribunal decision
After a lengthy wait, ANZ Group (ASX: ANZ) has finally received Australian Competition Tribunal (ACT) approval for its proposed $4.9 billion acquisition of Suncorp Group (ASX: SUN). ANZ initially entered into an agreement to purchase Suncorp in July 2022, however that move was halted by the Australian Competition and Consumer Commission’s (ACCC) decision not to […]
Boomer spending boost could fuel domestic tourism bonanza
Could the combination of a lower Australian dollar, higher interest rates and big spending boomers produce a domestic tourism bonanza? It is an interesting question given some of the recent evidence that higher interest rates are already producing higher spending by those aged above 50. Actual spending information is much better than spending intentions and […]
ANZ-Suncorp deal blocked by ACCC, cites oligopoly concerns
A frustrated Suncorp Group (ASX: SUN) has expressed disappointment at an Australian Competition & Consumer Commission (ACCC) decision to block the sale of its banking division to the ANZ (ASX: ANZ). The ACCC determined that the proposed acquisition had the potential to substantially lessen competition in the Australian home loan market. In her response, Suncorp […]
Australia’s big banks eyeing investments in critical minerals
As Australia’s bankers cast a concerned eye over the nation’s mortgage market in the face of the Reserve Bank’s ever rising interest rate strategy, there appears to be a turnaround in their feelings about backing the country’s mining industry – and critical minerals in particular. Australia’s bankers have been singled out over the past year […]
Bank dividends could be reduced or on hold during pandemic
Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts. First and most importantly, the chairman of the Australian Prudential Regulation Authority (APRA) Wayne Byres has written to all bank boards calling for restraint in dividends, buybacks […]
Banks are back as dividends rebound
The bank bonanza is officially back, with profits and dividends bouncing back strongly after the COVID-19 pandemic. Westpac (ASX: WBC) showed the way with a better-than-expected half-year cash profit which was up 256% from last year’s gloom to $3.5 billion, with the dividend lifted to 58c. More importantly, Westpac chief executive Peter King also outlined […]
TPG Global bids for InvoCare, Xero culls workforce and Myer posts record half sales
Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]
BHP closes-in on OZ Minerals takeover, Newmont lobs bid for Newcrest and Qantas boss apologises – again
BHP Group (ASX: BHP) received approval from Brazil’s competition regulator on Monday for its acquisition of OZ Minerals (ASX: OZL). BHP announced its intent to buy-out OZ Minerals last year, which will help strengthen the company’s concentration in raw materials, particularly copper. Demand for the metal is expected to increase significantly as the world transitions […]
Are bank shares a better investment than bank deposits?
Are you better off investing in a bank or investing with one? The answer in the past year is that you have been much better off buying shares in the banks than taking your cash into the branch and buying their most enticing term deposit, even allowing for rising interest rates. After the tough years […]
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