NAB
Director Trades
| Date | Director | Value |
|---|---|---|
| A. Kitchen | $49,935 | |
| C. Fellowes | $95,887 | |
| A. Irvine | $1,095,896 |
Company News
Handful of large companies are driving the record-breaking share market rally
If you look at the solid share market rallies in both Australia and the United States, one factor really stands out. Both rises have been powered by a small number of shares that have really taken off – Nvidia and the rest of the tech giants in the US market and Commonwealth Bank (ASX: CBA) […]
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 […]
NAB names Andrew Irvine as new CEO, bringing global experience to Australian banking
National Australia Bank (ASX: NAB) has announced that banking executive Andrew Irvine will assume the role of group chief executive officer and managing director in April. A British-Canadian dual citizen, Mr Irvine holds a bachelor of science (hons) in business management and commerce from King’s College London and a master of business administration from Western […]
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 […]
Downer CFO quits, CBA and NAB raise rates ahead of RBA decision and Aussie Broadband celebrates record half year
Downer EDI’s (ASX: DOW) Michael Ferguson is the latest head to roll following the company’s historical revenue misreporting scandal and a “very challenging” half year (H1 FY2023) performance. Mr Ferguson revealed he had resigned from the chief financial officer position on Wednesday and would assist the company with his replacement’s transition over the next six […]
Fortescue charged by WorkSafe, NAB invests in banking hub and BHP reports worker death
Fortescue Metals Group (ASX: FMG) has been charged by WorkSafe for failing to supply documents relating to 34 cases of alleged sexual harassment at three Western Australian mine sites. The incidents allegedly happened at FMG’s Pilbara iron ore mining operations – Christmas Creek, Solomon and Cloudbreak. The number of victims and offenders is unclear. FMG […]
BHP considers early closure of Mt Arthur coal mine, Westpac eyes CBDCs and Woodside records quarterly production
BHP (ASX: BHP) is reportedly considering the closure of its Mt Arthur coal mine in New South Wales ahead of its 2030 target. The potential closure is due to the state government’s coal reservation scheme and a coal price cap announced by the federal government last year. The state government requires thermal coal miners to […]
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