Browsing Tag
Sydney
78 posts
Perpetual (ASX: PPT) reports A$9.6bn outflows as Barrow Hanley loses US mandates
Perpetual has reported substantial asset management outflows during the September quarter, driven by withdrawals from major institutional strategies, while its Corporate Trust division reached a record A$1.4 trillion in funds under administration.
Transurban (ASX: TCL) traffic rises 3.1% as Sydney M7 and Melbourne West Gate Tunnel drive growth
Transurban has reported higher traffic across its Australian and North American toll road networks, supported by recently completed projects, while underlying growth is more moderate after excluding the new West Gate Tunnel.
Australian Ethical Investment (ASX: AEF) reports A$130m superannuation inflows in FY27 first quarter
Australian Ethical Investment has reported stronger superannuation inflows for the September quarter, but redemptions from managed investment products and adverse market movements caused total funds under management to decline slightly.
Westpac (ASX: WBC) plans 102 job cuts in Risk, Institutional Banking and Finance reset
Westpac Banking Corporation is consulting on a restructuring affecting 174 positions across Risk, Institutional Banking and Finance, including 102 proposed redundancies and 72 moves into comparable roles. The cuts arrive while the Australian bank remains strongly capitalised and profitable, turning the workforce action into a test of whether simplification can lower structural costs without weakening risk oversight or institutional banking execution.
Abacus Group (ASX: ABG) exits Storage King stake for A$284.8m as gearing falls toward 30%
Abacus Group has agreed to sell its entire 19.6% holding in Storage King Group for A$284.8 million, sacrificing some net tangible asset value in exchange for lower leverage and a cleaner focus on Australian commercial property.
MA Financial (ASX: MAF) shares jump 11% as EPS doubles and recurring revenue reaches 72%
MA Financial shares jumped 11% as underlying EPS rose 45% excluding notable items, AUM reached A$15.5bn and recurring revenue climbed to 72%.
Lendlease (ASX: LLC) shares sink nearly 10% as A$3.7bn debt overshadows a fivefold construction EBITDA jump
Lendlease's construction EBITDA surged fivefold, but a A$749m loss, A$3.7bn debt and unfinished asset sales sent ASX: LLC sharply lower.
IREN Limited company profile: Can a Bitcoin miner become a $4bn AI cloud platform?
IREN Limited is attempting one of the technology sector’s most ambitious business-model transitions, converting power-rich Bitcoin mining infrastructure into an artificial intelligence cloud platform. Contracts with Microsoft Corporation, NVIDIA Corporation and several AI developers have strengthened its growth case, but the gap between contracted annualised revenue and recognised financial results remains the critical issue for investors.
Energy Action reports A$12.2m FY2026 revenue as higher costs pressure earnings
Energy Action expanded revenue and forward contracted income during FY2026, but weaker earnings expose the cost of building its energy-services platform.
Nexsen (ASX: NXN) jumps as StrepSure validation path sharpens
Nexsen has FDA pathway momentum and Asia hospital validation. The harder test is whether ASX: NXN can turn StrepSure into revenue.