Browsing Tag
Westpac Banking Corporation
13 posts
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.
Eureka Group (ASX: EGH) to buy A$123.8m NSW portfolio as EPS guidance rises 22%
Eureka Group Holdings has agreed to acquire six New South Wales communities from Ingenia Communities for A$123.8 million, increasing homes and sites under management by 21%. The transaction lifts FY27 underlying EPS guidance to at least 4.2 cents, but requires a A$80.2 million entitlement offer that will expand Eureka's ordinary share base by roughly 30%.
Ashley Services (ASX: ASH) lifts EBITDA 70% as logistics acquisition expands growth base
Ashley Services Group delivered record A$602.2 million revenue and nearly tripled net profit in FY26, prompting a 16.7% share-price gain. The bigger FY27 catalyst may be a newly acquired labour-hire customer portfolio that generated A$162 million of revenue for its previous owner, adding substantial scale with an unusually low variable purchase-price structure.
Ashley Services (ASX: ASH) shares jump 17% as FY26 profit surges 190% to A$6.3m
Ashley Services Group delivered record A$602.2 million revenue and nearly tripled net profit in FY26, prompting a 16.7% share-price gain. The bigger FY27 catalyst may be a newly acquired labour-hire customer portfolio that generated A$162 million of revenue for its previous owner, adding substantial scale with an unusually low variable purchase-price structure.
Commonwealth Bank of Australia (CBA) posts A$10.98bn FY26 profit as system-plus growth meets cost scrutiny
Commonwealth Bank of Australia's A$10.98 billion FY26 cash profit and A$5.05 dividend clash with a 2% share drop, raising the FY27 cost and margin question.
Why Westpac Banking (ASX: WBC) shares fell over 4% despite a A$1.8bn Q3 profit print
Westpac posts Q3 profit of A$1.8bn and pro forma CET1 of 12.3%, setting up a probable November FY26 buyback as mortgage volumes drop 20% since May.
Count (ASX: CUP) has completed its A$72m Oracle deal, now the integration test begins
Count completes its Oracle Group acquisition, but adviser retention, earnings delivery and debt reduction will decide whether the A$72m deal creates value.
The big banks bleed: Why the S&P/ASX 200 Financials Index (XFJ) is staring at a fresh three-month low
Banks are repricing faster than retail investors expected. The RBA went hawkish, Westpac's margins slipped, NAB's profit dropped. The 16 June meeting decides the next leg.
Tabcorp (ASX: TAH) collapse deepens as AUSTRAC compliance probe revives 2017 AML breach memories
Tabcorp paid A$45m for AML breaches in 2017. AUSTRAC just sent another letter. The market priced in the worst case before management could speak.
Westpac shares run 3.1% as HY26 result and dividend chase fuel WBC bid
Westpac just delivered A$3.4bn profit and a 77c franked dividend. Brokers are still split between A$31 and A$40. The market has picked a side.