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Showing 1 - 10 of 97 results for "Share buyback"

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2026
Pengana Capital Group is again attempting to thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene. Pengana is seeking to prevent ...

New AMP boss outlines vision amid drooping share price

KARREN VERGARA  |  FRIDAY, 10 APR 2026
... capital and delivering sustainable long-term value," he said. The firm is now undertaking a $150 million on-market share buyback to improve earnings per share. Vernon said while the top priority is to grow earnings organically, the board is cognisant ...

Challenger results a 'headline miss'

ELIZA BAVIN  |  TUESDAY, 17 FEB 2026
... dividend of 15.5 cents per share was "a better-than-expected". "CGF have announced today a $150 million on-market share buyback, subject to market conditions and regulatory approval. This will likely disappoint, with investors expecting far more than ...

Australian profits flat as global earnings soar to record highs

RIDDHIMA TALWANI  |  WEDNESDAY, 21 JAN 2026
Profits of Australia's largest listed companies remained flat in 2025, normalising after an exceptional performance in 2021 and 2022, when high metal and energy prices led to record earnings for commodity firms. The Capital Group Global Equity Study ...

Section 899 ditched but companies face tax uncertainties

KARREN VERGARA  |  MONDAY, 14 JUL 2025
While Australian investors breathed a resounding sigh of relief when US President Donald Trump binned section 899 of the One Big Beautiful Bill Act (OBBBA), local multinationals, however, were lumped with grave uncertainties surrounding the global Pillar ...

AMP shareholders approve executive pay

KARREN VERGARA  |  MONDAY, 14 APR 2025
... per share (EPS) over the past three years. EPS also benefited from a 22% reduction in shares due to our on-market share buyback, part of our $1.1 billion capital return program," she said. During the year, AMP offloaded its advice licensees and support ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... target to $440 million, which was previously $400 million. Additionally, ClearView's board intends to conduct a share buyback for up to 10% of share capital over the next 12 months (in lieu of dividends), given the significant discount of the current ...

AMP profit dives as advice business sale bites

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
... Underlying earnings per share rose 25% to 9.0 cents per share, driven by improved earnings and the positive impact of the share buyback. AMP declared a final FY24 dividend of 1.0 cent per share, 20% franked, declared today, bringing the full year dividend ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... $7 billion, while unveiling a final dividend of 76 cents for the half and a $1 billion increase to the existing share buyback programme. "Our disciplined performance in FY24 has set Westpac up for growth and success," Westpac chief executive Peter King ...

Pengana pauses share buyback

ANDREW MCKEAN  |  WEDNESDAY, 2 OCT 2024
... informed shareholders that although the company's current share price doesn't reflect its true value, it's paused its share buyback program until uncertainties around the Employee Share Loan Plan are settled. The board believes a buyback would normally ...
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