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Investment

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
As the embattled bank works with regulators over the bond scandal, profits have taken a hit.

Betashares launches ethical fixed income ETF

MATTHEW WAI  |  THURSDAY, 7 NOV 2024
Betashares launched its first-ever ethical fixed income ETF, claiming the strategy will only invest in Australian bonds that are ethically screened.

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
The unrelenting rise in sovereign debt could adversely impact investment markets, according to Magellan Financial Group, particularly as global public debt is expected to exceed US$100 trillion by the end of this year.

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
Australian Unity has divested its banking business, citing increased demands on credit unions and mutual banks.

Perpetual halves investment in embattled Star

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
Perpetual has finally bit the bullet and reduced its holding in Star Entertainment as the company continues to face governance concerns.

US election to add to inflation woes: Experts

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
No matter who wins the US election this week, markets are preparing for the effects of more inflationary policy.

E&P Financial advances delisting

KARREN VERGARA  |  MONDAY, 4 NOV 2024
E&P Financial Group will delist from the ASX after shareholders narrowly approved the move at the Extraordinary General Meeting (EGM).

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
Westpac posted a 3% fall in net profit for the year, however outgoing chief executive Peter King says the bank is in good shape.

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
Macquarie Group has posted a net profit of $1.6 billion for the half year ended September 30, marking a 14% increase from the previous corresponding period.

Future Fund delivers strong 11.9% return

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
Australia's sovereign wealth fund delivered a strong result for the 12 months to September.