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Bendigo Bank launches $300m raise as profit plunges

Bendigo and Adelaide Bank has opened a $300 million capital raise as the company has recorded a 28.2 per cent drop in profit year-on-year fo...

by Sarah Simpkins

more stories

  • APAC braces for virus hit

    As the coronavirus death toll climbs, economies throughout the Asia Pacific are preparing for an impact greater than that of SARS. ...

    by Lachlan Maddock
  • QBE takes climate hit

    QBE has recorded a surge in profits but drawn the ire of shareholders who believe it has failed to act on climate change risks as unusual we...

    by Lachlan Maddock
  • AMP Capital shines through wealth setbacks

    The royal commission has been an “unprecedented disaster” that “trashed” AMP’s brand, but both AMP Capital and AMP Bank will suppo...

    by Lachlan Maddock
  • No end in sight for trade war

    Despite the hype, the signing of the Phase One deal has only seen US President Donald Trump escalate the trade war – and the worst is yet ...

    by Lachlan Maddock
  • AMP blames royal commission for $6.3bn wealth outflows

    In the year since the Hayne commission, AMP has not been able to remedy its burned reputation, failing to prevent it from striking its Austr...

    by Sarah Simpkins
  • Magellan profits rise with massive inflows

    Magellan’s profits have surged and the company has upped its dividend as FUM grew by 29 per cent in 2019.  ...

    by Lachlan Maddock
  • OPEC downgrades oil demand

    OPEC has drastically lowered its forecast for oil demand, with the coronavirus outbreak weighing heavily on its outlook.  ...

    by Lachlan Maddock
  • NAB profits sluggish, MLC sale delayed

    NAB has reported subdued Q1 profits and pushed out the sale of MLC Wealth due to a “challenging” business environment.  ...

    by Lachlan Maddock
  • Coronavirus to hit supply chains: Verisk Maplecroft

    The disruption to global supply chains caused by the coronavirus outbreak could last until 2020 Q3 as new cases climb again, according to Ve...

    by Lachlan Maddock

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