Finance News Network

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Finance News Network

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Magellan to Merge with Barrenjoey Capital

02 Mar 2026 - Acquisition values Barrenjoey at $1.6 billion, completion targeted for 2026

OPEC+ to Boost Output Amid Gulf Tensions

02 Mar 2026 - Production increase follows regional attacks, raising concerns over oil supply disruptions

Magellan Requests Trading Halt Amid Merger Plans

02 Mar 2026 - Company prepares for capital raising via placement and share purchase

Energy Stocks, Gold Miners Set to Rally

02 Mar 2026 - Middle East tensions escalate, driving investors toward safe assets and higher oil prices

AI-Powered Fund Outperforms Market

02 Mar 2026 - Phoenix Growth Fund leverages AI for stock selection, delivering impressive returns.

Block Slashes Jobs Amid AI Efficiency Drive

02 Mar 2026 - Dorsey's company cuts 40% of staff, echoing industry-wide shifts.

AI’s Rapid Rise: ‘Speed Kills,’ Warns Marks

02 Mar 2026 - Expert highlights AI's unprecedented adoption rate and potential societal disruption.

Synlait Milk Secures Amendments and Extensions to Banking Facilities

02 Mar 2026 - ASX-listed dairy company updates on amended terms ahead of North Island asset sale completion.

Berkshire Hathaway’s Operating Profit Declines

01 Mar 2026 - Insurance income falls, Occidental Petroleum investment written down as Buffett steps down

Private Credit Faces New Strain and Scrutiny

01 Mar 2026 - Turmoil at Blue Owl and broader concerns raise questions about lending standards

Wall Street Falls Amid Investor Worries

01 Mar 2026 - Financial and tech stocks lead declines as monthly losses accelerate in February

UBS Considers Extending CEO Ermotti’s Tenure

01 Mar 2026 - Board seeks leader to guide pushback against tighter Swiss regulations.

OpenAI Eyes Massive Funding Round

28 Feb 2026 - AI startup seeks $110 billion, valuation soars to $840 billion

Bank of England Appoints New Deputy Governor

28 Feb 2026 - Katharine Braddick to oversee prudential regulation, boost economic growth

Elliott Management Urges Further Action From LSEG

28 Feb 2026 - Activist investor reveals stake, seeks enhanced value from London Stock Exchange Group

UK Mortgage Provider’s Collapse Shakes Wall Street

28 Feb 2026 - MFS implosion raises concerns about wider credit contagion and bank losses

Banks Sued Over Tricolor’s Collapse

28 Feb 2026 - JPMorgan, Barclays, and Fifth Third face investor lawsuit over subprime auto lender.

UBS Proposes New Board Member Elections

27 Feb 2026 - Carstens and Maestri nominated to replace Dudley and Wong at AGM

Eurobank Profit Declines Amidst Growth Initiatives

27 Feb 2026 - Greek lender exceeds targets despite a slight dip in adjusted net profit.

Djerriwarrh Investments sustains enhanced yield through options strategy

27 Feb 2026 - Listed investment company maintains dividend and income premium over ASX 200

AFIC balances dividend stability with disciplined portfolio repositioning

27 Feb 2026 - Listed investment company declares special dividends while reinforcing focus on high-quality long-term holdings

Mirrabooka Investments maintains long-term small cap strategy

27 Feb 2026 - Listed investment company focuses on earnings growth and selective deployment of capital

AMCIL maintains long-term focus on Australian equities and income growth

27 Feb 2026 - Listed investment company targets capital growth and rising fully franked dividends through disciplined portfolio management

Coles Shares Tumble Despite Profit Increase

27 Feb 2026 - Investors unimpressed by Coles' solid result after Woolworths' strong performance

ASX Mixed as Reporting Season Concludes

27 Feb 2026 - Coles outlook disappoints, Block announces job cuts, Bapcor plummets.

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