Financial Services

ThinkSmart to drop ASX listing for AIM

Point-of-sale financing group ThinkSmart has announced plans to undertake an $8.8 million capital raising, delist from the ASX and jump over to London's AIM.

NAB in business structure reshuffle

National Australia Bank is overhauling its business structure, folding parts of its wealth management unit into personal banking and separating its business banking into two units, with former Perth executive Cathryn Carver one of the winners.

RESIMAC to take over Homeloans

An investment group led by Sydney-based Duncan Saville is set to gain control of Homeloans, after the Perth-founded mortgage lender struck a takeover deal with competitor RESIMAC.

Market closes 28.9pts higher

Strong gains across the Australian stock market, led by energy, financial and retail companies, helped push the market higher for an eighth consecutive trading day to an 11-month high.

Lithium, gold stocks lift deal flow

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Gold stocks emerge as top 30 force

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

‘Speculative’ mining stocks head a varied field of performers

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

EBM boss confident of growth in tough market

Alan Bishop has spent 40 years building insurance broker EBM into a national player and worked through many business cycles over that time, but arguably none as tough as the current conditions in Western Australia.

Tough medicine taken for trying times

SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.

Stargroup buys competitor, raises funds

Perth-based ATM machine supplier Stargroup has expanded its network with the acquisition of CashmyATM in a scrip and cash deal worth $4.5 million.

BankVault wins at Silicon Valley event

Local entrepreneur Graeme Speak's cyber security startup business has been named the fintech category winner at the Silicon Valley Forum's World Cup Tech Challenge.

Asic bans former HSBC financial planner

The corporate watchdog has permanently banned former Perth-based financial planner Simson Kwok from the industry for intentionally mishandling more than $4 million of clients' funds while working for HSBC.

Slowdown bites as administrations up

More than 1,000 Western Australian companies went into external administration in the 12 months to March, an increase of nearly 36 per cent on the same period last year, according to the latest ASIC data.

Tech flavour for farmers

A growing uptake of technology for farming practices is likely among the state's agribusinesses in coming months, according to the latest Commonwealth Bank Agri Insights survey.

Quickflix creditors swap administrators

Creditors of movie streaming service Quickflix changed administrators to Deloitte, just two weeks after the company voluntarily appointed partners from Ferrier Hodgson.

Fifth Get Approved broker banned

Another head has rolled in the corporate watchdog's investigation into Victoria Park-based car financing business Get Approved Finance, with Grant Parker permanently banned from the industry.

Top bureaucrats jump ship

The imminent departure of four heavy hitters in the public service couldn't have come at a worse time for the state government.

Lowe to govern RBA

Philip Lowe will take over the reins as the governor of the Reserve Bank of Australia when Glenn Stevens retires in September.

Listings tougher as ASX tightens regs

Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.

AFG upgrades profit outlook

Mortgage broking wholesaler Australian Finance Group has upgraded its profit outlook for the 2016 financial year on the back of continued growth.