Financial Services

Healthy numbers for HBF

The state’s biggest health insurer, HBF, has shrugged off a challenging market to grow revenue and break the 1 million mark for membership, as it continues to push outside its Western Australian home base.

CEO lunch with Sherif Andrawes

Born in Egypt and raised in Scotland, Sherif Andrawes brings a world of experience to his role as WA chair of global accounting firm BDO, as Business News discovered over lunch at Julio’s in West Perth.

Peppermint in deal with Philippines bank

Recently-listed technology company Peppermint Innovation will supply its remittance system to a bank based in the Philippines under a new partnership deal.

Vale Shane Gherbaz

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Pioneer Credit delivers record results

Financial services provider Pioneer Credit has boasted a record year of growth, with increases in revenue, net profit and customer numbers.

Otsana sets up shop in Israel

West Perth-based advisory firm Otsana Capital has established an office in Israel to work closer with startups in the region seeking a presence on the ASX.

Pennells launches new venture

Mortgage broking pioneer Greg Pennells has launched a new venture that will partner with Choice Aggregation Services, a company he sold for $163 million in 2007.

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.

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.

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.