Challenger flags ‘common purpose’ with US-based Apollo

Challenger flags ‘common purpose’ with US-based Apollo

Alongside its financial results,Challenger unveiled plans to build a non-bank lender with US private equity firm Apollo in what could be the beginning of a more collaborative working relationship between the pair.

  • byCharlotte Grieve

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‘Work patterns are changing’:Challenger shifts property focus

‘Work patterns are changing’:Challenger shifts property focus

Challenger’s outgoing chief executive Richard Howes says the key to surviving COVID-19 volatility is ensuring portfolios are defensively positioned by investing in government buildings and neighbourhood shopping centres.

  • byCharlotte Grieve
Challenger shares spike as stake sale fuels takeover talk

Challenger shares spike as stake sale fuels takeover talk

Two global firms have partnered to buy 15 per cent of Challenger,fuelling speculation the ASX-listed annuities specialist might be ripe for a takeover.

  • byCharlotte Grieve
Challenger stock slides 15% after low profit,dividend cut

Challenger stock slides 15% after low profit,dividend cut

Investors were quick to sell off Challenger stock after the half-year results were a fizzer. But there is good news amid the ruin.

  • byCharlotte Grieve
Challenger looks to post-GFC growth amid 13pc profit plunge

Challenger looks to post-GFC growth amid 13pc profit plunge

Challenger's CEO maintains a positive outlook despite bleak domestic annuity sales and plummeting investment values.

  • byCharlotte Grieve
Challenger launches $300m raising,flags no final dividend

Challenger launches $300m raising,flags no final dividend

Challenger is asking investors to tip in up to $300 million in new equity so it can withstand any further market volatility and pounce on opportunities.

  • byClancy Yeates
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Challenger reports hit to funds under management amid super sell-off

Challenger reports hit to funds under management amid super sell-off

Analysts say the annuities specialist might be due for a capital raise after a sell-off in equities markets punched a hole in its assets under management.

  • byCharlotte Grieve
ASX reaches three-week high as risk appetite rises

ASX reaches three-week high as risk appetite rises

The S&P/ASX 200 closed at the highest value since January 24 after a strong session on Tuesday.

  • byDavid Scutt andLucy Battersby
Short seller reveals secrets of a reliable bet

Short seller reveals secrets of a reliable bet

Montaka's Andrew Macken looks for four things when choosing a company to bet against.

  • byLucy Battersby
Challenger hits revised target with $548 million profit

Challenger hits revised target with $548 million profit

The listed retirement products provider said a"lower-for-longer"interest-rate environment crimped investment earnings and performance fees.

  • byStephen Miles
'Lower-for-longer rates'to take bite out of Challenger profits

'Lower-for-longer rates'to take bite out of Challenger profits

Fiscal 2020 earnings estimate falls short of analysts'expectations

  • byStephen Miles