LA Private

October 2024

Generation Development’s FUM rises 33% in stellar start to FY25

Generation Development Group (ASX:GDG) has started the 2025 financial year with significant growth, as detailed in their September quarter update. The company’s funds under management (FUM) surged by 33% compared to the same period last year, reaching $3.6 billion. This impressive rise was driven by increased inflows into investment bonds, which hit $209 million for […]

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Volkswagen Finance fined 5.4 million pounds for unfair treatment of UK customers

Volkswagen Finance has been fined £5.4 million by the UK’s Financial Conduct Authority (FCA) for failing to treat customers fairly.  The fine stems from the company’s breach of key regulatory requirements. Between 2017 and 2020, Volkswagen Finance failed to apply stringent affordability checks to ensure that borrowers were capable of meeting their repayment obligations. As

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Gold surges to record highs

Gold prices reached all-time highs on Monday, currently trading around US$2,734.60 an ounce. The conflict between Israel and Hamas has intensified, raising fears of further disruptions in the region and prompting movement to the safe haven asset. Additionally, central banks are expected to ease monetary policy in the coming months. Lower interest rates tend to

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Charter Hall Long WALE REIT weathers turbulent financial year

Charter Hall Long WALE REIT (ASX:CLW) has weathered another turbulent financial year, reporting a 7% decline in operating earnings compared to FY23, largely due to rising interest costs and the impact of asset sales. Operating earnings for FY24 came in at 26 cents per security, matching the company’s guidance, while distributions per security also held

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Sky’s the limit: SKT boosts content with Warner Bros Discovery partnership

Sky Network Television (ASX:SKT) has expanded its partnership with Warner Bros Discovery (WBD), announcing that it will become the exclusive home of the streaming platform Max in New Zealand, starting 30 October 2024. Max, a service that merges the libraries of HBO Max and Discovery+, offers a vast selection of top-tier TV series, films, and

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Building Bradfield: Paving the way for Australia’s tech future

Ken Morrison, CEO of the Bradfield Development Authority, discusses building Australia’s first new city in a century, a high-tech urban project linked to the new Western Sydney International Airport. Paul Sanger: I’m Paul Sanger from the Finance News Network, and today I’m talking with Ken Morrison, the CEO of Bradfield Development Authority. Ken is at

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Macquarie Technology Group secures $450 million refinancing for data centre expansion

Macquarie Technology Group Limited (ASX:MAQ) has announced a significant refinancing deal, expanding its debt facility to $450 million. The new five-year revolving loan facility represents an increase of $260 million over the previous facility, underscoring strong demand from both domestic and international lending institutions. This move supports the company’s ongoing expansion, particularly in its data

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IperionX accelerates titanium production

IperionX Limited (ASX:IPX) is making strides in the titanium industry, with its September 2024 quarterly report highlighting key developments. The company has successfully commissioned the Hydrogen Assisted Metallothermic Reduction (HAMR) furnace at its Virginia facility, marking the first commercial-scale titanium production from 100% recycled scrap titanium. This milestone reinforces IperionX’s goal of creating a sustainable,

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Core Lithium expands Shoobridge exploration following high-grade gold results

Core Lithium (ASX:CXO) continues to see promising results from its exploration at the Shoobridge Project in the Northern Territory. In its latest drilling campaign, the company announced high-grade gold intercepts, including 12 metres at 2.93g/t gold and an impressive 6 metres at 5.12g/t gold. The results come as part of a broader 4,500-metre drilling program,

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