ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

EQT Plans to Take Japan’s Benesse Private in Over $1 Billion Deal

Swedish investment company EQT plans to take Japanese education services provider Benesse Holdings private in a deal valued at more than $1 billion, by teaming up with the company’s founding family. EQT said Friday that one of its funds would spend 207.95 billion ($1.37 billion) to buy Benesse shares through an tender offer as part … Read more

NAB FY Profit Up 7.6%, Raises Dividend

Updated Nov. 8, 2023 7:41 pm ET SYDNEY—National Australia Bank said increased lending and deposits in its business-related divisions helped to drive a 7.6% increase in its annual profit and an almost 8% improvement in its dividend. The bank said net profit for the 12 months through September rose to 7.41 billion Australian dollars (US$4.74 … Read more

Former NYSE President in Talks to Reboot FTX Exchange

A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded by Sam Bankman-Fried reaches its final stages. Bullish, the crypto exchange run by Farley, fintech startup Figure Technologies and crypto venture-capital firm Proof … Read more

TPG Gains on Stepped Up Deal Activity

Nov. 7, 2023 6:25 pm ET|WSJ Pro Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency. That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that … Read more

Granite Creek Capital Raises $300 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

WeWork Files for Bankruptcy – WSJ

Updated Nov. 6, 2023 9:56 pm ET WeWork filed for bankruptcy, capping the flexible-office-space venture’s remarkable collapse after once being the nation’s most valuable startup.  The company filed for chapter 11 protection in the U.S. Bankruptcy Court in New Jersey.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Westpac Announces Buyback, Raises Dividend Following Strong Results

SYDNEY—Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a 1.5 billion Australian dollar (US$980 million) share buyback and increasing its dividend. Westpac, one of Australia’s major banks, said its net profit totaled A$7.2 billion in the 12 months through September. That was in line … Read more

LVMH to Buy Eyewear Brand Favored by the Stars

PARIS—LVMH Moët Hennessy Louis Vuitton has agreed to buy Los Angeles-based eyewear maker Barton Perreira, part of the luxury conglomerate’s push to extend its reach to goods with mass-market appeal.  Eyewear has emerged in recent years as one of the first purchases that aspiring luxury consumers make before moving on to more expensive items such … Read more

Macquarie’s First-Half Profit Falls, to Launch Up to A$2 Billion Buyback

Updated Nov. 2, 2023 7:52 pm ET SYDNEY—Macquarie Group’s first-half net profit fell by 39%, but the company said its strong capital position means it could soon begin buying back shares worth up to 2.0 billion Australian dollars (US$1.29 billion). Macquarie, Australia’s biggest investment bank and asset manager, said its net profit for the six … Read more