Company updates
Results across the board this week from two major Australian banks ANZ and CBA, US companies CenturyLink and Frontier and Genworth Financial Inc and domestic corporate issuers Genworth Australia, Impact Group and Praeco
Company updates
Genworth Australia has released a mixed set of 1Q17 results with underlying profitability of AUD68.3m (1Q16 AUD61.7m) offset by slowing growth in investor lending and lower interest only lending
Company updates
In this week’s company updates, coal terminals Adani and Dalrymple Bay receive ratings actions from Moody’s, Downer makes an offer for Spotless Group and we provide updated research reports for IMF Bentham, Genworth and Genworth Australia
Company research
Genworth Financial Mortgage Insurance Pty Ltd (Genworth Australia) is a leading provider of lenders’ mortgage insurance (LMI) in Australia, wholly owned by USA based parent Genworth Financial Inc.
Company research
Genworth provides long term care (LTC) and mortgage insurance (MI) products and services throughout the United States, Canada and Australia.
Company updates
In this week’s company updates, Emeco received Federal Court approval for its revised restructuring scheme, Genworth Australia’s issuer rating placed on outlook negative, we provide an updated 2017 research report for Genworth Financial, a new DirectBond from IAMGOLD and Mackay Sugar released further details of its debt reduction plan
Company updates
Emeco announced a revised timeline for its creditors’ meeting, both Genworth Australia and Genworth Holdings Inc. posted multiple updates, IMF Bentham announced the establishment of a $200m US focused litigation funding vehicle, McPherson’s released their preliminary unaudited 1H17 results and NRW Holdings has been awarded a contract from Altura Mining Limited
Company updates
Genworth Australia released its full year 2016 results
Company updates
Genworth Holdings Inc. (Genworth) have posted their full 2016 results, reporting a statutory net loss
Week in review
New Zealand Prime Minister John Key resigns in a surprise move and Italy votes “no” in a referendum, resulting in the resignation of their Prime Minister Matteo Renzi