Trends - Westpac Banking Corp - Business Recorder

Westpac Banking Corp

Westpac flags higher expenses in quarterly update

SYDNEY: Westpac Banking Corp on Monday posted a quarterly cash profit of A$1.8 billion ($1.15 billion), in line with...

Published 28 Aug, 2023 06:27am

Markets

Australia’s ANZ looks beyond housing as rate hikes hit margins

Australian lender ANZ Banking Group Ltd said it was diversifying beyond a residential mortgage market gripped by...

Published 05 May, 2023 09:28am

Markets

Australia's Westpac suffers protest vote at AGM, chairman apologises for share slide

SYDNEY: Australia's Westpac Banking Corp was hit with a so-called "first strike" vote against executive pay plans at...

Published 15 Dec, 2021 10:05am

Markets

Australia shares slip as heavy losses in banks offset strong miners

Australian shares flitted in and out of positive territory to edge down on Tuesday, as losses in the financial ...

Published 09 Nov, 2021 10:03am

Business & Finance

Australian share close higher as CBA boosts financials

Australian shares closed more than 1% higher on Monday, as top lender Commonwealth Bank boosted financials, and...

Published 04 Oct, 2021 02:12pm

Markets

Financials lift Australian shares higher; miners drop on subdued iron ore

Miners were also one of the biggest drags, shedding as much as 1.4% due to a fall in iron ore prices

Published 09 Aug, 2021 10:47am

Markets

Australia, NZ shares rise tracking Wall Street on stimulus boost June

Financials climbed more than 0.9%, snapping a two-day losing streak, as the so-called "Big Four" banks gained.

Published 25 Jun, 2021 09:34am

Markets

Australian central bank cancels bond operation as banks report outages

Representatives of Australian banks did not immediately respond to separate requests for comment.

Published 17 Jun, 2021 11:44am

Markets

Westpac lifts Australian shares higher, miners and oil firms cap gains

In New Zealand, the benchmark S&P/NZX 50 index rose as much as 0.4% to 12,776.60, hitting its highest level since Feb. 18 and rising for a fourth straight session.

Published 03 May, 2021 12:02pm

Markets

Australia, NZ dollars weaken ahead of US central bank meeting

US intermediate-dated Treasury yields rose on Monday after the Treasury Department sold $121 billion in debt to mixed demand, but benchmark 10-year yields were only 1 basis point higher at 1.570%.

Published 27 Apr, 2021 12:12pm

Business & Finance

Fitch raises outlook for Australia's 'Big Four' banks as economy rebounds

However, the ratings agency warned that risks to the forecast would remain until the vaccination programme is completed.

Published 12 Apr, 2021 02:21pm

Markets

Dollar set for best week in three months as pandemic recoveries diverge

The dollar was little changed at 105.55 yen on Friday after earlier edging as high as 105.70 for the first time since Oct. 20.

Published 05 Feb, 2021 11:48am

Markets

Australia, NZ dollars up as yield spreads widen in their favour

The RBA will be buying bonds at a faster pace than the government is selling them, while also expanding its balance sheet more quickly than the US Federal Reserve.

Published 04 Feb, 2021 11:31am

Markets

New Zealand shares fall most in a week; Australia closed

New Zealand-listed shares of Westpac Banking Corp and Australia and New Zealand Banking Group were among the top drags, losing 1% each.

Published 26 Jan, 2021 10:10am

Markets

Australian dollar slips after bleak Dec retail sales data, NZ$ weakens

Westpac on Thursday ditched its call for two more rate cuts from the Reserve Bank of New Zealand (RBNZ) and forecast rates would be held at 0.25% for the foreseeable future.

Published 22 Jan, 2021 10:55am

Markets

Australian, NZ shares higher

SYDNEY/WELLINGTON: Australian shares ended firmer on Tuesday, as mining and financial stocks recovered from sharp...

Published 20 Jan, 2021 04:29am

Markets

Australia shares jump 1%, led by gains in mining and financial stocks

Australia recorded another day with no new locally acquired cases on Tuesday.

Published 19 Jan, 2021 10:56am

Markets

Australia, New Zealand dollars buoyed by risk-on mood

New Zealand government bonds fell slightly, sending yields about half a basis point higher across the curve.

Published 19 Jan, 2021 10:06am

Markets

Australia, NZ dollars firm, keen to say bye bye to Brexit

The news took a toll on safe haven bonds with Australian 10-year futures falling 6 ticks to 98.9600, implying a yield of 1.04% and back toward a recent low at 98.9200.

Published 24 Dec, 2020 08:57am

Markets

Australian shares track Asian peers higher on likely Brexit trade deal

The mining sub-index rose as much as 1.4%. Mining giant BHP Group climbed 2.3% while peer Rio Tinto added more than 1%.

Published 24 Dec, 2020 08:51am

Business & Finance

Westpac's chairman hopes bank will return to 'consistent' dividends

While dividends at Australia's so-called 'Big Four' banks have been constrained by a regulatory limit imposed in light of the pandemic, Westpac was the only one to not pay an interim dividend earlier this year.

Published 11 Dec, 2020 11:57am

Business & Finance

Australia's Westpac to sell Pacific businesses for $312 million

Westpac expects the sale to Papua New Guinea-based Kina Securities Ltd to boost its core capital by 3 basis points, but is writing in an expected loss of A$230 million from the deal.

Published 07 Dec, 2020 10:11am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.14 ▲ 0.24 (12.63%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.94 ▲ 0.66 (12.50%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.16 ▲ 0.43 (11.53%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.82 ▲ 0.79 (9.84%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.39 ▲ 0.27 (8.65%)
Next Capital / Dec 4 Next Capital Limited(NEXT)	6.74 ▲ 0.52 (8.36%)
Shadman Cotton / Dec 4 Shadman Cotton Mills Limited(SHCM)	15.59 ▲ 1.09 (7.52%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Chakwal Spinning / Dec 4 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ -0.15 (-6.91%)
United Brands / Dec 4 United Brands Limited(UBDL)	16.38 ▼ -1.12 (-6.40%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Quetta Textile / Dec 4 Quetta Textile Mills Limited(QUET)	8.20 ▼ -0.55 (-6.29%)
Clover Pakistan / Dec 4 Clover Pakistan Limited(CLOV)	22.30 ▼ -1.32 (-5.59%)
D.S. Ind. Ltd. / Dec 4 D.S. Industries Limited(DSIL)	2.85 ▼ -0.16 (-5.32%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.06
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▼ -0.02
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.36
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.84
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	17,437,792 ▲ 0.03
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	14,817,525 ▲ 5.93
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.28
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 1.84
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	12,962,322 ▲ 0.63

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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Westpac Banking Corp

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