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Suncorp Group Ltd (SUN.AX)

SUN.AX on Australia Stock Exchange

12.56AUD
8:48pm EST
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Latest Key Developments (Source: Significant Developments)

Suncorp FY net profit for the period A$1.04 billion; down 8.38 percent
Wednesday, 3 Aug 2016 06:34pm EDT 

Suncorp Group Ltd : FY 2016 preliminary financial report appendix 4E . FY revenue from ordinary activities down 7.39pct to $15.49 billion . Says net profit for the period attributable to owners of co down 8.38 percent to A$1.04 billion . Announces final dividend payment for the year ending 30 June 2016 of 38 cents per fully paid ordinary share . Expects dividend payout ratio of 60% to 80% of cash earnings . Targets maintaining a flat cost base in FY 2017 and FY 2018 . Targets improving underlying NPAT .Targets delivering a sustainable roe of at least 10%.  Full Article

Suncorp updates on effect of east coast storms
Wednesday, 15 Jun 2016 06:33pm EDT 

Suncorp Group Ltd : East coast storms update . Total financial impact of the storms is expected to be in the range of $60 to $80 million . Makes provisions for natural hazards and has an allowance of $670 million for the 2016 financial year . Received approximately 8,000 home, motor and commercial claims . Expects total natural Hazard costs for the year to date to be broadly in line with the annual allowance .  Full Article

Suncorp Group says John Nesbitt to retire as Suncorp Banking & Wealth CEO
Tuesday, 14 Jun 2016 06:41pm EDT 

Suncorp Group Ltd : Banking & wealth CEO to retire . Announced retirement of John Nesbitt as Suncorp Banking & Wealth CEO .  Full Article

Suncorp Group says unit prices A$225 mln subordinated notes
Tuesday, 10 Nov 2015 01:17pm EST 

Suncorp Group:Says AAI Limited prices A$225 million of wholesale, floating rate subordinated notes.Issue proceeds are intended to be used for general corporate purposes and will form part of AAI's shareholder funds investment portfolio.  Full Article

Suncorp Group Ltd's CEO Takes Office
Wednesday, 30 Sep 2015 08:53pm EDT 

Suncorp Group Ltd:Says Michael Cameron officially takes over as Suncorp Group CEO and managing director.  Full Article

Suncorp Group Ltd announces incoming Group CEO
Monday, 13 Apr 2015 07:01pm EDT 

Suncorp Group Ltd:Says that after successfully leading Suncorp for six years, Patrick Snowball will step down in Oct. and return to the UK.Announces appointment of Michael Cameron to position of group chief executive officer and managing director with a start date in Oct.  Full Article