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Suncorp Group Ltd (SUN.AX)

SUN.AX on Australia Stock Exchange

25 Sep 2017
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$0.06 (+0.46%)
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Latest Key Developments (Source: Significant Developments)

Tower Ltd evaluates updated Suncorp Group proposal
Sunday, 25 Jun 2017 04:31pm EDT 

June 26 (Reuters) - Tower Ltd : :Entered a trading halt as it evaluates an updated proposal received from Suncorp Group Limited​.Suncorp through a unit is seeking to acquire all tower shares not already held by Vero at NZ$1.40 per share​.Board of directors is now fully assessing proposal with its advisers​.Board make no recommendation in respect of merits of Vero proposal​.  Full Article

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

Australia shares hold soft tone on disappointing earnings, NZ inches lower

Aug 3 Australian shares faltered on Thursday, as earnings from Rio Tinto and Suncorp fell short of investor expectations while the country's narrower trade surplus also failed to inspire.