Challenger Ltd (ASX: CGF) is Australia’s largest provider of ‘annuities’, which are financial products typically sold to retirees who seek reliable income. Challenger was established in the mid-80’s and listed on the ASX in 1987. In 2018, Challenger managed more than $90 billion between its investment portfolio, which is the sum of the money invested by retirees who buy annuities, and its fund management business.
The Challenger Ltd (ASX:CGF) share price is down around 7% after the annuity business reported its FY25 half-year result.
The Challenger Ltd (ASX:CGF) share price is in focus after it was announced Apollo is selling down its stake.
The Challenger Ltd (ASX:CGF) share price is up 6% after reporting its FY24 result to the market. The FY25 outlook was promising.
The Challenger Ltd (ASX: CGF) share price is up 1% after the business announced it’s extending the reinsurance partnership with Mitsui Sumitomo Primary Life Insurance.
The Challenger Ltd (ASX:CGF) share price went up 9% after reporting a strong set of numbers in the HY24 result.
In a rare deviation from (nearly) insightful podcasting, Owen Rask and Drew Meredith, CFP lay out 24 of their best investment ideas across shares, ETFs and personal finance hacks.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -0.11% to 7030.30.
The Challenger Ltd (ASX:CGF) share price is under the spotlight and the Elanor Investors Group (ASX:ENN) share price has soared after a property deal.
The S&P/ASX200 (INDEXASX: XJO) gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and 1.4 per cent, with healthcare and financials not far behind. Energy, however, fell by more than 2.3 per cent on a weaker oil price and talk of further intervention.
