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Challenger’s high interest rate party may be over

Challenger has strong winds at its back, but disappointed investors with its earnings guidance. That is not what the company needed.

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Rising interest rates have put the wind in Challenger’s sails, but it is not making money fast enough for investors.

Having battled away with the annuities dream in a low interest rate environment for years, Challenger has finally landed on more favourable times.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/challenger-takes-two-steps-forward-one-step-back-on-results-day-20230815-p5dwkr