Challenger Limited

Corporate reporting

Challenger flags ‘common purpose’ with US-based Apollo

Alongside its financial results, Challenger unveiled plans to build a non-bank lender with US private equity firm Apollo in what could be the beginning of a more collaborative working relationship between the pair.

2 years ago
Charlotte Grieve

Latest

Challenger CEO Richard Howes says the time was right for him to step down.

Earnings season

‘Work patterns are changing’: Challenger shifts property focus

Challenger’s outgoing chief executive Richard Howes says the key to surviving COVID-19 volatility is ensuring portfolios are defensively positioned by investing in government buildings and neighbourhood shopping centres.

August 10, 2021
Charlotte Grieve

Challenger chief executive Richard Howes.

Private equity

Challenger shares spike as stake sale fuels takeover talk

Two global firms have partnered to buy 15 per cent of Challenger, fuelling speculation the ASX-listed annuities specialist might be ripe for a takeover.

July 7, 2021
Charlotte Grieve

Corporate reporting

Challenger stock slides 15% after low profit, dividend cut

Investors were quick to sell off Challenger stock after the half-year results were a fizzer. But there is good news amid the ruin.

February 9, 2021
Charlotte Grieve

Challenger chief executive Richard Howes said the raising would give it flexibility to take advantage of opportunities with attractive returns.

Corporate reporting

Challenger looks to post-GFC growth amid 13pc profit plunge

Challenger's CEO maintains a positive outlook despite bleak domestic annuity sales and plummeting investment values.

August 11, 2020
Charlotte Grieve

Capital raising

Challenger launches $300m raising, flags no final dividend

Challenger is asking investors to tip in up to $300 million in new equity so it can withstand any further market volatility and pounce on opportunities.

June 22, 2020
Clancy Yeates

Challenger CEO Richard Howes said the company's results "have clearly been impacted by the difficult operating environment we’re experiencing."

Coronavirus pandemic

Challenger reports hit to funds under management amid super sell-off

Analysts say the annuities specialist might be due for a capital raise after a sell-off in equities markets punched a hole in its assets under management.