ANZ data leak prompts trading halt
ANZ suspended trading yesterday afternoon after inadvertently releasing some telling financial details, days before the bank's scheduled unveiling of its results.
The bank is due to reveal its annual results this Friday, 31 October, but an Excel document posted on anz.com yesterday prematurely leaked some "partial analytical data", showing "cash profit — FX adjusted by Division and Geography", a statement from ANZ said.
Among other things, the figures show the bank's Australia division increased its cash profit 15 per cent in the six months to March 2014 to $2033 million.
ANZ said it usually releases a template to help shareholders understand its financial releases prior to disclosing results, but this time it inadvertently included additional details of its earnings.
"ANZ remains in compliance with its continuous disclosure obligations… Nonetheless, out of an abundance of caution, ANZ has sought a trading halt until the close of trading on the ASX (Australian Securities Exchange) today," it said yesterday.
Despite the glitch, its results are still expected to be released Friday as scheduled.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
