Westpac's profit dip | Google's 20 decillion fine | Peloton goes up a gear... or three

What the Flux

Westpac has announced an annual profit of $7 billion, which is actually a 3% drop from last year as mortgage competition ramps up.

Google has been fined 2 undecillion roubles, or $20 decillion USD by a Russian court after blocking Russian state media channels on YouTube.

Peloton, the connected-fitness company, has seen its shares speed up 22% after its first quarter results smashed expectations… thanks to a key pivot.

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Head to helia.com.au/LMI to learn more.

Helia Insurance Disclaimer:

Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.

Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.

Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.

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