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Showing 31 - 40 of 145 results for "Shell"

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... express concerns over the "quasi-merger" between Maritime Super and Hostplus where the former will "effectively become a shell company" overseen by the Hostplus trustee board. "The idea of mergers is to create economies of scale and to reduce costs but ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... holdings, 1% is in coal and 2% in oil and gas. Just 10 companies account for 70% of these investments, with BP, Royal Dutch Shell and BHP accounting for 40% of all direct investments. "Declaring a climate emergency may garner good headlines but too often ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... liabilities. The scheme was established in a way so that companies would transfer all assets to its previous controllers leaving a shell company unable to pay tax debts. Once the assets were stripped, new directors and shareholders were put in before ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... restructuring we are undertaking at the moment, including evaluating putting two of our business credit investments into a listed shell we are in communication with." There are approximately 181 wholesale investors in the IPO Wealth Fund who are currently ...

Wealth giants shrink advertising budgets

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
Australia's largest superannuation funds and wealth companies have largely cut back on their advertising spends over the past five years, documents from the Standing Committee on Economics show. Colonial First State, which is currently facing two ...

Super JV names chief investment officer

ELIZABETH MCARTHUR  |  THURSDAY, 22 AUG 2019
The $26 billion Equipsuper and Catholic Super joint venture has named its inaugural chief investment officer in preparation for an official merger. Anna Shelley has been appointed to the role, following last week's announcement that Scott Cameron will ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... US$90 billion of value wiped from portfolios, three quarters of which came from holdings in ExxonMobil, Chevron, Royal Dutch Shell and BP. IEEFA highlighted BlackRock's position in General Electric, which in 2015 doubled down on thermal power by ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... its greatest son's prescriptions and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked after the People's Bank of China (PBOC) allowed the yuan to fall below the psychological threshold of CNY7.0 per ...

Trustee firm adds executive

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
A trustee and fund administration services provider appointed a new senior executive to its trustee business to co-lead its expansion. Glenn White, formerly senior business development manager at Australian Executor Trustees (now Sargon), has joined ...

British MPs prod own pension fund

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
... million in total assets, as at the end of last financial year. Among its 10 largest holdings are BP, Rio Tinto and Royal Dutch Shell, according to the annual report. It has no investments in companies that are committed to a zero-carbon world, a liberal ...