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Showing 61 - 70 of 4044 results for "October"

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... share for every 11.96 Praemium shares, plus a cash consideration. The proposal represented a 29% premium over Praemium's October 27 closing price of $1.16 but was ultimately declined by Praemium's board, citing undervaluation and non-alignment with shareholder ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... heads of agreement on June 27, before finally agreeing in full in with the signing of a successor fund transfer deed on October 20. In total, it will add 63,700 to ART's existing 2.3 million members, bringing $12.3 billion in retirement savings with ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
... Administrative Appeals Tribunal. Meanwhile, First City Corporate Advisory Services' AFSL has also been suspended, effective October 3. The corporate advisory firm's suspension lasts until 27 March 2024, with ASIC poised to cancel its licence if it fails ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... the economy to maintain wages growth at 4%." As per today's ABS data, the unemployment rate rose by 0.2% to 3.7% in October. The change was accompanied by a net increase of 55,000 individuals employed, while the number of unemployed individuals also ...

CQS sold to Manulife Investment Management

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... CQS team every success as they embark on this exciting new chapter." Hintze was appointed to Britain's House of Lords in October last year.

Decade-long ban reduced for former adviser

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... services or credit activities and banned from performing any function related to the provision of credit services. On October 25, the Administrative Appeals Tribunal (AAT) shortened ASIC's banning order. AAT senior member O'Donovan said given ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... webinar hosted on the fund's website, cited in various instances from 23 August 2022 to 18 July 2023. From August to October 2022, HESTA's social media adverts displayed an 8.87% average annual return for the Balanced Growth option over 10 years ...

Betashares to bring Cash Flow Kings ETF to market

JAMIE WILLIAMSON  |  FRIDAY, 10 NOV 2023
... core exposure to global equities. This latest product follows the launch of the FTSE 100 Currency Hedged ETF (H100) at October end. Betashares has been busy elsewhere of late, too. On October 25 it launched Betashares Direct, offering self-directed investors ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... CFDs. For example, between March and April 2020, users lost over $774 million based on a sample of 13 CFD issuers. In October 2020, following the boom in retail investors at the outset of the pandemic, ASIC imposed an 18-month product intervention order ...

VanEck launches AUD-hedged equity ETFs

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... consider fundamentals and improved risk-adjusted returns over the long term," he said. Interestingly, over the 12 months to October 31, VanEck's QSML and MOAT ETFs have both exceeded their benchmarks, with QSML outpacing the MSCI World ex Australia Small ...