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Showing 71 - 80 of 3010 results for "Revenue"

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
The newly appointed executive chair of Magellan Financial Group played down the risk of the company collapsing and admitted that the fund manager is an attractive takeover target as he faced tough questions at today's annual general meeting. Andrew ...

NAB commits to $1bn of lending to boost First Nations businesses

CASSANDRA BALDINI  |  TUESDAY, 31 OCT 2023
... an estimated 16,000 Indigenous businesses in operation. These businesses collectively manage over $10 billion in annual revenue and employ more than 70,000 workers. NAB added the Indigenous business sector is forecasted to grow by 4% compared to 3% for ...

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
Clime Investment Management is recalibrating to become a full-service private wealth business, anticipating a rise in advisory fee revenues as it contends with a decline in funds under management (FUM). Last week, the ASX-listed wealth company reported ...

Rival bidder seeks to acquire Diverger

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... offer. COG, which runs asset-finance broking, novated leasing, and funds management services, believes that there are "many revenue and expense synergies and growth opportunities" between the two ASX-listed companies. "Diverger shareholders will gain ...

Institutions must come to the table now: First Australians Capital

CASSANDRA BALDINI  |  FRIDAY, 27 OCT 2023
... currently, an estimated 16,000 businesses are in operation. These businesses collectively manage over $10 billion in annual revenue and employ more than 70,000 workers. Meanwhile, NAB said the Indigenous business sector is forecasted to grow by 4% compared ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... strong growth in the business as funds under administration (FUA) increased from $150 million to now over $80 billion, and revenue has grown at a compound annual growth rate of 62% over the past decade," Higgins said. Higgins will officially retire from ...

Alpine Capital launches in Melbourne

CHLOE WALKER  |  FRIDAY, 20 OCT 2023
... Wentworth team provide that direction - they have great experience dealing with companies in the early stage; be it a stage of revenue, business model, or profitability, and are able to do the appropriate due diligence, select the right deals, but also ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... accumulating a combined loss of $300 million. Resolution Life topped the list of the highest direct profit as a percentage of revenue, recording 28.6%, followed by Challenger at 23.6% and Zurich at 10.2%. By a measure of revenue, TAL led the local life ...

HUB24 launches investment options

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... number of clients may benefit from this adjustment, the change in administration fees will have minimal impact to HUB24's revenue and margin expectations," HUB24 chief executive Andrew Alcock said. Finally, the Allianz Retire+ product, AGILE, will integrate ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
Selfwealth has rejected a takeover proposal from competitor trading platform Stake and its offer of 17.5c per share. The ASX-listed trading platform said that after careful assessment, "Stake's incomplete and conditional proposal did not offer appropriate ...