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Showing 1 - 10 of 2511 results for "Purchase"

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
Link Group shareholders have voted in favour of the proposed acquisition by MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank). MUFG made the $1.2 billion takeover bid in December last year. MUFG will pay $2.26 cash for every ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... Sequoia sued McGowen in relation to its acquisition of Informed Investor from the latter and others pursuant to a share purchase deed dated 29 March 2022. "Sequoia alleges that Mr McGowen has breached various warranties and provisions of the Share Purchase ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... court found Blumenthal had engaged in market rigging on 14 occasions in relation to placing orders for EverBlu clients to purchase shares in Creso. The court determined Blumenthal had breached his duties as a director of EverBlu by failing to comply ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... people trading in cryptocurrency are paying the right amount of tax. "Data provided to the ATO includes cryptocurrency purchase and sale information. The data will identify taxpayers who fail to disclose their income details correctly," he said. Those ...

ETF market to soar 30%: State Street

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... the suitability of ETF products for individual investors. "Additionally, fee rationalisation is needed. Investors who purchase ETFs are generally fee sensitive and are only willing to pay more if there is value," he said. State Street's latest Global ...

Charter Hall acquires stake in hotel REIT

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... 6.5 cents per TGP security. "The group continues to remain debt free and will use part of these proceeds to continue to purchase the group's securities. The group has the capacity to purchase a further 40.3 million TGP securities from the buybacks approved ...

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
Allowing Australians to draw from their superannuation to purchase a home will not solve the affordable housing crisis and would potentially lead to higher property prices, a new analysis from the Association of Superannuation Funds of Australia (ASFA) ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Hermes is facing an antitrust class action which alleges it only allows customers with "sufficient purchase history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... the crypto platforms and assets in the market, so that you have a clear understanding of the why behind the assets you purchase." This year's halving will be the first halving event in Bitcoin history with significant funds coming from institutions and ...
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