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Showing 991 - 1000 of 3401 results for "Revenue"

Xero acquires business lender

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... will cough up an upfront cash payment of $31 million, as well as subsequent payments based on product development and revenue milestones of up to $49 million. Waddle leverages accounting data and automates many of the manual processes typically involved ...

COVID-19 dampens CFO outlook

KARREN VERGARA  |  MONDAY, 24 AUG 2020
... companies' revenues to fall, relative to pre-COVID-19 forecasts, in the second half of 2020; more than half are expecting more revenue falls in 2021. Deloitte partner Stephen Gustafson said: "A COVID-induced global economic downturn, the largest since ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
... funds under management fell 8% over the year to $5.9 billion. Suncorp said this was a result of reduced administration fee revenue and the impact of COVID-19. "The wealth business continues to be impacted by increased industry wide regulatory costs within ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... changed despite becoming a 'previously advised client' or PAC. These wrongly charged fees were retained by Asgard as revenue, ASIC alleges. In doing so, Asgard contravened its obligations as an AFSL holder to act efficiently, honestly and fairly. ...

Dealer group eyes aggressive expansion

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
Centrepoint Alliance has reported its annual revenue grew 11% as it plots an aggressive growth plan. Centrepoint said its plans for growth are to "aggressively pursue inorganic opportunities". The dealer group said 79 new financial advisers had joined ...

Unmet advice needs increases for SMSF trustees

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... investment newsletters. On the other hand, 46% of financial advisers are struggling to grow their SMSF client base and revenue as they are faced with compliance-related challenges along with client education and regulatory uncertainty. Vanguard Australia's ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... outflows from its investments business as well as the challenging conditions of the COVID-19 pandemic for the decline. Revenue for the full year also dropped, down 5% to $489.2 million, reflective of a lower level of funds under management (FUM). Even ...

Iress posts mixed half year results

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... losses in acquired businesses and the increase in annual leave expenses. However, the company noted a 12% increase in revenue on the previous corresponding period as a result of its acquisition of QuantHouse and O&M Systems. The advice segment grew 14% ...

EQT swells revenue by 3.2%

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
EQT's mandate wins in last financial year swelled its total revenue by 3.2% to $95.4 million, while net profit before tax was down 3.3% to $31.3 million. Equity Trustees' total funds under management, administration, advice and supervision crossed ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... matter, engaging with key stakeholders, adapting for a new world, while also preparing for the future has places us well." Revenue increased for the quarter, with ANZ saying it benefitted from a stronger markets performance (around 60% higher), partly ...