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Showing 1031 - 1040 of 6749 results for "Profit"

Pendal to acquire US firm, profit climbs

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
Pendal Group has announced its plans to acquire US-based investment firm Thompson, Siegel & Walmsley (TSW) as profit rose 8%, according to its half-year results. Pendal will purchase TSW for US$320 million ($414 million) which represents 7.6x the first ...

Macquarie posts $3bn profit, makes hire

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
Macquarie Group recorded a 106% increase in statutory profit to $3 billion from the first half of the year in its full-year results and named the chief executive of Macquarie Asia. The ASX-listed group's profit was a 10% increase on FY20 and 68% ...

ANZ profits up 45%, dividends double

KANIKA SOOD  |  WEDNESDAY, 5 MAY 2021
ANZ posted statutory profit after tax in the first half to $2.9 billion, up 45% from 2H20. The bank announced a dividend of 70 cents per share, double of the previous half's dividend. ANZ said key drivers for the increase in its profits were net credit ...

Chief economist update: The Fed and Australia

BENJAMIN ONG  |  TUESDAY, 4 MAY 2021
Just when we thought Federal Reserve chair Jerome Powell has tapered sooner-than-later taper expectations, along comes Robert Steven Kaplan -- president and chief executive of the Federal Reserve Bank of Dallas. While the US Federal Reserve was waxing ...

TCorp hires CBA capital markets executive

KARREN VERGARA  |  MONDAY, 3 MAY 2021
... about $103 billion in assets on behalf of the NSW public sector, according to its latest annual report. It made a pre-tax profit of $74.9 million over FY20, down from $124 million compared to the prior corresponding period. TCorp returned $75.5 million ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... costs by 2024 and farewells a key executive. In its half-year results, Westpac recorded a 189% increase in statutory net profit to $3.4 billion. The bank attributed the substantial increase in net profit to the impairment charges of $2.2 billion in the ...

Chief economist update: COVID-19 causes double-dip

BENJAMIN ONG  |  MONDAY, 3 MAY 2021
The Eurozone is back - back in recession, that is, dragged down into a double-dip by the coronavirus -- its resurgence (third time unlucky), its variants and the slow pace of vaccinations. Preliminary estimates released by Eurostat show the single-currency ...

AMP chair faces shareholder ire

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... said. Pahari was paid $376,000 for the 53 days he led AMP Capital. He also received an additional $937,724 as part of a profit-sharing arrangement he was entitled to from his role as global head of infrastructure equity. Hazleton shot down a shareholder's ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
The former chief executive of TAL has slammed life insurers' ineptitude in managing disability income products, invoking the industry to come together and find a solution by the end of the year. Speaking at the 2021 Actuaries Summit on Wednesday ...

Advice group chief executive exits

KANIKA SOOD  |  FRIDAY, 30 APR 2021
... Centrepoint Alliance reported December half gross revenue of $70.6 million (up 15% over previous corresponding period) and net profit after tax of $1.6 million which was a slight improvement from $1.5 million after-tax loss in the December 2020 half. ...