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Showing 1031 - 1040 of 2737 results for "Shareholders"

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... artificially inflated its figures to raise cash from the capital markets for two reasons: to finance a 76% payout ratio to shareholders, and siphon assets into RFM that would advantage management personally. The "largest nefarious transaction" was an ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... company-specific matters that affected our share price, occurred before our new chief executive took office." "A number of shareholders have also expressed concern that the current long-term incentives may no longer be realistic." He said the board considered ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... strengthen AMP's balance sheet to accommodate the new strategy. It is open to sophisticated and institutional shareholders, as well as investors in Australia and certain overseas jurisdictions. The final placement will represent about 433 million ...

AustralianSuper eyes $1.48bn in Indian infrastructure

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... opportunities for investment. "We are pleased to have entered into this agreement with the NIIF Master Fund and to be shareholders of National Investment and Infrastructure Fund Limited and look forward to participating in a strong pipeline of projects ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... agreements," Commonwealth Bank said. Meanwhile, the sale of Count Financial was overwhelmingly supported by CountPlus shareholders at an extraordinary general meeting in Sydney yesterday. The vote to acquire the business saw 99.76% in favour of the decision. ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... offers distribution and other administrative support, reported a net profit after tax of $30.5 million attributable to shareholders which is 32% higher than last year's $23.1 million. Pinnacle now has $54.3 billion in funds under management across 13 ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
... improve collaboration across the group while also giving employees greater clarity, ultimately benefiting customers, shareholders and the broader community." ANZ noted its redesigned remuneration structure was a key initiative it set out for itself in ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... The major banks inquiry provide an opportunity to scrutinise the banks on how they balance the needs of customers, shareholders and the broader community, according to committee chair David Coleman, who was chair between 2016 and 2017. Frydenberg said ...

Suncorp responds to shareholder resolution

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... exposures to fossil fuels. The shareholder request was sponsored by activist group Market Forces on behalf of 100 Suncorp shareholders. Suncorp said in a statement it will address the resolution at its annual general meeting on 26 September 2019. The ...