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Showing 1051 - 1060 of 4604 results for "RAISE"

Boe Pahari steps down

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Boe Pahari has stepped down as chief executive of AMP Capital and AMP chair David Murray has resigned. The chair of AMP Capital will also depart. AMP has announced that Pahari will step down as AMP Capital chief executive, effective immediately, and ...

Spaceship raises $10m in capital raise

KANIKA SOOD  |  THURSDAY, 20 AUG 2020
... raised $10 million from existing investors including from Atlassian billionaire Mike Cannon-Brookes' family office. The raise was offered to existing shareholders, as foreshadowed by Financial Standard in July. The $10 million raise was structured as ...

Iress posts mixed half year results

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... this, the company will pay an interim dividend of 16 cents per share. The company completed a $150 million institutional raise and its share purchase plan was oversubscribed for a total of $25 million to assist in its acquisition of OneVue. Iress expects ...

thedocyard details merger, proposes raise

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
... thedocyard has entered into a heads of agreement to acquire 100% of tech company Ansarada and has announced a $45 million capital raise to help fund the transaction. Upon completion, the merger will form a leading global software as a service (SaaS) ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James Mawhinney's efforts to raise funds through Australian Property Bonds were designed so money from that product could be used to make relevant payments to ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
The Federal Court has made orders to wind up an investment group which swindled 270 investors of more than $10 million in an illegal unregistered land banking scheme. ASIC will wind up Askk Investment Group following an extensive investigation. The ...

Melbourne boutique deepens Canadian ties

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
Munro Partners is introducing a global equities strategy to Canadian retail investors, after raising $1.5 billion in Canada since January 2019. The CI Munro Global Growth Equity strategy was launched to Canadian institutional investors in January, 2019 ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... point of view, it doesn't impact on other products," he said, but declined to comment on the FUM Magellan expects to raise from the Core lineup in coming years. Additionally, Magellan will introduce its global sustainable strategy to retail investors ...