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Showing 1051 - 1060 of 3401 results for "Revenue"

HSBC hit with $2.3bn suit over Disney investments

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUN 2020
... diligence by those participating in the sale and leaseback of Disney film rights. However, an investigation by Her Majesty's Revenue and Customs revealed that the Eclipse Film Partnerships had never been trading with the intention of making a profit. ...

FIIG calls for taxation, regulatory overhaul

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... to see fixed income fairly promoted across all investor groups. In its submission to the Standing Committee on Tax and Revenue, FIIG said there are a number of changes that would put fixed income on a level playing field to other asset classes. In its ...

Euroz, Hartleys to merge

JAMIE WILLIAMSON  |  FRIDAY, 19 JUN 2020
... Western Australian based financial services company with a strong balance sheet, critical scale, solid and sustainable revenue, with significant cost and operational synergies." Hartleys executive chair Ian Parker said all Hartleys staff are excited ...

How competitive is the Australian ETF industry?

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... and hence its competitiveness, on all broad-based measures including ETF managers' share by total assets as well as revenue. A score of 2500 and above on the HHI indicates a high-concentration market, followed by moderate concentration for a score ...

Local investment firm to list in Canada

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... $3.2 million allocated for new investments in the 12 months after the Canadian listing. The company had $1.2 million in revenue for the year ending 31 May 2020 according to unaudited results. It had $4.5 million in cash and $5.6 million in investments. ...

Asset managers leverage tech, outsourcing for growth

ALLY SELBY  |  WEDNESDAY, 17 JUN 2020
... enhanced flexibility and alpha creation. "Driving profitable growth beyond 2020 will require more than finding new streams of revenue or reducing costs," Northern Trust North America head of global fund services Ryan Burns said. "The most successful ...

We cannot prevent the blow: PM

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
Prime Minister Scott Morrison said the government will not extend stimulus packages, saying they would dull the dynamism of the economy. Delivering a speech to the Committee for Economic Development of Australia (CEDA), Morrison said that despite wide ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
The ASX-listed $7.2 billion real estate investment manager has launched a takeover bid for New Zealand-based Augusta Capital, set to acquire the firm's remaining shares for $122 million (NZD$130 million). It comes just over a month after Centuria Capital ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... automated kiosk provider for fitness centres had increased by as much as 300% despite its lack of business activity and revenue. The SEC has filed an emergency action and frozen the assets of the defendants involved in the scheme, which it says has been ...

Family office backs fixed income fintech

KANIKA SOOD  |  TUESDAY, 9 JUN 2020
... the business has seen about $30 billion in total execution volumes since its December start. It currently derives its revenue by charging fund managers and banks for successfully executed trades but has plans to explore two other streams: providing pricing ...