Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 1027 results for "A Share"

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Senate will consider legislation to define an objective of superannuation. The Superannuation (Objective) Bill enshrines the goal to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and ...

SPAC acquires Australian Food & Agriculture

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
A Nasdaq-listed firm is set to acquire the Australian Food & Agriculture Company (AFA) for $780 million, the majority of which is owned by members of the Bell family and Alastair Provan. Agriculture & Natural Solutions Acquisition Corporation (ANSC) ...

Consultation begins on new merger notification thresholds

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... proposed that mandatory notification will be triggered if mergers meet new market concentration thresholds, including a share of 25% of an affected market where the Australian turnover of at least two of the parties, including the acquirer group, is ...

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
Investment firm Factory Capital has become a cornerstone investor in Finexia Financial Group through a $3.73 million private placement subscription. The deal comprises the purchase of 12.46 million Finexia shares at $0.30 each, a 20% premium over its ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... at $0.41 per share. This represents a 9.3% premium to the last close price of $0.375 on August 22. Raiz will undertake a share purchase plan to raise a further $2 million, also issued at $0.41 per share. Raiz said the money will be used to build out ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Rogue Sequoia shareholders slapped with orders

KARREN VERGARA  |  MONDAY, 15 JUL 2024
The Takeovers Panel has slapped a series of orders on Sequoia Financial Group shareholders who attempted to overthrow the leadership. The panel handed down several restrictions on the rogue shareholders and their associated entities that have substantial ...

New lending for property investors up 30%

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... time last year. In fact, new lending to investors has been very large, jumping nearly 30% compared to May last year. "As a share of the flow of new lending, it is very high but does remain below the peak it reached in 2015 just post the APRA limits," ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... iExtend enters a co-ownership agreement with life insurance policyholders under which it pays some premiums in exchange for a share of the benefit if a claim is made. By doing so, it's intended that policyholders who might otherwise cancel or lapse their ...