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Showing 91 - 100 of 738 results for "March quarter"

Praemium FUA up, opens Edinburgh office

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
... $37.9 billion as it expands its presence in the UK with the opening of an office in Edinburgh, Scotland. For the March quarter, Praemium recorded an 11% increase in FUA, and a 96% increase compared to March 2020. The Australian platform FUA increased ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... MYEFO (Mid-Year Economic and Financial Outlook) prediction for the jobless rate to "peak at 71/2 per cent in the March quarter 2021". Because of this, consumers and businesses are growing more confident. The Westpac-Melbourne Institute index of consumer ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the March quarter and -7.0% in the June quarter. The unemployment rate has fallen to 6.6% in December after peaking at 7.5% in July last ...

Future Fund increases cash again

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... (-0.9%). The last time this happened was in FY09 when it returned -5.1%. In 2020, Future Fund returned -3.4% in March quarter, -0.7% in June quarter, 1.1% in September quarter and 4.9% in December quarter. The main fund increased its cash position throughout ...

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... lowered Mid-Year Economic and Financial Outlook (MYEFO) prediction for the jobless rate to "peak at 7.5% in the March quarter 2021". These wonderful set of numbers could start a virtuous cycle in the domestic economy whereby rising employment boosts ...

Challenger welcomes board director

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... Challenger will fund the $35 million price plus the ADI capital requirements via a $100 million distribution in the March quarter.

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... Challenger will fund the $35 million price plus the ADI capital requirements via a $100 million distribution in the March quarter. Normalised NPAT for FY21 will be $3 million lower but still within the guidance range of $390 million to $440 million. ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... rate, forecast in the 2020-21 Budget to peak at 8% in the December quarter, is now forecast to peak at 7.5% in the March quarter 2021, with both employment and the participation rate higher than expected. The unemployment rate is expected to fall to ...

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
The life insurance industry has continued to take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... market (32.7% of total exports) - has dodged a recession and its growth momentum is accelerating, from -6.8% the March quarter to +3.2% in June to +4.9% in September. South Korea - our third biggest export client (5.0%) - has bounced out of recession. ...