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

Search Results

Showing 91 - 100 of 2521 results for "Purchase"

CEFC backs agriculture investment platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023
The Clean Energy Finance Corporation (CEFC) and a Canadian state investment manager have co-invested in a platform aimed at assisting Australian farmers at decarbonising while boosting farm production. CDPQ (Caisse de dépôt et placement du Québec) ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... to escrow and clawback provisions. Elanor will be able to clawback up to 15.7 million of the securities at 63% of the purchase price if certain investment management agreements are terminated within nine months of completion. The provision also covers ...

Infratil buys Brookfield stake in telco business

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... deal has increased Infratil's ownership of the country's second biggest mobile market operator to 99.9%. It funded the purchase through a NZ$850 million equity raising. "Beyond One NZ, we continue to see exciting near-term opportunities for investment ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... sales are down almost 50% since the first increase in the cash rate in May 2022. "The number of loans issued for the purchase or construction of a new home has fallen to its lowest level since September 2008. Loans issued to first-home buyers have recently ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
... Queensland. Specifically, Steele advised the investors to invest their funds in EA Invest, the corporate entity that was to purchase and develop the property. Steele was a shadow director and the "controlling mind" of EA Invest. Steele then withdrew ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... actions, Vanguard inaccurately reported differences in the value of shares before and after the corporate action as a purchase or withdrawal instead of market appreciation or depreciation, which also calculated false investment returns. FINRA said it ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
Addressing the crowd at the International Congress of Actuaries 2023, Australian Retirement Trust (ART) strategist, asset and liability management Kathryn Spragg said the super system needs alternative measures to start looking at retirement products. ...

Fractional farmland investing platform launches

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
... Marketplace. Within the Marketplace, buyers can invest in the Australian agriculture industry without the capital needed to purchase an entire property. It gives investors the ability to buy or sell Bricklets, providing liquidity and a pathway to accumulate ...