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Showing 91 - 100 of 1304 results for "Surprise"

Fahour takes top job at Gurner Group

CHLOE WALKER | THURSDAY, 7 DEC 2023

... Former Latitude Financial and Australia Post boss Ahmed Fahour joins the luxury developer as its new chief executive. In a surprise announcement, Gurner Group announced that Fahour would be leading its strategic growth in real estate, funds management ...

Interest rates on hold as RBA pauses

CHLOE WALKER | WEDNESDAY, 6 DEC 2023

In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN | THURSDAY, 23 NOV 2023

Praemium's stock tumbled following a projected revenue margin decline and higher operating costs announced at yesterday's 2023 annual general meeting. The wealth platform updated its financial outlook indicating that its average revenue margin ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI | TUESDAY, 14 NOV 2023

... flowed into the results. "Given the significant ongoing investment required in technology, risk and regulation, it is no surprise that cost management will be high on all banks' agendas," he said. Garland noted that strategic challenges remain, and ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN | THURSDAY, 26 OCT 2023

... falling at a pace slower than what the RBA had initially forecasted. "The key question is whether the near-term upside surprise is enough for the RBA to change its view that inflation will return to its 2-3% target band by late 2025," Bloxham said. "Although ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI | FRIDAY, 20 OCT 2023

Federal Reserve chair Jerome Powell has repeated the commitment to reducing inflation to 2% and maintaining a restrictive policy until this goal is reached. In a speech on Thursday, Powell told the Economic Club of New York that the September inflation ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN | FRIDAY, 29 SEP 2023

... More broadly, insurers are also alert to inflation concerns, with 71% of respondents citing it as the biggest economic surprise for the second consecutive year. Close behind, 59% flagged recession risk as their primary macroeconomic concern. Over half ...

Australians retiring later than global peers: Research

CASSANDRA BALDINI | THURSDAY, 14 SEP 2023

... inflation and rising interest rates place increasing financial pressure on Australian households," Watson said. "So, it's no surprise that some investors are concerned about their financial security in retirement. I believe this data highlights the growing ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI | WEDNESDAY, 6 SEP 2023

... global economy, trends in household spending, and the outlook for inflation and the labour market." The decision was no surprise to most economists who predicted the hold following a drop in consumer spending and the ease of inflation. Speaking to Financial ...

Major economies buoyed by tight jobs market

KARREN VERGARA | FRIDAY, 21 JUL 2023

... started increasing interest rates in early 2022," Deloitte Access Economics partner Stephen Smith said. It would be no surprise if the Federal Reserve hikes interest rates further off the back of a buoyant labour market. Smith expects that a rate hike ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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