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Showing 91 - 100 of 1308 results for "Surprise"

Fund selectors harbour AI bubble fears, affirm belief in its longevity

ANDREW MCKEAN  |  THURSDAY, 8 FEB 2024
... increasingly volatile geopolitical forces and an uncertain macro-economic outlook. "With investors' money on the line, it's no surprise that fund selectors are turning more towards active management to help navigate these challenging investment conditions," ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... to push back on the idea that the rate cutting cycle is just around the corner. "Central bankers are much happier to surprise markets with cuts versus hikes; therefore, we expect the RBA will try and lean hawkish," Solomon said. Solomon anticipates that ...

Vale Jason Milosevski

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2024
Tributes are flowing for much loved business development executive Jason Milosevski, who sadly passed away over the weekend, aged 43. Milosevski was a fixture of the financial advice landscape for more than 20 years, building a vast network through ...

Aware Super, ART hire member service heads

ELIZABETH FRY  |  MONDAY, 29 JAN 2024
The market was caught by surprise when two of Australia's top customer service executives changed jobs. Australian Retirement Trust head of member services Jessica Rix has landed at Aware Super in a similar role. Rix has spent two years at the country's ...

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 ...