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Showing 11181 - 11190 of 21783 results for "Dec"

International pension funds buy London City airport

MARK SMITH  |  FRIDAY, 26 FEB 2016
Three Canadian pension funds and the Kuwait Investment Authority have won the takeover battle for London City airport with an offer of about £2 billion ($3.9 billion). A consortium made up of Ontario Teachers' Pension Plan (OTPP), Borealis, AIMCo and ...

Financial services adding more to economy than mining

MARK SMITH  |  FRIDAY, 26 FEB 2016
Financial services contributed more to the economy than any other industry in the 12 months to 30 September 2015, according to a joint Financial Services Council (FSC) and UBS report. Figures in the second annual State of the Industry Report show that ...

ZIRP to bring back "animal spirits"?

BENJAMIN ONG  |  FRIDAY, 26 FEB 2016
Actual total private new capital expenditures may have surprised on the upside, rising by 0.8% in the three months ended December 2015 when they were expected to drop by 3.0% but... they're still not a pretty set of numbers. Uglier still, according ...

Monash launches absolute return LIC

ALEX BURKE  |  THURSDAY, 25 FEB 2016
Monash Investors has launched an Australian equities absolute return listed invested company. In response to demand from retail investors, The Monash Absolute Investment Company will have a similar portfolio to Monash's long short Monash Absolute Investment ...

Former BlackRock managing director joins IOOF

MARK SMITH  |  THURSDAY, 25 FEB 2016
BlackRock's former managing director, head of wholesale advisory and iShares, Mark Oliver, has joined IOOF as general manager - distribution. The appointment follows the creation of a new wealth management division in December 2015 and the subsequent ...

Charter Hall reports $143m profit

MARK SMITH  |  THURSDAY, 25 FEB 2016
Charter Hall Group has reported statutory profit after tax of $143.5 million, up 259.6%, for the six months to 31 December. The number includes $89 million from property valuation gains. The company also saw 17% growth in funds under management to $15.9 ...

Perpetual Investments drives profit growth

ALEX BURKE  |  THURSDAY, 25 FEB 2016
Perpetual has released its 2016 interim results, demonstrating 10% rise in net profit to $64.4 million. This was largely driven by subsidiary Perpetual Investments - which reported $57.2 million in profit before tax - even if profit in the business ...

Australian Ethical reports solid profit growth

MARK SMITH  |  THURSDAY, 25 FEB 2016
Australian Ethical Investments has seen its net profit after tax rise 172% to $1.5 million for the half year to 31 December. Half year revenue increased 11% to $10.9 million, up from $9.9 million, while net inflows doubled over the previous corresponding ...

Australian wages grow slowest on record but real is better

BENJAMIN ONG  |  THURSDAY, 25 FEB 2016
The Australian Bureau of Statistics' (ABS) latest update on wages may have disappointed expectations but also confirmed what workers have been experiencing all along. The Wage Price Index - total hourly rates of pay excluding bonuses - grew by 2.2% ...

Dimensional expands with new Melbourne office

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Global asset management firm Dimensional has opened a new office in Melbourne in a bid to grow its investment management business and increase its client services capabilities. The new office is on Collins Street, the heartland of Australian industry ...