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Showing 1111 - 1120 of 5658 results for "EARN"

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...

AMP welcomes board director

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
AMP has added a former Telstra executive to its board, citing her experience in leading cultural change as a driving force. Kate McKenzie is currently a non-executive director of NBN Co, Stockland and previously served on the boards of Allianz Australia ...

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
Pengana Capital will wind up an income-focused Australian equities fund, as it underperforms and the income opportunities in ASX stocks shrink. The Pengana Australian Equities Income Fund invested in 20 to 40 ASX-listed companies, with a focus on income. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Chief economist update: China's vote for US president

BENJAMIN ONG  |  THURSDAY, 5 NOV 2020
... trade tensions. That is, if Joe proves true to his campaign words that he would remove Trump's existing tariffs. It would earn him cookies with China - which would be more willing to work with him - and all other nations in the rest of the world ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
Superannuation funds' shift to low-cost exchange-traded products is potentially at the detriment of startups and the potential upside for the local economy. This is according to Stoic Venture Capital partner Geoff Waring, who said local startups ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ANZ has announced a $528 million impact on its cash profit as a result of remediation costs, accelerated software costs and goodwill write off. Following a product review across ANZ, remediation charges have been increased $97 million from the first ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business. Paying $60 million for Xplore, the platform provider said the proposed acquisition through a scheme of arrangement ...

Ninety One wins equity mandate

KARREN VERGARA  |  MONDAY, 26 OCT 2020
A $42 billion superannuation fund has awarded a mandate that targets Chinese equities to the newly rebranded Ninety One. State Super has allocated the mandate to Ninety One's 4Factor All China Equity strategy. Ninety One manages $205 billion with ...