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

Search Results

Showing 1111 - 1120 of 4606 results for "RAISE"

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... company filings this morning. The buyer, Clime Investment Management, conducted a placement to institutional investors to raise $4.5 million to acquire Madison. The placement was fully underwritten by Primewest Group entities. Madison has about 100 advisers ...

FSC calls for SMSF access to infrastructure

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The FSC has proposed a plan to democratise investment in domestic infrastructure development, making these projects accessible to every Australian with money in superannuation. The FSC said the proposed Australian Superannuation and Infrastructure Investment ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
... Clime Investment Management has been in a trading halt since 9:20 am Monday, when it said it would conduct an institutional raise for an acquisition. Clime did not name Madison in its June 1 filings but previously confirmed it was interested in the business ...

Plato fund to shutter

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... clients." Pinnacle told investors it would start winding up the fund on June 25 and investors had 28 days from May 25 to raise objections. Withdrawals and applications were suspended last month, and the fund will continue to operate with its investment ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
Vasco Trustees and ASIC had grave concerns about the financial position of Mayfair 101 for months before receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... shares were in a trading halt this morning, with the company saying it expected to announce an institutional placement to raise an undisclosed sum for an acquisition, whose name was not mentioned. Proceeds from Sargon's shares in Sequoia Financial Group ...

FICAP sponsors donate $150k despite postponement

JAMIE WILLIAMSON  |  FRIDAY, 29 MAY 2020
... generosity of our sponsors, we have paid out $146,415 to our charities. "We still hope that we can hold Rockstar in 2020 to raise even more funds for our charities, but we also acknowledge that it just may not be possible in the current environment." ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
APRA has put to bed any rumour that superannuation funds are at risk of facing liquidity issues as a result of the government's decision to allow Australians early access to their superannuation. Appearing alongside ASIC before the Senate Select Committee ...

Equities attractive in search for yield: Zenith

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... effect of an earnings downturn is the subsequent impact on dividends, as companies retain earnings, reduce payout ratios and raise capital to shore up balance sheets. "Consequently, since the downturn, we have observed a number of companies cut, defer ...