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Showing 1111 - 1120 of 6902 results for "Shares"

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
... grounds for the divestment. The investment in Marsh & McLennan was held in the firm's Australian Ethical International Shares Fund and also its super fund. In addition to Mercer, Marsh & McLennan is the parent company for insurance broking firm Marsh ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year. Shares in Netwealth lifted nearly 16% during trade on Thursday to hit new all-time highs. It comes despite negative market ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... will split the $55.6 million purchase price as 7.5 cents per share in cash and one Praemium share for every two Powerwrap shares. "The merger is an exciting opportunity for Powerwrap and Praemium shareholders alike. For many years, Praemium has been ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... relationship with InterPrac Securities, TCA have elected to take part cash and part equity in Sequoia. Sequoia issued 1.5 million shares as part of the purchase and will provide $900,000 in cash payments over the coming two years.

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... $1.3 billion in policy revenue. "AIA is an award-winning global insurer with over 47 years' experience in Australia, that shares our philosophy of supporting the health and wellbeing of our members," BT said in a note to superannuation members. The new ...

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
... informed about where they are invested, including by outlining the liquidity of the fund's investments in cash, bonds and shares." For Hostplus as a total fund, not just the balanced option, it now has a 10.8% allocation to cash - amounting to approximately ...

Iress executive moves to non-executive roles

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
... Iress." The software and services provider for financial services firms, on June 1, made a surprise bid to acquire all shares in ASX-listed OneVue for 40 cents a share in cash, which would value the company at about $107 million. OneVue's directors were ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... -6.4%, Dunnin said. This was driven by a 2.6% return from the ASX in June, Dunnin said, as well as a lift in international shares, emerging markets and corporate bonds. This "risk on" appetite can particularly be seen in the success of Cbus's growth ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... Despite ongoing legal action between the pair, WAM Active has made an official replacement bid to acquire Keybridge Capital shares at an offer price of 6.9 cents per share. The new offer is higher than the previous offer of 6.5 cents per share, made ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... performance, as did an overweight to global property and underweight to fixed interest. The Ethical Leaders International Shares Fund underperformed in March by 140 basis points. A mandate from the fund to Alliance Bernstein for global credit and green ...