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

Search Results

Showing 1111 - 1120 of 3464 results for "Stake"

FASEA scraps three-month rule

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
The Financial Adviser Standards and Ethics Authority is introducing a relief that will allow financial advisers to sit the November examination regardless of their last sitting. FASEA is proposing to relax the three-month registration requirement in ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
... million for the year ending June 2020. In recent months, Magellan has launched its retirement product FuturePay, taken a stake in FinClear and in Barrenjoey. For the December 2020 half year, MFG reported NPAT of $202 million, up 3% from the same period ...

New shareholder at Challenger

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Will Vicars' Caledonia has sold its 15% stake in annuities giant Challenger to Athene Holding Limited and Apollo Global Management. Athene and Apollo, which are set to merge, now own 18% or $720 million of Challenger shares. Of this, 3% is subject ...

ACSA chief executive steps down

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
The Australian Custodial Services Association (ACSA) has announced its chief executive is departing to pursue private business interests. Robert J Brown has held the role since 2017 and is also the managing director of Alford Brown & Associates. ACSA ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The life insurance industry has emerged as a key driver of global economic growth, new research shows. The latest MetLife Value of Life Insurance report aims to increase customer engagement and noted life insurance provides stable, long-term investment ...

AustralianSuper consortium pays $1.67bn for logistics facility

KANIKA SOOD  |  MONDAY, 5 JUL 2021
AustralianSuper is taking a $774 million or 40% stake in Sydney's Moorebank Logistics Park, as a part of a consortium. APAC logistics specialist LOGOS partnered with AustralianSuper, Ivanhoe Cambridge, TCorp and AXA IM Alts to buy Moorebank Logistics ...

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
... will also widen the fee range for ETFs. Elsewhere, earlier this year IFM Investors made a EUR 5 billion offer for a 22% stake in Spanish energy company Naturgy Energy Group and along with Ontario Teachers' Pension Plan Board is set to acquire 100% ...

Female board participation rises: Research

ANNABELLE DICKSON  |  FRIDAY, 2 JUL 2021
The number of women holding board positions in ASX 200 companies has increased but there is still a way to go with women holding chair roles, new research shows. The latest data from the Australian Institute of Company Directors (AICD) revealed women ...

Aware Super joins APG in Spanish property firm

KANIKA SOOD  |  THURSDAY, 1 JUL 2021
... pension fund clients and Spanish real estate listed player Renta Corporación. Aware Super's acquisition of an equity stake in Vivenio, which included buying a part of APG's stake, makes it an equal shareholder as the APG. Both have committed ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
360 Capital has sold its entire stake in E&P Financial Group, after its unsuccessful takeover attempt earlier this year. TGP sold its 19.9% stake in EP1 at 62 cents a share ($29.9 million total including dividends). It says it netted a $9.1 million ...