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Showing 1141 - 1150 of 3401 results for "Revenue"

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... from its global banking and markets and commercial banking business units in Europe. Around half of the banks business revenue comes from its dealings in the Middle East and Asia, while it said its US business needed to be reshaped in order to improve ...

Focus to acquire stake in MEDIQ

KANIKA SOOD  |  WEDNESDAY, 19 FEB 2020
... stake in Gold Coast-based Financial Professionals. The firm has more than 60 partners. It reported over $900 million in revenue for FY18. For the September quarter, domestic revenue was US $302,572 and international revenue was US $14,069, its company ...

The sick short: Banking big on the coronavirus

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
... play it. Shorting travel and tourism stocks is another way." It comes as Apple announced it would not meet its quarterly revenue forecast of net sales between US$63-67 billion (announced less than a month ago) in the second fiscal quarter due to constraints ...

Australian ETF industry competition heats up

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... Dyall calculated the Herfindahl-Hirchman Index (HHI) for Australian ETF issuers by funds under management and 12-month revenue. The HHI is used by governments around the world to calculate how open a market is and to determine if potential mergers could ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... to 0.31%). IOOF attributed the compression in advice segment's gross margins to repricing of third-party administrator revenue share. IOOF said Shadforth advisers have increased their clients' weighting to IOOF portfolio administration. Remediation estimate ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... ". But what do I know? Sure, sure our uncles and their dogs could understand Tokyo's impatience over getting more revenue to pay for its ballooning debt - which at 238% of GDP (as at 2018) is the highest in the world - but each time it tries to go ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
... a positive step towards protecting younger members' savings and other viewing it as a threat to funds' ongoing revenue. The national advocacy group for women employed in superannuation and financial services, Women in Super (WIS) condemned the ...

Coronavirus to infect Q2: Capital Group

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... that when visiting these infrastructure projects Capital Group found that most of them were "non-profit making" and "non-revenue generating". "We believe that most of that borrowing is in fact government borrowing," he said. "So when you put those numbers ...

Chief economist update: COVID-19 could hit Australia with triple whammy

BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
The same way as a computer virus freezes the computer's operating system, the coronavirus - renamed COVID-19 - has forced China into lockdown and slowed, if not completely frozen, economic activity in the country. But even without the government-mandated ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual Managed Accounts Administration Service now has $10 billion in funds under administration ...