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Showing 1181 - 1190 of 5658 results for "EARN"

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ...

De Ferrari refuses to discuss Wade

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
AMP chief executive Francesco De Ferrari repeatedly refused to comment on the specific accusations of sexual harassment levelled at members of AMP's leadership team. Following reports that both AMP Capital chief executive Boe Pahari and former AMP ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Magellan is readying a new low-cost lineup of its strategies for retail investors, as it reports 5% higher net profit after tax of $395.2 million for FY20. The Magellan Core series will kick off as open-ended funds on Chi-X (so far its ETFs use ASX ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
Industry Super Australia has found some common ground with the Grattan Institute in regards to its report on the effects of the government's Early Release of Super (ERS) scheme. Part of Grattan's modelling found that millions who accessed the COVID-19 ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
Big congratulations to our next door neighbours, you've done well. August 10 marked 100 days that the country has gone without any recorded case of coronavirus infection - 'twas way back on May 1 when New Zealand reported the last infection. ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
Real estate investment trust GPT Group has bled $519.1 million after tax for the first half of the year, pointing to COVID-19 related negative property movements for the heavy losses. All properties in the trust were independently valued during the ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... would see their actual income over retirement would fall by only $24,000. "Put another way, in retirement that worker would earn 88% of their pre-retirement income instead of 89%," it said. "Both are well above the 70% post-tax replacement benchmark ...