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

Search Results

Showing 101 - 110 of 1134 results for "Gross"

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... at 31 December 2023, Heartland's Australian reverse mortgage and livestock finance businesses had around NZ$2 billion of gross finance receivables. "Completing the Challenger Bank acquisition will make Heartland Bank the first New Zealand registered ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... is $500,000-plus. The other is the individual wealth test in which an investor has either net assets of $2.5 million or gross income of $250,000 per annum for the last two years as verified by a professional accountant's certificate. The inquiry ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... outflows came from institutional investors, of which $650 million related to one partial redemption by a large investor. Gross inflows were $347 million with international and Asia fund strategies benefiting the most. Platinum ended 2023 with $15.4 billion ...

Fidelity launches global bond fund

CHLOE WALKER  |  WEDNESDAY, 28 FEB 2024
... access to our global investment capabilities," Fidelity Australia managing director Lawrence Hanson said. Fidelity global gross asset specialist Lukasz de Pourbaix added that the fund offers several benefits for investors in the current environment. ...

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... new, "competitively priced" IDPS and superannuation platform, a strategic initiative outlined as it posts $140.5 million in gross revenues for 1H24 and $4.9 million in profits. Centrepoint said it has partnered with FNZ to build a new platform under ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... capital repatriation through asset sales and debt retirement. Notably, the sale of MFA in October generated $50.5 million in gross proceeds and the sale of the Platform business is on course for completion by April 30. Additionally, Iress has initiated ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Two of the world's major economies fell into recession at the end of 2023. The UK's gross domestic product (GDP) fell 0.3% in the fourth quarter of last year following a contraction of 0.1% in September quarter, according to the Office for National ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... Australia, called for a review of wholesale investor "individual wealth test" thresholds - net assets of $2.5 million or gross income of $250,000 per year in the last two years - which haven't changed since 2001. Initially, only 1.5% of households met ...

Generation Development Group nears $3bn

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... announcement, GDG also reported FUM growth of $232 million between September and December 2023, alongside a 37% rise in gross inflows compared to the previous period. Chief executive Grant Hackett said that the company achieved another very strong quarter ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... heating and cooling for their homes, just to keep their heads above water. "We cannot accept a society that promotes the gross accumulation of wealth alongside widespread global poverty. One of the best mechanisms we have to address this is progressive ...