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Showing 101 - 110 of 364 results for "divestment"

CVC sells 20% stake in Eildon

KARREN VERGARA | MONDAY, 24 APR 2023

... per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments related to contracted investments; it will also be used for investments in ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS | FRIDAY, 21 APR 2023

... participate as long-term owners, Turner said. "As investors, once an instance has been found, our first step shouldn't be divestment, our first step should be to lean in and engage," Turner said. "We know that divestment and remedy don't go hand ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON | THURSDAY, 23 FEB 2023

Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA | MONDAY, 20 FEB 2023

... trustee of the fund, is due to settle the Financial Conduct Authority's investigation. By the same token, Link's divestment of Fund Solutions (which operates LFSL) to Waystone Group, has progressed. Should the sale proceed, Waystone will be free ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON | THURSDAY, 16 FEB 2023

... growth in its equity investment portfolio ($4m). However, it was offset by the sale of the employed advice business and divestment of majority-owned practices ($39m). The North platform saw a 31% increase in inflows from independent financial advisers ...

Pengana offloads Lizard Investors stake

CHLOE WALKER | FRIDAY, 10 FEB 2023

... agreed to divest its 65% direct equity stake in Chicago-based asset management firm Lizard Investors (Lizard). The divestment is part of a management buyout led by Lizard chief investment officer and portfolio manager Jon Moog. Pengana acquired the stake ...

Charter Hall acquires stake in healthcare facility

CHLOE WALKER | FRIDAY, 3 FEB 2023

... research, education, and training facility, Innovation Quarter (iQ). CQE has funded the acquisition of iQ through the full divestment of securities held in Arena REIT (ARF) and the divestment of five non-core early learning properties. iQ, which was ...

Divestments impact Insignia FUMA

ANDREW MCKEAN | WEDNESDAY, 25 JAN 2023

... billion. Despite a positive market movement of $7.6 billion, the overall FUA decreased by $0.2 billion (0.1%) due to the divestment of $6.9 billion in Australian Executor Trustees (AET) FUA, pension payments of $706 million, and net outflows of $267 ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN | THURSDAY, 8 DEC 2022

... performed and remediation payments made, which has been recognised as a post-tax adjustment of $147 million to the Count divestment in the first half of 2023," a CBA statement said. CBA added that it's committed to comprehensively addressing the full ...

Centuria, Morgan Stanley launch $181m partnership

CHLOE WALKER | THURSDAY, 8 DEC 2022

... vehicle acquire a roughly 50% interest in eight CIP-owned Prime-Grade industrial assets. The transaction reflects a divestment yield of 4.7% and enables CIP to bolster its balance sheet by reducing debt and gearing, while retaining exposure to these ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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