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Showing 1231 - 1240 of 8012 results for "Average"

ANZ posts 54% profit rise

ELIZA BAVIN  |  THURSDAY, 18 FEB 2021
ANZ posted a net profit after tax for the first quarter of $1.62 billion, up 54% on the average of the past two quarters. ANZ chief executive Shayne Elliott said it was a strong performance given the volatile trading conditions that highlights the benefits ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... inflation target. Here are the annual inflation averages for 2019: Headline CPI inflation, down to 1.81% from 2018's average of 2.43%; Core CPI inflation, up from 2.14% to 2.19%; Core PCE price inflation, down to 1.7% from 2.0%; and the Fed's ...

Charter Hall bleeds profits, appoints director

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... property portfolio increased by 291 properties with rent increasing by $2 million as a result. In addition, the weight average lease expiry (WALE) increased from 8.6 to 9.1 years. Throughout the half-year, the property investment portfolio of $2 billion ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... our fix, simplify, perform strategic priorities." "Our first quarter 2021 result was higher than the second half 2020 average, mainly from an impairment benefit reflecting both improved credit quality and a much-improved economic outlook." He added that ...

Netwealth boosts profit, FUA

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... funds under management grew $1.5 billion to $9.3 billion. Managed account inflows jumped $1.3 billion to $7.6 billion. The average account size increased to $440,000 as at 31 December 2020, with the average annualised platform revenue per account increasing ...

Chief economist update: Amber alert

BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2021
If there's one thing that matches (well, nearly) the exponential rate of infection from the coronavirus, it's the vertigo-inducing rally on Wall Street. After dropping to three-year lows in March last year, US equities have rocketed higher and ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... million in total assets at June end. It had 15 member options and about 3460 member accounts (down 19% in two months). Average member had $58,000 in balance, according to APRA statistics. "BT Funds Management Limited...the Trustee of Advance Retirement ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... The NAB business confidence index jumped by five percentage points to a reading of +10 in January - above its long-run average of +6 and despite lower than the +13 recorded in November last year, remains the highest in three years. Improved consumer ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... their own wage increase from their retirement savings, would also add $20,000 to the tax bill of an Australian couple on average earnings, because wages are taxed at a higher rate than super contributions." Industry Super Australia deputy chief Matthew ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total average FUM was $100.9 billion (9% higher), resulting in management fees of $311.4 million (8% higher) and performance fees of $12.4 ...