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

Search Results

Showing 1231 - 1240 of 3464 results for "Stake"

S&P to buy competitor for $60bn

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
S&P Global will spend about $60 billion in stock to buy data and analytics provider IHS Markit, with the two merging by 2021 end. S&P and IHS Markit have entered a definitive merger agreement that is unanimously approved by both their boards and are ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
QSuper is building a new retirement product that guarantees a lifetime income, hoping to combat longevity risk and fears that retirees will run out of money. Chief executive Michael Pennisi told a recent member update that the product, while still in ...

NZ Super, Ontario Teachers' acquire healthcare provider

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... New Zealand's largest provider of pathology services. NZ Super Fund and Ontario Teachers' Pension Plan have acquired a 50% stake each in Asia Pacific Healthcare Group (APHG). The transaction is valued at $550 million and was sold by Australian healthcare ...

Praemium develops relationship with US platform

KANIKA SOOD  |  MONDAY, 30 NOV 2020
... partnership with Qualis and also became its exclusive distributor in Australia. Praemium this morning said it took an initial 4% stake on Qualis via Powerwrap. And has since taken up its entitlements in a rights issue "to fund growth initiative". "When ...

AMP Capital invests in UK port

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
AMP Capital has secured a stake in a UK port operator via its infrastructure debt fund. The firm originated and closed a stake in a junior holdco facility secured against Peel Ports within its AMP Capital Infrastructure Debt Fund IV (IDF IV). Peel Ports ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
A coalition of more than 80 organisations including banks, insurers, superannuation funds and other stakeholders has released an ambitious list of recommendations to transform Australia's financial system to sustainable outcomes. The Australian Sustainable ...

Pinnacle boutique wins super fund mandate

KANIKA SOOD  |  MONDAY, 23 NOV 2020
... years' experience investing in emerging markets, having worked together through previous market cycles." Pinnacle has a 32.5% stake in the business, and announced the partnership in May this year. "Aikya's experienced investment team is a global ...

ASIC investigates ASX

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
The corporate regulator is investigating the ASX following an outage last week which saw investors unable to trade for 24 hours. "ASIC has confirmed to ASX that it is conducting an investigation into the ASX Trade outage on Monday, 16 November 2020," ...

AFCA pivots to member experience

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
The Australian Financial Complains Authority (AFCA) is placing a higher emphasis on member experience following an increase in its membership base, two years on from its launch. In its first two years, AFCA's membership has grown to 40,000 members across ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
A growing chorus of industry stakeholders agree that the retirement income system lacks a clear objective, but the comprehensive government review found the industry cannot agree on what that should be. The Retirement Income Review report found the ...