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Showing 1261 - 1270 of 7223 results for "Record"

Equity Trustees non-executive director retires

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... O'Donnell is an experienced executive and non-executive director in the listed, not-for-profit and mutual sectors. Her track record includes stints as the former managing director of Australian Ethical and director of the Financial Services Council ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
US inflation has eased to 8.5% from its historic 40-year peak of 9.1%, recorded in June. The drop beat market expectations of 8.7% and comes as a welcome relief for the Biden government. The reason for the fall is a slowdown in rising energy prices. ...

Besen-backed firm buys babywear group

CHLOE WALKER  |  THURSDAY, 11 AUG 2022
... entrepreneurial leader," Hong said. "Julie is the right person to lead the company in the next phase of growth given her strong track record of building brands and expanding businesses. "We have been long admirers of her leadership of Flora & Fauna and ...

Government to review adviser professional standards

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... consultation on removing the university degree requirement for advisers who have at least 10 years' experience, a clean record and have passed the adviser exam. He said the consultation will look at streamlining the education requirements for advisers ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
Despite seeing its net half-year profit drop about 25%, AMP has commenced a $350 million buyback and plans to return a further $750 million to shareholders. Releasing its first-half results this morning, AMP said it has made significant progress towards ...

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
... in the construction sector. Capacity utilisation - the percentage of potential output levels being achieved - reached a record 86.7%, well above the long-term average of 81.1% according to the NAB business survey. This result suggests the economy could ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
ASIC has permanently banned NSW-based financial adviser Ezzat-Daniel Nesseim after he was sentenced for repeatedly attempting to mislead the regulator. Nesseim is barred from performing any function involved in operating a financial services business ...

Berkshire posts $53bn investment loss

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
Berkshire Hathaway has reported a US$53 billion loss on its investments during the quarter. However, Berkshire Hathaway's quarterly report explained that unrealised gains and losses arising from changes in market price of investments in equity securities ...

Philanthropist fund unveils new NFP partners

CHLOE WALKER  |  MONDAY, 8 AUG 2022
... attracting only 1% of combined government mental health expenditure, Gurney said. "This is despite Australia's strong track record of reducing the financial burden and human cost of many other conditions, such as skin cancer, heart disease, strokes and ...