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Showing 111 - 120 of 1050 results for "A Share"

QIC reports $9bn record earnings

KARREN VERGARA  |  WEDNESDAY, 2 OCT 2024
Queensland Investment Corporation's (QIC) earnings topped a record $8.9 billion in the last financial year, buoyed by most investments outperforming their targets. QIC's assets under management also increased to $111.7 billion with the help ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... Australia since the late 1980s. "Mortgage delinquencies are likely to rise a little further from here but remain low as a share of total loans," Mousina said. "But, the probability of large-scale housing loan defaults, forced home sales and large falls ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... company will be deemed to carry on a business in Australia if they have a place of business in Australia; establish or use a share transfer office or share registration office in Australia; or administer, manage, or otherwise deal with, property situated ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Senate will consider legislation to define an objective of superannuation. The Superannuation (Objective) Bill enshrines the goal to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and ...

SPAC acquires Australian Food & Agriculture

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
A Nasdaq-listed firm is set to acquire the Australian Food & Agriculture Company (AFA) for $780 million, the majority of which is owned by members of the Bell family and Alastair Provan. Agriculture & Natural Solutions Acquisition Corporation (ANSC) ...

Consultation begins on new merger notification thresholds

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... proposed that mandatory notification will be triggered if mergers meet new market concentration thresholds, including a share of 25% of an affected market where the Australian turnover of at least two of the parties, including the acquirer group, is ...

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
Investment firm Factory Capital has become a cornerstone investor in Finexia Financial Group through a $3.73 million private placement subscription. The deal comprises the purchase of 12.46 million Finexia shares at $0.30 each, a 20% premium over its ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... at $0.41 per share. This represents a 9.3% premium to the last close price of $0.375 on August 22. Raiz will undertake a share purchase plan to raise a further $2 million, also issued at $0.41 per share. Raiz said the money will be used to build out ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...