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Showing 1311 - 1320 of 6747 results for "Profit"

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... $202.3 billion while also increasing remediation provisions by $80 million. The wealth manager is expecting an underlying profit from continuing operations of $123 million to $125 million. The result has been impacted by the volatility in financial markets ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Banks and insurers have been asked to retain at least half of their earnings while deciding dividends until December, after APRA issued revised guidelines. The prudential regulator in April asked banks and insurers to consider deferring dividend decisions ...

Good quarter but bad year for US instos

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Northern Trust's survey of its American not-for-profit institutional clients found strong performance in the June quarter but year-to-date returns are still negative at pension funds and the like. Public funds -- which have about 50% in equities -- ...

Momentum, quality outperform in 2020: S&P

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
Quality and low volatility indices outperformed during the COVID-19 financial crash, which saw the Australian share market drop 35.9% between February 20 and March 23, according to new research coming out of S&P Dow Jones Indices. During the crash ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... said. "All banks should follow NAB's lead and stop dealing with debt vultures if they care about their customers." Many for-profit debt assistance providers do not hold a current Australian financial services (AFS) licence or Australian credit licence ...

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
The difference between Australia and China, my friends, is there are no selfish, stupid "Karens" in China. None that compare to the one in the state of Victoria that has now gone viral, protesting against the mandatory wearing of face masks. Let's ...

Australian Unity names chief executive

ALLY SELBY  |  MONDAY, 27 JUL 2020
... to her tenure at NAB, Yates worked at ANZ as an executive director of institutional banking, whilst also forming not-for-profit organisation Women in Banking and Finance. She also spent 10 years with Citi as its corporate bank's head of utilities and ...

Perpetual takes stake in US asset manager

JAMIE WILLIAMSON, KANIKA SOOD  |  MONDAY, 27 JUL 2020
... Hanley and Trillium will be 29% of the total operating revenue post acquisition. Perpetual is expecting to statutory net profit after tax of $82 million for FY20.

Giselle Roux joins Melbourne boutique

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... education, and sustainable development (such as social housing). "Social and crisis accommodation is particularly amenable to profit-seeking capital because we can make an analogy to property while still making an impact," Tominc said. Channel Capital ...