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Showing 1371 - 1380 of 3464 results for "Stake"

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... the New Zealand central bank in July 2019. AMP revised down the amount to $3 billion ($2.5 billion in cash, and about 20% stake worth $500 million) in August 2019 and updated completion date to first half of 2020. As a part of the change in ownership ...

Super funds keep eye on Rio Tinto review

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... week the fund's chief investment officer and deputy chief executive Mark Delaney said it had no plans to sell down its stake in the mining giant despite Rio's actions. Delaney revealed the firm had been "quite approachable" and said the fund ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ...

AustralianSuper gives Rio Tinto slap on the wrist

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... to it blowing up a 40,000 year old Aboriginal heritage site, but the fund won't be selling down its $1 billion dollar stake. AustralianSuper chief investment officer and deputy chief executive Mark Delaney revealed the country's largest super ...

Mayfair to drop use of platinum

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
Mayfair 101 has settled its trademark dispute with Platinum Investment Management over the use of the word "platinum" in the Mayfair Platinum brand. The settlement requires Mayfair 101 to cease using its Mayfair Platinum brand name from 30 June 2020. ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
... remaining shares for $122 million (NZD$130 million). It comes just over a month after Centuria Capital Group acquired a 23.3% stake in the New Zealand-based property manager at NZD$0.55 a share. In a release on the ASX, Centuria said the takeover would ...

AustralianSuper bets on build-to-rent

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... significant investment into an Australian build-to-rent developer. The country's largest superannuation fund has purchased a 25% stake in Assemble Communities and will have the opportunity to invest in the company's pipeline of projects. Assemble said ...

Family office backs fixed income fintech

KANIKA SOOD  |  TUESDAY, 9 JUN 2020
... It's back to his roots for Kapstream Capital's retired co-founder Kumar Palghat, as his family office takes an equity stake in a new fixed income execution fintech. KPY Pty Ltd has made a cornerstone investment in Liquidity Cube, an ASIC-regulated ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... relief to individuals and stability in capital markets that can only be assured by large, long term investors with a key stake in the national interest." Jones says the National Party should pay particular attention to the actions of industry fund Rest ...

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
A new report has revealed a number of superannuation funds, including AustralianSuper, voted down shareholder resolutions on climate change despite signing up to the Investor Group on Climate Change. The Australian Centre for Corporate Responsibility ...