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Showing 121 - 130 of 301 results for "Divestment"

FSU wants CBA to up pay

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
... executive Matt Comyn said in the results announcement that the bank was able to make some gains during the year due to the divestment of its wealth business. Cash net profit for the bank took a hit of 11.3% compared to FY19 at $7.29 billion. Statutory ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... delivering good outcomes for customers and shareholders. Comyn said the bank was able to make some gains due to the divestment of its wealth businesses which offset some losses due to lower interest rates and COVID-19. "We have now substantially divested ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... available alongside several other ethical investment options on our platforms." IOOF added that the proceeds from the divestment will be used to reduce debt and provide strategic flexibility for growth opportunities. The impact on underlying net profit ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
... strategies, instantly reducing its carbon footprint by the equivalent of taking 200,000 cars off the road, the fund said. The divestment includes its investments in emerging market equities and represents $2.17 billion being removed from the world's ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... small, they would contribute somewhere between three to six or 7% of profits for the banks." This meant the bank's divestment from wealth was "an absolute no brainer", he said. "This has been an unmitigated disaster for the banks," Jenneke said. ...

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
... shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's Australian Ethical International Shares Fund and also ...

First State to dump $40m of thermal coal holdings

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... insurance companies are signally their intent to exit this sector in response to medium-term climate-related risks. "Divestment from thermal coal mining is an important first step, but we recognise there is more to do; which is why we have committed ...

Pension fund in divestment hoax

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
Global climate change activist group Extinction Rebellion has come under fire after it posed as Sweden's largest pension fund and claimed it was divesting from all companies with operations in fossil fuels. On June 29 a website purporting to be that ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases. The reforms to the country's foreign investment framework are its most significant since its establishment ...

Grow Super co-founder in alleged betting scandal

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAY 2020
... this year. "We are having a couple of active discussions with other superannuation funds and expect to finalise the divestment by early 2020 through a successor fund transfer," Wilson told Financial Standard in December last year. The spokesperson for ...