Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 3599 results for "Inflation"

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... superannuation over the past year was driven by strong contribution inflows, reflecting higher employment growth, higher wage inflation and strong investment market returns," APRA said. The regulator noted contributions increased by 12.9% to $165.2 billion ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... paying down debt. Some of the items attributed to the loss include increased technology spend, higher salaries due to inflation, and higher spend on contract staff as part of the transformation strategy. Additionally, EBITDA dropped by 55% to $29.4 million ...

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
... of USD millionaires worldwide fell by 3.5 million during 2022 to 59.4 million people, before considering 4.4 million "inflation millionaires" who would no longer qualify if the millionaire threshold were adjusted for inflation in 2022. As inflation has ...

Dexus reports $752.7m loss

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
... Meanwhile, its operating profit after tax also took a 3% hit to $580 million from $596 million in FY22. "While high inflation and interest rates continue to place pressures on our operating environment, our integrated model ensures that we are well positioned ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... months have been represented by a dynamic macroeconomic environment driven by tightening fiscal policy and elevated inflation. Notwithstanding these factors, the undersupply of housing is a key driver of tight rental vacancy levels and an increase in ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
New data from the US shows that while inflation ticked up in July to 3.2%, several indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally ...

Australian Ethical unveils new moderate fund

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... had 2022 was a year "divided into two halves." "For the first half of the year, as markets dealt with the outlook for inflation, rising rates, the repercussions of energy and materials, things were challenging for us... But we stuck to our positions ...

Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... defensive attributes are showing, and we continue to be able to achieve steady rental growth across our portfolios. Once the inflation cycle shows signs of stabilising, we expect that there will be strong demand for exposure to this asset class, which ...

High rates impacting REITs: Quay

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... deliveries today, Blaess said, while new development, and thereby future supply, is being impacted by construction cost inflation combined with a restrictive financing environment. "Nowhere is this dynamic more obvious in Australia right now than in ...