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Showing 121 - 130 of 2657 results for "Purchase"

Magellan adds $2bn to FUM

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... Magellan Global Fund (MGF) from closed-class units to open-class units. Magellan pointed to specialist investors' purchase of closed-class units at a discount to net asset value as the instigator of these redemptions, of which Magellan tentatively ...

Barings, Rest break ground on $400m investment

ELIZA BAVIN  |  THURSDAY, 1 AUG 2024
... industrial precinct of Truganina, in Western Melbourne. In June this year, the venture completed a significant off-market purchase of a premium industrial portfolio for $780 million from Goodman Group. "Barings is excited to commence construction on ...

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
The Consumer Price Index (CPI) rose 1% in the June quarter and 3.8% annually, according to the latest data from the Australian Bureau of Statistics (ABS). "The June quarter rise is the same as the 1% rise in the March 2024 quarter," ABS head of price ...

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... macro level by federal and state governments, there are other, more immediate options for younger Australians wishing to purchase their first property."

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
Four people have been criminally charged after an ASIC investigation identified them as key members of a Telegram group named the 'ASX Pump and Dump Group.' Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart have been charged with conspiracy ...

Kidmans acquires wealth advisory firm

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
Kidmans Partners, a member of the Count network, has acquired Victorian accounting and financial advice firm Zanacorp for $2.1 million. Kidmans will pay 70% of the consideration for Elsternwick-based Zanacorp upon completion and the remainder will be ...

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
Group insurance continues to be cheaper than life insurance purchased directly with an insurer by as much as 25%, new research from Rainmaker Information shows. The latest Rainmaker Benchmarking report finds that cost savings for group insurance members ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
The Takeovers Panel declared that rogue shareholders, which include Glennon Capital, seeking to gain control of Sequoia Financial Group were not transparent about their relationship and breached substantial shareholder laws. In an update to the ASX ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
The family office of Tesla chair Robyn Denholm, Wollemi Capital Group, has partnered with the National Basketball League (NBL) to acquire the Women's National Basketball League (WNBL) from Basketball Australia. Wollemi Capital Group and the NBL have ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... were the major driver of the increase in corporate net borrowing. Deals in the healthcare sector, including Pfizer's purchase of Seagen, accounted for nearly one third of the rise. However, across all sectors, Janus Henderson estimated that takeovers ...