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Showing 1431 - 1440 of 6679 results for "Sale"

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
Challenger this morning reported $416 million in statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic. The -$416 million statutory NPAT is a stark contrast to previous years, where it reported $308 million ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... 5.5 million shares. That reduces IOOF's ownership in Australian Ethical to 4.9%. IOOF chief executive Renato Mota said the sale aligns IOOF's strategy to simplify its business. "Our investment in Australian Ethical has realised significant returns for ...

OneVue to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
OneVue will file court proceedings against Taiping Trustees to assert its right to about $9.4 million sale proceeds of Madison Financial Group and Sequoia shares. The ASX-listed company said its preference is still to resolve the matter out of courts ...

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... breaches of the Corporations Act and the Corporations Regulation. Pershing was fined $15,000 for a breach where the transferring sale proceeds from international trading in client's securities from trust accounts into its general bank account. The second ...

First Sentier bolsters board of directors

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... appointed non-executive directors Michelle Tredenick and Richard Wastcoat on the investment manager's board. Following the sale of the business from the Commonwealth Bank to Japanese bank Mitsubishi UFJ Trust and Banking Corporation, First Sentier Investors ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... continue that legacy," Scurrah added. Virgin Australia went into administration on April 21. While Virgin has entered a binding sale agreement for the business with Bain Capital, the sale is not yet complete. Bain Capital has proposed a Deed of Company ...

BDM salaries to drop

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
Salaries for funds management and platform business distribution managers are expected to decrease over the next six to 12 months along with bonuses, according to Riva Recruitment. Salaries for BDMs have seen little change in the last six months, but ...

Iress adds to executive team

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
The financial services technology company has added the newly created role of chief commercial officer to its leadership team. Michael Blomfield will step into the role and will be responsible for Iress' business growth objectives, including increasing ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... by 39% in June was noted by Lazard as contributing to the Lazard Select Australian Equity Fund's overall performance. The sale of AMP Life was noted as one of the reasons for the share price bump. "After the transaction, we estimate that AMP holds about ...

GQG Partners wins $20m mandate

KANIKA SOOD  |  MONDAY, 3 AUG 2020
A Sydney advice firm has allocated $20 million for global equities to Florida-headquartered GQG Partners. PlayfairTan investment director Darren Cunneen said GQG's global equity strategy had a strong track record, is competitively priced and benchmark ...