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Showing 1451 - 1460 of 6679 results for "Sale"

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Amazon founder Jeff Bezos added US$13 billion to his net worth in a single day marking the largest single day jump for an individual, according to the Bloomberg Billionaires Index. The spike in wealth was due to a near 8% spike in Amazon shares, due ...

Ombudsman demands changes for small business insolvencies

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... The proposal may seek to restructure or to wind up the business, where a restructure must retain the existing company and a sale of the business and/or its assets must be to an unrelated party. Carnell said external administrations are focused on maximising ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... won't have any control over the news outlet, he said, with the company set up so that no one could ever benefit from a future sale. "The company is governed by a constitution that very clearly spells out a charitable purpose, and the people who have ...

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
"Sweet days of summer, the jasmine's in bloom July is dressed up and playing her tune... Summer breeze, makes me feel fine, blowing through the jasmine in my mind" -Summer Breeze, Seals and Crofts It was expected. China was first in. It was the ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
The corporate watchdog has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director. If found guilty of all allegations, director Shlomo Yoshai ...

Charter Hall makes $214m warehouse play

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... has been added to Charter Hall's Direct Industry Fund No. 4. The investment manager paid OIA $88 million for the asset. The sale and lease back agreement on the property will run for a 20 year triple net lease, the property manager said, with fixed 3% ...

Legg Mason subsidiary cuts performance fees

ALLY SELBY  |  THURSDAY, 16 JUL 2020
A subsidiary of Legg Mason has cut performance fees for two of its value funds, after recording negative returns during the COVID-19 crisis. RARE Infrastructure, a listed infrastructure manager, removed performance fees on its value funds, both hedged ...

Top equities managers revealed

ALLY SELBY  |  THURSDAY, 16 JUL 2020
Former Ausbil microcap managers Tony Waters and Chris Prunty have come out on top of Mercer's Australian Shares Investment Manager Performance ranking, after their QVG Capital Long Short fund returned 29.3% for the year. Hyperion Australian Growth and ...

Evans & Partners adds distribution lead

JAMIE WILLIAMSON  |  THURSDAY, 16 JUL 2020
Evans & Partners has appointed a former Cambridge Investment Partners director to a lead distribution role. Charlie Wapshott has been named head of distribution for Evans & Partners' International Equity Fund, focused on developing a national strategy ...

AMP hit with credit downgrade

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is a response to the AMP Life Limited sale which settled at the end of June. In an announcement to the ASX, AMP defended itself against the downgrade. "AMP continues ...