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Showing 131 - 140 of 3205 results for "Frank"

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
HUB24's latest half-year results show continued growth for the platform, with NPAT up 103% on the previous corresponding period. The company reported NPAT of $14.2 million for the period, up 103% on the first half of 2021. Group underlying EBITDA also ...

Mixed results for Netwealth

CHLOE WALKER  |  THURSDAY, 17 FEB 2022
Netwealth reported a mixed half year result with increased profits, a higher dividend but also higher expenses. The platform reported total revenue of $84.7 million, which was up 17.1% on the previous corresponding period. Netwealth said it had "strategically ...

CBA posts strong result, dividend

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
Commonwealth Bank reported first half results for 2022 with profit and dividend up significantly on the first half of 2021. The big bank reported statutory NPAT of $4.7 billion, up 26% on 1H21. Cash NPAT was up 23%, also at $4.7 billion. CBA paid a ...

CFA releases disappointing pass rate

KARREN VERGARA  |  MONDAY, 7 FEB 2022
Only 27% of candidates who sat the latest Chartered Financial Analyst (CFA) level one exam passed. The November exam, which had 28,170 aspiring investment management professions undertaking the session, saw a marginal improvement compared to the May ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
Pinnacle Investment Management shuttered one of its affiliates just two years after it acquired a stake. Reminiscent Capital, a discretionary Asian macro strategy, folded in November 2021, resulting in a $1.8 million write off. Pinnacle hoped that Reminiscent ...

US fund manager hires former Legg Mason executive

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
Legg Mason's former regional and country head has taken on an executive role at a US$575 billion US-based asset manager. Allspring Global Investments, which recently rebranded from Wells Fargo Asset Management, hired Andy Sowerby as managing director ...

Link agrees to $3bn takeover

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
A North American software provider is set to acquire Link Group for $2.9 billion, ousting private equity firm Carlyle Group in the bidding process. Dye & Durham is willing to pay $5.50 for every Link share in exchange for acquiring 100% of the ASX-listed ...

Spirit Super purchases landmark site in Tasmania's largest property deal

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
Spirit Super members have a new asset working for their retirement, with the Parliament Square acquisition now complete. This is Tasmania's largest ever property transaction by value. "We are delighted to have purchased such a high-quality asset in ...

Knight Frank releases 2022 outlook

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
Knight Frank has released its Outlook 2022 Report, which looks at its predictions and major themes driving the Australian property market next year. The report covers everything from the industrial, commercial, office and residential markets, as well ...

HUB24, Class alter acquisition terms

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
HUB24 has altered its acquisition terms and will pay a bigger cash consideration for Class. The two firms announced they have agreed to a new deal in which HUB24 will pay 12.5 cents per Class share as opposed to the original amount of 10 cents proposed ...