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Showing 1591 - 1600 of 19281 results for "Group"

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
Magellan Financial Group will take a stake in Vinva Investment Management, as it reports an increase in profits and stabilised outflows - but it says there's still work to be done. Magellan has announced it is acquiring 29.5% of Vinva Investment ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... presented a modest rise of 20 basis points (3.2%) in its inflation index in July, the lowest level since April 2021. deVere group chief executive Nigel Green suggested the Fed was already behind the curve globally on the rate hiking and easing cycle ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
Ethical investment groups Ethinvest and Future Group are backing an investor campaign to stop media giants Seven West and Nine Entertainment from running gambling ads. Ethinvest, a financial planning group, and Future Group, the parent company of super ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... plans to reinstate dividend payments once sustained profitability is achieved. Andrew Russell was appointed on July 28 as group chief executive to stabilise the firm, which has gone through three chief executives since 2021. Russell said he plans further ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... commenced in New Zealand. "The board continues to monitor each of these proceedings and investigations," CBA said. "The group also continues to engage with its regulators and other bodies in relation to the matters under investigation." CBA said it has ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement income business that ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... $818.95; they saw growth of 10.9% and 2.7% in the first half, respectively. The most impressive growth was seen at Apex Group, jumping 25.6% to $37.06 billion. This was followed by Artega, whose assets under custody grew by close to 25% to total $2.08 ...

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... Janus Henderson will acquire a majority stake in private credit manager Victory Park Capital Advisors after Pacific Current Group agreed to divest part of its interest in the firm. The London-headquartered asset manager said that the acquisition of Victory ...

Russell Investments appoints global head of alternatives

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... various business units. Most recently, she played a key role in the general partner stakes team within the external investing group. Earlier in her career at GSAM, Parra was a senior commodity portfolio manager within the fixed income group, with responsibility ...