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Showing 1651 - 1660 of 7108 results for "December"

Link unsatisfied with new offer, allows due diligence

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
... the offer does not represent "compelling value". Link shares have jumped since the announcement, closing at $4.96 on December 7 and sits at $5.59 at mid-morning on December 10. Despite this, Link will provide SS&C with due diligence information that ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... confidence continued to go on the up and up. The Westpac-Melbourne Institute index of consumer surged to a reading of 112 in December - up by 4.1% from November's read, 48% higher than the low recorded in April of this year and is the best reading ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that the standard-setting aspect of FASEA will be swallowed up by Treasury. Its remaining functions, such as exam administration ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... sale will increase CBA's common equity tier one ratio by 29 basis points. The transaction is expected to be completed by December 31. In September, CBA received $450 million furthering the divestment of CommInsure Life to AIA Group. The payment followed ...

ASIC defers portfolio holdings disclosure deadline

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... disclose their portfolio holdings. The regulator has extended the relief, which defers the first reporting day to 31 December 2021. The relief was set to expire on 31 December 2020, requiring trustees to publish information about holdings on the fund's ...

Kiwi firm rejects AustralianSuper takeover bid

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... Yesterday, the super fund revised it to NZ$7.43 per share, factoring in a 28.1% premium on IFT's closing share price on December 4. IFT cited other "unattractive" aspects of the offer, one being meeting material conditions from the Foreign Investment ...

Acadian hires from Macquarie

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... $140 billion quantitative firm's Australian office as vice president product and wholesale markets. At the start of December, Acadian reduced fees for several of the funds it manages in Australia. The asset manager said in addition to reducing base ...

Link takeover heats up

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... Holdings is offering $5.65 per share to acquire 100% of Link via a scheme of arrangement. Link shares closed at $4.96 on December 7 and jumped as high as 13% to $5.61 mid-morning, the day after SS&C announced its interest. On October 28, Link rejected ...

Bennelong adds to board

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... joined the board of the fund manager and its parent company Bennelong Funds Management Group as non-executive director on December 1. Dwyer served as First State Super chief executive between 2004 and 2018. He currently holds several directorships: NSW ...

Chief economist update: China turns crisis into opportunity

BENJAMIN ONG  |  TUESDAY, 8 DEC 2020
... a vaccine becomes widely distributed. Speaking of the vaccine, China's also turning this into an opportunity. On December 6 ABC News reported that: "China's fledgling pharmaceutical industry has at least five vaccines from four producers being ...