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Showing 1661 - 1670 of 7097 results for "June 2011"

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
Australian Unity has seen its profits plummet more than 70% compared to the previous financial year, with the group noting the impacts of COVID-19 saw it miss out on about $26 million in profit. Australian Unity reported a profit after income tax of ...

First State Super makes first take-private bid

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
First State Super, soon to be Aware Super, has made a bid to acquire 100% of the shares in a listed telco, in what comes as the super fund's first direct bid for an ASX-listed company. The $95 billion industry super fund has made a bid to acquire ...

Mainstream expands private equity offering

ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
Mainstream Fund Services has expanded its private equity services in the Asia-Pacific region. Mainstream said it brought its US private equity solution to Asia-Pacific, to allow general partners to benefit from one complete system for accounting, CRM ...

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
Don't look now but it appears that it's not just COVID-19 seeing a second wave. Saudi Arabia is also taking a second bite on oil price discounting. Bloomberg reports that, Saudi Arabia's state producer, Saudi Aramco, has cut its key Arab ...

Adviser demands answers from Media Super

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
A financial adviser has publicly called on the chief executive of Media Super to explain why a total and permanent disability claim for a very vulnerable client has been indefinitely delayed. ClaimRight founder and Financial Planning Association of ...

S&P downgrades AMP

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
AMP Limited and AMP Group have been hit with a credit downgrade from S&P. S&P downgraded AMP Limited and AMP Group Holdings from BBB to BBB-. AMP Bank also got a downgrade, from BBB+ to BBB. However, the outlook for AMP Group improved from "creditwatch ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
Platforms are the preferred sector exposure, asset managers are inexpensive and Link Group offers the best mid-term value, according to Credit Suisse's Diversified Financial Services Sector review for August 2020. The report reviewed the key operational ...

Instos dial up alternatives allocations

KARREN VERGARA  |  FRIDAY, 4 SEP 2020
Most institutional investors are seeking alternative investments to safeguard against COVID-19 volatility. New CoreData Research reveals nearly half (40%) of the 459 participants it surveyed between June and July will ramp up allocations to alternatives ...

Sustainable ETF demand skyrockets

KARREN VERGARA  |  FRIDAY, 4 SEP 2020
The growth in sustainable index funds shows no sign of abating as assets under management double to US$250 billion in just three years. That is according to research firm Morningstar, highlighting the changing attitudes of investors bending toward ESG-conscious ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
While we, Australians all, continue to shudder at the economy's first recession in 29-years, our nation - to use Old Blue Eyes' song - remains "Top of the list, King of the hill, A number one..." It may not be Einstein's "relativity theory" ...