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Showing 151 - 160 of 816 results for "Settlement"

Investors warned on human rights risk in Israel-Hamas conflict

RACHEL ALEMBAKIS  |  FRIDAY, 13 OCT 2023
The escalation of armed violence in Israel and the Occupied Palestinian Territory (OPT) raises investor concerns over business responsibility under international humanitarian law (IHL). Investors are increasingly interested in understanding their risks ...

Navigator Global appoints chief executive

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... right time to add another high-calibre executive to accelerate the execution of our growth strategy, following early settlement of the 2026 redemption payment," NGI chair Michael Shepherd said. "We believe Stephen's skillset and experience will be a ...

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... director to the LF Woodford Equity Income Fund. In August, Link said it expected to provide for about $390.9 million in settlement and redress costs in the second half of FY23, with a gain of $280.3 million expected when the sale completes in FY24. The ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Disgruntled AMP shareholders are set to receive $84 million out of the $110 million class action settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement ...

GARDA Property Group confirms $30.5m loss

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... successful completion of due diligence, capital raising and finance." Should the transaction proceed, the group said the settlement is expected to occur in late December 2023, with net sale proceeds applied to the partial repayment of drawn variable ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... The bill also houses two unrelated pieces of legislation. The first facilitates more competition in the clearing and settlement of cash equities traded in Australia, which is dominated by the ASX's ASX Clear and ASX Settlement. ASIC now has new rule-making ...

NZ Super Fund secures stake in Euroclear

CASSANDRA BALDINI  |  MONDAY, 4 SEP 2023
... quadrillion in annual securities transactions, Euroclear offers a range of post-trade services, including transaction settlement, asset servicing, and collateral management. The Euroclear group includes the Euroclear Bank and the International Central ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023
The Commonwealth of Australia will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit. The case, filed in 2020 by retail investor Kathleen O'Donnell, was represented pro bono ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... issues, particularly with respect to replacing CHESS, until they are communicated to the ASX Cash Equities Clearing and Settlement Advisory Group or Advisory Group. The Advisory Group will in turn provide any recommendations. If recommendations are not ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... of $390.9 million in its profitability, provisioning this amount as the fallout from the Woodford Equity Income Fund settlement and associated redress continues. Link's loss would have worsened if it had not sold its 10% interest in PEXA during the ...