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Showing 151 - 160 of 364 results for "divestment"

Class makes acquisition, profit down

ANNABELLE DICKSON | TUESDAY, 17 AUG 2021

... its full-year results, statutory net profit was down 46% to $3.7 million with a $3.2 million loss attributed to the divestment of Philo Capital Advisers. Meanwhile, operating revenue was up 25% to $54.9 million and EBITDA was up 15% to $21.9 million. ...

Praemium appoints chief executive

KANIKA SOOD | THURSDAY, 12 AUG 2021

... consolidation, when we are experiencing very strong growth across all parts of our business and we have commenced the divestment process for our UK and international business, the board is delighted Anthony has agreed to accept the permanent appointment ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA | WEDNESDAY, 11 AUG 2021

... $3.50 per share fully franked. The bank will also undertake a $6 billion off-market buy-back of shares following the divestment of several businesses. CBA chief executive Matt Comyn said the ability to return capital and pay a $3.50 total dividend reflected ...

Praemium improves non-custodial solution

ANNABELLE DICKSON | WEDNESDAY, 21 JUL 2021

... Earlier this month, Praemium announced it's considering selling its international business. Praemium said the proposed divestment would also allow more focus on the Australian business.

AMP Capital fund reduces fees, secures major loan

KARREN VERGARA | THURSDAY, 15 JUL 2021

AMP Capital's Community Infrastructure Fund (CommIF) is shaking up its management fee structure and has announced that it secured a major loan for one of its key assets. The $1.4 billion fund told shareholders that from August 1, management fees ...

Praemium to sell international business

JAMIE WILLIAMSON | WEDNESDAY, 14 JUL 2021

... serving the interests of its clients and better advancing the career opportunities of its employees". The proposed divestment would also allow Praemium to focus on the Australian business, the company said. Confirmation of the plan for the business comes ...

CFS unveils new leadership team

KARREN VERGARA | MONDAY, 5 JUL 2021

... Generation Development Group chair was named chair-elect in March and will take the post once the deal finalises. CBA's divestment is still subject to finalisation and regulatory approvals, but is anticipated to complete in the second half of 202 ...

Dexus reports higher portfolio valuations

KANIKA SOOD | WEDNESDAY, 23 JUN 2021

ASX-listed Dexus reported a $362 million increase in the valuations of its 117 property assets as at June end. Dexus revalued 117 of its 128 assets including one healthcare property, 41 office properties and 75 industrial properties. It said the externally ...

CBA offloads general insurance arm

ANNABELLE DICKSON | MONDAY, 21 JUN 2021

... transfer by way of a scheme under Part 9 of the Life Insurance Act The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR | FRIDAY, 4 JUN 2021

... It followed a $500 million upfront payment in November 2019. The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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