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Showing 1721 - 1730 of 7097 results for "June 30"

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
"After a steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth in the 22-year history of the WPI, ABS head of price statistics Andrew Tomadini said. "The June 2020 quarter was the first full period in which ...

Warakirri launches retail funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Melbourne's Warakirri Asset Management has launched new retail funds from its freshly-minted partnership with Northcape Capital. Warakirri is launching a new global emerging markets fund that invests in 20-40 stocks. It is managed by Northcape, whose ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Magellan is readying a new low-cost lineup of its strategies for retail investors, as it reports 5% higher net profit after tax of $395.2 million for FY20. The Magellan Core series will kick off as open-ended funds on Chi-X (so far its ETFs use ASX ...

Finance employees remain fearful

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
While finance employees rank among those most confident in Australia's workforce, they are also the most likely to have numerous concerns on the risks of returning to the office. According to LinkedIn's Workforce Confidence Index, the financial services ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
Big congratulations to our next door neighbours, you've done well. August 10 marked 100 days that the country has gone without any recorded case of coronavirus infection - 'twas way back on May 1 when New Zealand reported the last infection. ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June  ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
Real estate investment trust GPT Group has bled $519.1 million after tax for the first half of the year, pointing to COVID-19 related negative property movements for the heavy losses. All properties in the trust were independently valued during the ...