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Showing 1761 - 1770 of 14210 results for "Interest"

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... said it expects to report group revenues of $1.23 billion, some 4.5% better than last year. Its operating earning before interest and taxes will come in 15.7% higher year on year at $178.1 million, it said. Meanwhile, its operating NPATA excluding PEXA ...

Commercial property deals stuck at 2011 levels

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... contributing to a total return decline of -4.4%," MSCI said. It added that the outlook for pricing has been muddied by interest rate hikes and the subsequent impacts. "This is a worrying sign for the market as the slowdown is becoming more entrenched. ...

HESTA moves 10% of portfolio in-house

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... investment officer Sonya Sawtell-Rickson said it was a significant achievement to have both the Australian equities and fixed interest and cash teams established and plans are underway to further scale the strategies over the next six to 12 months. "Growth ...

Trust trumps product advice: Research

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... advisers. The research found that when measuring the value an adviser brings to a client, acting in their best financial interest (82%) and 'simplicity and trust' (67%) rated higher than product advice (41%) and portfolio construction (26%). Other findings ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... assessing ASX's stakeholder engagement and governance practices, including their management of intragroup conflicts of interest. ASIC chair Joe Longo welcomed the appointment and the establishment of the new group. "There was a consensus that ASX ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... policy strategy is finally working but warned the nation not to get too comfortable with its latest decision. The soaring interest rate climate is a cash bonanza for the banks, which have increased their lending rates astronomically despite the RBA's ...

Future Fund finds new chief investment officer

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... now step up to lead the investment program," Costello said. "Globally, inflation remains higher than is desirable and interest rates have continued to rise, while fiscal policy remains accommodative and productivity growth is low. This creates a challenging ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates and the rising debt stock will increase the interest service burden, while an aging population and rising healthcare ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
Micro-investing app Raiz has upped its fees on a range of its portfolios, with some increasing as much as 29%. The monthly maintenance fee for the Standard portfolios will increase from $3.50 to $4.50 for account balances of less than $20,000. For balances ...