Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1871 - 1880 of 7101 results for "June 11"

Arena REIT completes oversubscribed capital raise

ALLY SELBY  |  THURSDAY, 4 JUN 2020
The ASX-listed social infrastructure developer has raised $60 million in an oversubscribed institutional placement, raising $10 million more than previously hoped. Due to the strong support of its existing and new investors, Arena REIT said the institutional ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
Technically, we're not there yet but Federal Treasurer Josh Frydenberg opted not for a stay of execution and acknowledged that Australia's 29-year recession-free run is over. "Well, the answer to that is yes. And that is on the basis of the ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
The much-anticipated sale of Madison Financial Group was finalised Tuesday evening, with the buyer paying $4.5 million to $5 million, Financial Standard understands. Clime Investment Management will be the new owner of Madison Financial Group, which ...

AMP Foundation offers $2m for COVID-19 recovery

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
AMP's corporate philanthropic foundation is offering $2 million in grants for non-profits working to meet COVID-19's challenges in the community. To be eligible, the organisation must have annual income of less than $20 million, derive less than 70% ...

Plato fund to shutter

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
An Australian shares fund run by Plato Investment Management will shutter later this month after running for nearly 14 years as its assets dwindle. Plato's Australian Shares Core Fund invested in Australian companies and was benchmarked to the S&P/ASX ...

Chief economist update: What to expect when you're expecting

BENJAMIN ONG  |  TUESDAY, 2 JUN 2020
The Reserve Bank of Australia's (RBA) policy decision - to be announced this afternoon - will only confirm what everyone already is expecting. RBA Governor Philip Lowe and his board will keep Australia's monetary policy settings unchanged - ...

Clearstream rebrands Australian acquisition

ALLY SELBY  |  MONDAY, 1 JUN 2020
The $14 trillion post-trade securities service provider has rebranded an Australian managed funds business that it acquired in July last year. Sydney-based Ausmaq will be renamed Clearstream Australia from June 1, and will provide custody and administrative ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
In a surprise announcement this morning, IRESS made an offer to acquire OneVue, whose shareholders have been waiting on the company's previously-announced buyback and recovery of money owed to it by Sargon entities. IRESS is offering to buy all ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors. Wexted Advisors has asked Sargon's creditors, of which there ...