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Showing 171 - 180 of 14025 results for "Down"

Magellan profits fall, focuses on 'progress'

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
Magellan Financial saw statutory net profit after tax (NPAT) drop 27% in the first half of FY26 of $68.9 million, down from $94 million in 1H25. Magellan said statutory NPAT took a hit due to unrealised fair value movements in fund investments. Operating ...

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... economy," Blakey said. Separately, last week HESTA announced that Blakey will be leaving the fund later this year, opting to step down after 11 years at the helm.

GQG reports increased FUM despite $5.5bn outflows

ELIZA BAVIN  |  FRIDAY, 13 FEB 2026
GQG Partners has reported funds under management (FUM) for FY25 of $231.27 billion (US$163.9bn), a 7.1% increase. This comes despite outflows of $5.5 billion (US$3.9bn) for the period ending 31 December 2025. GQG chief executive Tim Carver said despite ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
... of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) grew 20.8% to $285 million mostly driven by success ...

Madigan Capital chair retires, transfers shares to co-owner

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... leadership succession strategy, coinciding with the transfer of shares to joint owner CC Real. Almost a year since he stepped down as chief executive, the current chair and founder Michael Wood is set to retire to spend more time with his family. CC ...

NSW government to turn deficit into surplus of over $1bn in FY28: TCorp

MATTHEW WAI  |  WEDNESDAY, 11 FEB 2026
... requirement compared to the June 2025 budget papers. The forecast borrowing requirement for 2025-26 is now $21.8 billion, down $2.4 billion, and $21.6 billion in 2026-27, down $4 billion. The downward trajectory in issuance is helping the government ...

GQG sees $6bn outflows in a month

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
GQG Partners saw $5.94 billion (US$4.3bn) in outflows in January alone. By comparison, the investment manager saw total outflows in the year ended 31 December 2025 of $5.8 billion (US$3.9bn). GQG did not provide an explanation for the outflows in its ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
FIIG Securities will pay $2.5 million over cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm ...

Institutional investors' risk appetite trends down: State Street

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
According to the State Street Risk Appetite Index, investor appetite declined to zero in January 2026, from a +0.36 reading in December 2025. Despite a strong pick-up in institutional risk exposure towards mid-January, uncertainty around Federal Reserve ...

RBA gives bleak economic outlook

ELIZA BAVIN  |  TUESDAY, 10 FEB 2026
... forecast period. "The outlook for household consumption growth and non-mining business investment in 2027 have also been revised down." The RBA is also anticipating the unemployment rate will increase gradually to reach 4.6% by mid-2028. " Leading indicators ...