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Showing 181 - 190 of 364 results for "divestment"

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR | WEDNESDAY, 16 SEP 2020

Two major industry superannuation funds have this week made bold statements about their stance on climate change, but critics argue it may be "virtue signalling" with little substance. UniSuper announced this week it is committed to achieving net zero ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON | FRIDAY, 4 SEP 2020

... risks and protect the retirement savings of hard-working people," she added. Acknowledging that some may say complete divestment is the better option, Coffey said such an approach is overly simplistic and actually makes it harder to achieve net zero. ...

IOOF posts profit, restructures business

ELIZA BAVIN | MONDAY, 31 AUG 2020

IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ...

FSU wants CBA to up pay

ELIZABETH MCARTHUR | THURSDAY, 13 AUG 2020

... executive Matt Comyn said in the results announcement that the bank was able to make some gains during the year due to the divestment of its wealth business. Cash net profit for the bank took a hit of 11.3% compared to FY19 at $7.29 billion. Statutory ...

CBA profit takes hit, dividend cut

ELIZA BAVIN | WEDNESDAY, 12 AUG 2020

... delivering good outcomes for customers and shareholders. Comyn said the bank was able to make some gains due to the divestment of its wealth businesses which offset some losses due to lower interest rates and COVID-19. "We have now substantially divested ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR | FRIDAY, 7 AUG 2020

... available alongside several other ethical investment options on our platforms." IOOF added that the proceeds from the divestment will be used to reduce debt and provide strategic flexibility for growth opportunities. The impact on underlying net profit ...

UK pension fund to go net zero

JAMIE WILLIAMSON | THURSDAY, 30 JUL 2020

... strategies, instantly reducing its carbon footprint by the equivalent of taking 200,000 cars off the road, the fund said. The divestment includes its investments in emerging market equities and represents $2.17 billion being removed from the world's ...

Aussie banks set to underperform

ALLY SELBY | THURSDAY, 16 JUL 2020

... small, they would contribute somewhere between three to six or 7% of profits for the banks." This meant the bank's divestment from wealth was "an absolute no brainer", he said. "This has been an unmitigated disaster for the banks," Jenneke said. ...

Australian Ethical divests Mercer parent company

ALLY SELBY | MONDAY, 13 JUL 2020

... shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's Australian Ethical International Shares Fund and also ...

First State to dump $40m of thermal coal holdings

ALLY SELBY | THURSDAY, 9 JUL 2020

... insurance companies are signally their intent to exit this sector in response to medium-term climate-related risks. "Divestment from thermal coal mining is an important first step, but we recognise there is more to do; which is why we have committed ...

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Australian Unity to shed 195 roles

MATTHEW WAI

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

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

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

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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