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Showing 2111 - 2120 of 6679 results for "Sale"

CYBG revises Virgin Money offer

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... new holding company, CYBG PLC, taking 75% ownership of NAB's Clydesdale and Yorkshire operations; the proceeds of the sale will be distributed to shareholders. The remaining 25% will be sold to institutional investors via an IPO. NAB flagged in late ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... JBWere, it is shedding the rest of its wealth operations so as to become "focused on core banking." NAB said options for the sale include a demerger or an initial public offering, and that it is targeting listing for MLC by the end of 2019. Rainmaker ...

$26 billion real estate group shuffles portfolio

KANIKA SOOD  |  TUESDAY, 5 JUN 2018
... are divesting up to $1 billion of non-core assets to fund the acceleration of our strategy," Kelley said. The $1 billion sale is expected to reduce the company's gearing by 450 bps. Macquarie Capital is acting as corporate advisor on the asset sales ...

Fidelity extends institutional capability

HARRISON WORLEY  |  MONDAY, 4 JUN 2018
Fidelity International has appointed a former AMP Capital executive to head up its institutional business as the needs of its clients evolve. Joining the firm from his current post as head of institutional business at AMP Capital is John Meagher. Meagher ...

Global investment bank expands Australian team

HARRISON WORLEY  |  MONDAY, 4 JUN 2018
The investment banking arm of the Royal Bank of Canada expanded its Australian distribution with the appointment of a head of fixed income sales. New York based Christopher Muirhead will join RBC Capital Markets Australian team in Sydney, linking from ...

Pengana partners with credit boutique

KANIKA SOOD  |  FRIDAY, 1 JUN 2018
... short-term mortgages, small business loans, invoice finance, equipment leases, consumer installment loans and customer point-of-sale finance. Pengana says its GCI stake will not affect it operationally. It will also not impact people holding investments ...

Chief economist update: Capex and credit and the trade war

BENJAMIN ONG  |  FRIDAY, 1 JUN 2018
Just when the threatening clouds of Quitaly and its negative repercussions on the whole of the Eurozone has dissipated, US President Donald Trump's trade protectionist policy in the name of American national security comes back to haunt. Not that ...

ANZ sells NZ life insurance business

ALEX BURKE  |  WEDNESDAY, 30 MAY 2018
... Life for NZ$700 million, which ANZ said represents a "slight premium to embedded value and is expected to generate a gain on sale of around NZ$50 million." This would, ANZ added, increase ANZ's overall level one and level two CET1 (common equity ...

Alternatives specialist boosts leadership

HARRISON WORLEY  |  TUESDAY, 29 MAY 2018
An alternative investments firm has added to its distribution capabilities and made four appointments to its small team. Brookvine is expanding as the firm experiences greater interest in its alternative and niche investment strategies. Former CQS head ...

ANZ dealer group chief departs

JAMIE WILLIAMSON  |  THURSDAY, 24 MAY 2018
... in July 2018. Millennium3 and Financial Services Partners were offloaded by ANZ Wealth in October 2017 as part of a wider sale to IOOF.