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Showing 201 - 210 of 2013 results for "BID"

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... However, Mayfair 101 has seen some small wins recently. In November 2023 ASIC was ordered to pay Mawhinney's costs in its bid to bring an expanded case against him which was rejected by the Federal Court a month earlier. The Federal Court will re-hear ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
ASIC has prolonged its product intervention orders for short-term and continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until ...

Treasury to refresh financial adviser exam

KARREN VERGARA  |  MONDAY, 18 DEC 2023
The financial adviser exam is due for some changes as Treasury bids to make it more flexible. The consultation, which is open until 10 January 2024, is proposing several changes under the Corporations (Relevant Providers-Education and Training Standards) ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
ASIC commenced civil penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest. The case will also look at Blumenthal's ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... failed in their takeover of Link in recent years. Following a years' long courtship, Ontario-based Dye & Durham's bid to acquire Link for $2.9 billion collapsed in September 2022. In 2021, Carlyle Asia Partners offered to acquire 100% of Link ...

Soul Patts raises stake in Perpetual

CHLOE WALKER  |  WEDNESDAY, 13 DEC 2023
After its bid to acquire Perpetual was rejected, Washington H. Soul Pattinson (WHSP) has increased its ownership in the fund manager to 11.6%, according to a filing made yesterday. Last week, Perpetual rejected WHSP's $3 billion acquisition offer, saying ...

Fahour takes top job at Gurner Group

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
... billion Melbourne Square precinct. In June, GQ expanded its pipeline to 3650 apartments in both Melbourne and Brisbane, in a bid to deliver "much needed apartment stock" to the market.

Perpetual rebuffs Soul Pattinson takeover offer

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson, saying that it "materially undervalues" the company's Corporate Trust and Wealth Management divisions. Soul Pattinson, currently Perpetual's largest shareholder ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... Rule 6.1.1 as, between 1 January 2021 and 11 October 2022, the BLX crossing system was incorrectly referencing the ASX best bid and offer, rather than the National Best Bid and Offer (NBBO). During this period, 3093 trades - valued at about $13.5 million ...

Private markets make concrete inroads with advisers

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2023
... funds, which have progressively moved from zero to 30% allocations to global private markets over the last 20 years. In a bid to temper the volatile macroeconomic environment and capital markets, many financial advisers seek better risk-adjusted returns ...