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

Search Results

Showing 2381 - 2390 of 28255 results for "NOT"

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... data distribution, royalties, and growth in customer connections at the Australian Liquidity Centre (ALC). The exchange did not provision for the legal proceedings ASIC brought against it on August 13 post-reporting period. ASIC alleged the ASX breached ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... beauty treatments, hotels, and resorts. Investor funds were also used to buy a clothing business. "... Drive Planning did not have any legitimate profitable enterprise capable of generating the sums necessary to pay the promised 10% returns every three ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... education from advisers, in line with growing client interest: the opportunities, risks and product structures are generally not as well understood as with listed assets. It's crucial that advisers understand the role these sub-asset classes play in ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... questioned why a super fund is allowed to tell members invested in the balanced option they earned 8%, when, evidently, she did not earn 8% and that her account balance appears to be "going backwards". "[The member] could not reconcile her pay slip super ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... at more than a two-decade high, there's no room for hesitation. A 25 basis point cut might signal a shift, but it's not the aggressive action needed to stave off a potentially devastating landing," Green said. "The case for a bold 50 basis point ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... ASIC claims those representations were misleading and deceptive because, at the time of the announcements, the project was not tracking to plan and ASX did not have any reasonable basis to imply the project was on track to meet future milestones. "ASX's ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... Super and Verve, are supporting the campaign, which is spearheaded by fintech trading platform, SIX. SIX has teamed up with not-for-profit group Alliance for Gambling Reform (AGR) to put pressure on Seven West and Nine executives to ban gambling ads. ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Bravura Solutions returned to profit in the 2024 financial year following a "difficult year" but flags it is not done with its cost-cutting strategies. The ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of ...