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Showing 221 - 230 of 846 results for "Buyer"

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
... Investment Fund (PIF) has withdrawn its £300 million takeover of English Premier League team Newcastle United Football Club. The buyer consortium also included PCP Capital Partners and Reuben Brothers and would have taken an 80% stake in the football ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

Land tax, not stamp duty: Report

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
A draft report into reforming GST and reducing inefficient taxes has reignited calls for the scrapping of stamp duty when buying or selling a home, to be replaced by a broad-based land tax. The NSW Review of Federal Financial Relations draft report ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton, urging him ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
Victorian supermarkets - Woolworths and Coles - have re-introduced buying limits in their stores as hoarders and panic-buyers returned, raiding shelves of toilet paper, paper towel, hand sanitiser, rice, pasta, flour, sugar and the like following reports ...

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
The buyers of Sargon's operating businesses have announced its new executive and board lineup and will rebrand it to Certes Corporation, leaving behind the Sargon brand. Former PEXA chief Marcus Price will move into the role of group chief executive ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline to find a new buyer for its intellectual property or business operations. If a suitable acquirer doesn't emerge within the set period, the Flamingo ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... downside risk as we know that during downturns the government is supportive of this sector, especially in the first home buyer market segment," Pham said. The REIT space is in a far better position than it was during the Global Financial Crisis, Pham ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... before, advisers find their livelihoods in a strangle hold by big business. He points to platforms turning off fees and AMP's Buyer of Last Resort changes as examples of this and, he added, the Royal Commission's focus on advisers and licensees ignored ...