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Showing 221 - 230 of 2649 results for "Purchase"

Infratil buys Brookfield stake in telco business

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... deal has increased Infratil's ownership of the country's second biggest mobile market operator to 99.9%. It funded the purchase through a NZ$850 million equity raising. "Beyond One NZ, we continue to see exciting near-term opportunities for investment ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... sales are down almost 50% since the first increase in the cash rate in May 2022. "The number of loans issued for the purchase or construction of a new home has fallen to its lowest level since September 2008. Loans issued to first-home buyers have recently ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
... Queensland. Specifically, Steele advised the investors to invest their funds in EA Invest, the corporate entity that was to purchase and develop the property. Steele was a shadow director and the "controlling mind" of EA Invest. Steele then withdrew ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... actions, Vanguard inaccurately reported differences in the value of shares before and after the corporate action as a purchase or withdrawal instead of market appreciation or depreciation, which also calculated false investment returns. FINRA said it ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
Addressing the crowd at the International Congress of Actuaries 2023, Australian Retirement Trust (ART) strategist, asset and liability management Kathryn Spragg said the super system needs alternative measures to start looking at retirement products. ...

Fractional farmland investing platform launches

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
... Marketplace. Within the Marketplace, buyers can invest in the Australian agriculture industry without the capital needed to purchase an entire property. It gives investors the ability to buy or sell Bricklets, providing liquidity and a pathway to accumulate ...

Challenger real estate arm price tag drops

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... Group has dropped to $37.7 million after an institutional client announced it will not be part of the transaction. The purchase price of Australian real estate business (CRE) was originally agreed at $41.8 million and involved Challenger's Fidante ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
... advisers to deliver a tailored experience." Lumiant has been bolstering it's digital capabilities following its recent purchase of an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. ...