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Showing 221 - 230 of 1305 results for "Surprise"

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
The Australian economy fell 7% in the June quarter, spelling two consecutive quarters of economic contraction, officially marking the nation's first recession since 1991. The release of national accounts confirmed the Australian economy has experienced ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
... 3-year Australian Government bonds at 25 basis points - at its September meeting, as expected. What came as a bit of a surprise was the RBA board's decision to increase and extend its Term Funding Facility. "Under the expanded Term Funding Facility ...

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
Australian private new capital expenditure (capex) usually commands attention before and during its release for it provides an indication of domestic firms' optimism towards future growth as well as, itself, being a driving component of that growth. ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
Most people expected dividends to fall by 30% this year, but company payouts this earnings season have been decent, says Ausbil. Ausbil's Michael Price, who manages its active dividend income fund, said in general, the firm has been pleasantly surprised ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... did not access their super. "Our view is that we always hold a certain amount of cash, so we're liquid, but ERS was a surprise policy decision and the impact COVID-19 would have on different industries and sectors was initially unknown," Doyle said. ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
With the much-awaited final report expected to be handed down today, all eyes are on its findings. Here's what Rice Warner and Grattan Institute are expecting from it. A draft of the report was not circulated for stakeholder comment and the review ...

Opportunities in EM debt rebound: Eaton Vance

ALLY SELBY  |  TUESDAY, 21 JUL 2020
Despite the dramatic rebound experienced in financial markets during the second quarter, Eaton Vance believes there are still pockets of opportunity in the emerging market sector. Buoyed by central bank and governmental policy responses around the world ...

Iress executive moves to non-executive roles

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
... skills and knowledge within Iress." The software and services provider for financial services firms, on June 1, made a surprise bid to acquire all shares in ASX-listed OneVue for 40 cents a share in cash, which would value the company at about $107 million. ...

Model portfolio growth up 70%

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... Rainmaker executive director of research, Alex Dunnin. "Of the 1003 unique models, 12% are ETF or indexed based, but the big surprise is that only 2% have been identified as being explicitly ESG (environmental, social and governance) based. "We should ...