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

Search Results

Showing 221 - 230 of 364 results for "divestment"

CountPlus acquires stake in advice firm

KARREN VERGARA  |  TUESDAY, 30 APR 2019
... wealth management firms. The remaining asset in PWM is a 40% stake in Rundles Financial Planning. This completes the divestment of Prime's minority equity interests in accounting firms. It will now focus on accounting and business advisory, and wealth ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... and globally." When asked to clarify what kind of action HESTA hopes to see from social media companies given that divestment is not presently an option, a spokesperson for the super fund said: "Our objective is to get Facebook, Twitter and Alphabet ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... example of investors muscling in to influence corporate behaviour. He also pointed to Milford Asset Management's divestment of its NZ$14 million shareholding in Facebook. O'Connor said this is an example of how seriously investors are thinking ...

Australian Ethical mulls Facebook divestment

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Australian Ethical is assessing its investments in Facebook after the social media giant allowed the recent mass shootings in Christchurch to be live streamed. Australian Ethical told Financial Standard it currently holds about $8 million in Facebook ...

Influential women in private equity

KANIKA SOOD  |  FRIDAY, 8 MAR 2019
... 2010. She is now involved in the management of new and existing private equity products, scouring for investment and divestment opportunities. Han joined the team in 2019 with responsibility for researching, identifying and executing private equity opportunities. ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... account action against IOOF in December 2018. Mota told shareholders that ANZ is still working through details of the divestment in the interest of members before if fully transfers the P&I business to IOOF. From FY20, IOOF will incur $20-30 million ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
The bank's separation from MLC is likely to be delayed. NAB said it was likely the planned divestment of its wealth management arm MLC would be delayed as far as June 2020. The bank said that while more detail was yet to arrive about the proposed legislative ...

Australian Ethical divests IOOF

KARREN VERGARA  |  FRIDAY, 18 JAN 2019
... prompted Australian Ethical to divest from the financial services firm in May 2018. How did IOOF compare with the AMP divestment ? Stuart said the decision for AMP was based on "unrefuted facts" aired during the Royal Commission, while IOOF has disputed ...

MLC Centre goes on the market

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... profile of the MLC Centre has been boosted by food court upgrades and a re-leasing program within the office tower. The divestment would see GPT's Sydney office exposure drop by 5% to 60% while its weighting to Melbourne would grow from 30% to 34%. Considered ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
... million payable in 12 months. The transaction is due to finalise in early in 2019. OneVue said the sale completes its divestment program that was focused on the platform services and fund services operations, comprising managed fund administration and ...