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

Search Results

Showing 2411 - 2420 of 4774 results for "July 8"

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
ASIC has published its Corporate Plan for 2016-17, which notes the industry still faces challenges in providing "good quality" financial advice. The Corporate Plan outlines ASIC's vision to "allow markets to fund the economy, and in turn, economic growth. ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 2 SEP 2016
Australia capex The Australian Bureau of Statistics' (ABS) report on business investment shows actual private new capital expenditure drop by 5.4% in the June quarter following a similar 5.4% decline in the three months to period and worse than market ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 1 SEP 2016
Australia private sector credit Total private sector credit increased by 0.4% in July - in line with market expectations - following a 0.2% gain in the previous month. Credit to housing and to business went up by 0.5% and 0.3%, respectively while personal ...

Inflows and performance boost Australian Ethical profits

MARK SMITH  |  WEDNESDAY, 31 AUG 2016
Australian Ethical has extended its run of strong financial performance, raising net after tax profits 53% to $3 million in the 12 months to 30 June. The rise in profits was driven by net inflows of $319 million, up 78% on last year. Group funds under ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 31 AUG 2016
... gain. The latest tally takes the year-on-year change in industrial production down from minus 1.5% in June to minus 3.8% in July - the fastest rate since January this year and the eight straight month of decline. UK consumer confidence The Brits appear ...

ACBC launches additional XTB model portfolios

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2016
Exchange traded bond provider Australian Corporate Bond Company (ACBC) has launched two additional model portfolios. The new Concentrated High-Yield Model Portfolio continues the philosophy of the High Yield Model Portfolio which was launched last month ...

Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
Life and general insurers face the risk of higher asset charges if a sovereign downgrade occurs, according to senior portfolio manager- fixed income at Nikko Asset Management, Darren Langer. In July Standard and Poor's Global Ratings (S&P) revised the ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 30 AUG 2016
... two years - in July, more than reversing the previous month's 8.2% increase. Sales of detached homes declined by 7.4% in July (after rising by 7.2% in June) while sales of apartments, townhouses and units dropped by 17.3% in July following increases ...

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
HUB24's retail funds under administration (FUA) grew by 94% to $3.31 billion in FY16, with the company recording a gross profit of $10.9 million, up 125%. HUB24 recorded total FUA of $3.78 billion at 30 June 2016, comprising retail FUA $3.31bn, new ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 26 AUG 2016
... wholesale firms conducted by the Confederation of British Industry (CBI) is anything to go by, the rise in retail spending in July - up 1.4% month on month - should persist over the coming months. The CBI Distributive Trades Survey - a leading indicator ...