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Showing 241 - 250 of 2013 results for "BID"

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

Australia a "most exciting place" for GQG: Barker

CHLOE WALKER  |  THURSDAY, 3 AUG 2023
... This, for me, is one of the most exciting places that we're in business," Barker said. GQG recently announced its plans to bid for Pacific Current Group, rivalled by Regal Funds Management.

Regal chases Pacific Current Group, GQG plans bid

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... demand for high-performing, uncorrelated alternative investment strategies. However, GQG has also announced it is working on a bid for PAC, which backed GQG in its infancy. "We believe we can put forward both a compelling proposal to PAC shareholders ...

Marriage splits for Australia's richest

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
In the span of a week, two of Australia's richest couples called it quits, resulting in a considerable loss of individual wealth. Australia's richest couple, Andrew (Twiggy) Forrest and his wife Nicola separated after 31 years of marriage but said the ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
Insignia Financial has divested its investment bonds business for $40 million to Australian Unity in a bid to pay off debt. Australian Unity's subsidiary Lifeplan Friendly Society will take over Insignia's investment bond business, which operates ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... notably Openmarkets' failure to respond to suspicious trading activities by a client. The client had placed identical bid and ask orders on the same security at the same price, potentially creating a false impression of active trading. Subsequently ...

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... invests in Commonwealth Fusion Systems, which produces commercialised fusion energy and combines it with magnet technology, in a bid to provide a new source of clean energy. "This is a tangible, quality, impactful investment opportunity which we can ...

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... head of total portfolio management and head of asset allocation Stewart Tan has resulted in promising early outcomes. In a bid to generate alpha, Cbus is seeking to broaden its dynamic asset allocation process by building upon existing strategies while ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... of the many businesses Atkins operated that are now in liquidation. The Magnolia Equities III Fund made a failed takeover bid of ASX-listed The Agency Group (AU1) in December 2020. Atkins faces a final hearing at the Federal Court on August 11. In the ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
At the Financial Standard Technical Services Forum, Betashares associate director Gavin Montgomery explored the unsung structural aspects of ETFs. It's no secret ETFs have experienced growing popularity, especially among financial advisers. The ...