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

Search Results

Showing 241 - 250 of 2125 results for "Financial Year"

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... of these areas," Malone said. Raiz shuttered its operations in Indonesia, Vietnam, and Thailand during the last financial year. The divestment of the Indonesian business finalised during the period, while the others are to complete in FY25. The Australian ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... criteria: consolidated revenue exceeding $500 million, consolidated gross assets values over $1 billion at the end of a financial year, or more than 500 employees. These requirements will take effect from 1 January 2025. "These critical reforms provide ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration of AET, which ...

Centrepoint profit jumps, grows advisers

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... adviser recruitment with 549 authorised representatives at the end of June, an increase of 38 since the start of this financial year," it said. "In contrast, many other licensee companies continue to see attrition of financial advisers. "Of the top 10 ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... $1.8 billion in value. The devaluations led to a whopping $1.6 billion statutory net loss after tax for the 2024 financial year, following a net loss of $752.7 million in the prior corresponding period. Dexus has a total of $54.5 billion in funds undermanagement ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
Lendlease's financial woes deepened in the 2024 financial year, making a $1.5 billion loss amid overhauling its operations. The ASX-listed firm's losses ballooned from $232 million in FY23 despite reporting 15% growth in EBITDA to $809 million ...

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... Partners' funds under management (FUM) has climbed to a record US$155.6 billion, marking a 49.5% increase over the last financial year, driven by strong net inflows and global equity market gains. The fund manager reported net flows of US$11.1 billion ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
The ASX earned record revenue of $1.03 billion in the 2024 financial year despite a volatile period for equity markets and lower capital raising. Total revenue grew 2.4% from the prior corresponding period, largely driven by the exchange's markets ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... fund. The member started with an opening balance of $10,000 and had a closing balance of $15,000 at the end of the financial year. The employer contributed $5000. The super fund's balanced option earned 8% in the last financial year. The member questioned ...