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Showing 251 - 260 of 376 results for "divestment"

ANZ compensation bill hits earnings

KARREN VERGARA  |  MONDAY, 8 OCT 2018
ANZ will take a massive $374 million hit to its profit thanks to its customer remediation programs. The bank will recognise the losses in 2H18 for refunds owed to customers. It also factored in legal costs associated with the Royal Commission of $55 ...

AMP Capital divests $440m from tobacco

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
AMP Capital has has completed its divestment of $440 million in tobacco manufacturing-related holdings from across all its equity and fixed income investments. This is the largest divestment tobacco securities by a fund manager in Australia, the manager ...

OneVue posts solid earnings, fund services stands out

KANIKA SOOD  |  MONDAY, 27 AUG 2018
OneVue posted $49 million in revenue in FY18, up 20% on the previous year, as its managed funds administration service delivered a standout year. The managed fund administration business alone delivered $2.2 million of the year's total revenue growth ...

Global equities fund purges tobacco, fossil fuels

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... in Vontobel's $298 million global equity fund are institutional investors. The manager did not confirm when the divestment would be completed.

TAL acquires Suncorp Life

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
... follows a strategic review which considered a number of options including additional reinsurance, partnerships and divestment. Suncorp chief executive and managing director Michael Cameron said the sale was the superior option, adding that it will simplify ...

Vicinity Centres partners for $1bn wholesale property fund

KANIKA SOOD  |  MONDAY, 6 AUG 2018
... securities," Kelley said. In June 2018, Vicinity offloaded $1 billion worth of assets, taking this year's total divestment to $2 billion.

Fossil fuelled Ireland to divest for climate change

JAMIE WILLIAMSON  |  MONDAY, 16 JUL 2018
... and peat held via its $14 billion sovereign development fund, the Ireland Strategic Investment Fund. The Fossil Fuel Divestment Bill will now progress to the Seanad - upper chamber - in the coming months and, if passed, will compel the government to ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... businesses for $3.8 billion. In early May, NAB announced to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients ...

$26 billion real estate group shuffles portfolio

KANIKA SOOD  |  TUESDAY, 5 JUN 2018
Vicinity Centres is offloading about $1 billion of sub-regional and neighbourhood shopping centres, with a view to reinvest in opportunities that create better value for security holders. The recent portfolio reshuffle builds on the ASX-listed real ...

ANZ appoints two senior executives

KANIKA SOOD  |  THURSDAY, 10 MAY 2018
ANZ has chosen the top executive from its wealth division to serve as the bank's deputy chief executive. It is one of two senior appointments announced yesterday. Both positions became open after ANZ's deputy chief executive Graham Hodges announced ...