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Showing 271 - 280 of 1134 results for "Gross"

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... has about 100 advisers with $3 billion in funds under advice and total in-force insurance premiums of $65 million. Total gross revenue is about $34 million, according to Clime filings. Under the deal, Madison chief executive Annick Donat will join the ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... Morrison Securities and about $1 billion in funds under advice. In revenue terms, it translates to an additional $4 million of gross revenue and EBITDA of 400,000 in FY21, SEQ estimates. Sequoia will fund the transaction through existing cash reserves ...

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... economic recovery. "When wages grow, spending grows (so-called 'aggregate demand'), and so does the economy, as measured by gross domestic product," he said. "Nevertheless, the standard neoclassical growth model used by the treasury and Reserve Bank ...

Iress inks bond exchange partnership

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... researching, tracking and trading corporate bonds "as easy as trading shares". Iress managing director financial markets Kirsty Gross said the move was driven by user demand. "We're excited to have built a simpler, more efficient way to access the corporate ...

Equities attractive in search for yield: Zenith

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
Australian equities have not been immune to the effects of COVID-19, with company earnings taking a material hit, despite the equity market rallying from its lows in mid to late March, according to Zenith Investment Partners. Zenith said a flow on effect ...

Revenues lift 30% at Xero

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... loss for the full-year in 2019. Xero attributed the rise in net profit to ongoing growth in operating revenue, improved gross margins, and disciplined management of operating costs. Xero chief executive Steve Vamos said helping the firm's clients during ...

Emerging markets weather varied COVID-19 storms

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... world, emerging economies previously reliant on the benefits of globalisation, must rely on new innovative sources to expand gross domestic product. Initiatives to diversify supply chains will be accelerated on the other side of COVID-19, they argued ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... developed markets, investing in both equities and derivatives. Over the past year to March 2020, the fund returned -17.4% gross and -18.3% net. Since its inception, the fund netted an annual return of -5.9%. The Diversified Alpha strategy returned -3.7% ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... annual cash rate well below 1%. "This means that even $1 trillion of extra spending (more than one half of Australia's annual gross domestic product) would carry a price tag of $10 billion a year or about $400 per person," Holden and Morley said. "As ...