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Showing 2941 - 2950 of 6679 results for "Sale"

The importance of Asian trade agreements

GREG O'NEILL, PRESIDENT AND CHIEF EXECUTIVE, LA TROBE  |  MONDAY, 9 NOV 2015

Banks face wealth management challenges

DARREN SNYDER  |  TUESDAY, 3 NOV 2015
The big four banks' wealth businesses benefitted from a lower Australian dollar and a strong performance in investment markets for most of the year but generating acceptable return on equity (ROE) remains a challenge. Presenting EY's analysis of Australian ...

Life Insurance Framework fear fading

ALEX BURKE  |  TUESDAY, 3 NOV 2015
The overwhelming majority of advisers are "glad" rather than "mad, sad or scared" about the looming Life Insurance Framework, according to Association of Financial Advisers chief executive Brad Fox. Despite continued uncertainty regarding specific LIF ...

Westpac profit boosted by BTIM sale

ALEX BURKE  |  MONDAY, 2 NOV 2015
Westpac increased net profit by 6% to $8 billion over FY2015, driven largely by its partial sale of BT Investment Management. In its full-year results, the bank reported "a number of significant infrequent items that in aggregate increased net profit" ...

Rusting still

BENJAMIN ONG  |  MONDAY, 2 NOV 2015
Iron ore prices have tried to get back up twice this year, only to be knocked back down each time. After dropping to a 10-year low of US$46.70 a tonne back in April this year, the price of iron ore rallied by 40% to US$65.40 a tonne by mid-June only ...

Zurich cleans up at Plan For Life awards

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Zurich has won in three categories at Plan For Life's 2015 Direct Life Insurance awards. Aside from the overall Direct Life Insurance Excellence Award, Zurich also picked up the Term Life and Customer Service for Life Companies awards. Held in Sydney ...

MLC insurance sale to cost NAB $1.5bn

LAURA MILLAN  |  THURSDAY, 29 OCT 2015
... on the business' net asset value (NAV) of $3.6 billion - including goodwill of $1.6 billion - on deconsolidation for the sale of the insurance business and after allowing for transaction costs. The actual loss will depend on the level of earnings between ...

Administrator buys Asia-Pacific hedge fund business

DARREN SNYDER  |  WEDNESDAY, 28 OCT 2015
... technology have been redeployed into our business, providing service continuity to clients and their investors," Smith said. The sale to FundBPO marks Alter Domus' exit from hedge fund administration in Asia. The two companies have not historically competed ...

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
National Australia Bank (NAB) has sold 80% of its MLC life insurance business to Japanese insurer Nippon Life for $2.4 billion. NAB will retain ownership of its superannuation, platforms, advice and asset management businesses. It will also retain the ...

Australian politics spooks foreign infra investors

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
Australia's volatile politics are spooking foreign institutional investors, who are interested on increasing their exposure to infrastructure, but have a negative feeling about the current context. A survey of major global and Australian investors by ...