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

Search Results

Showing 2961 - 2970 of 10361 results for "Close"

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... sheet to chase future opportunities. The insto offer is priced at $55.20 per share which is a 6% discount to Monday's close. MFG will issue 4.98 million new ordinary shares, which represents 2.7% of Magellan's expanded issued capital. The bookbuilding ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... fails to acknowledge the fact that the MySuper product minimises volatile returns for a large cohort of members who are close to retirement. Adopting a conservative approach, Robertson explains, aims to protect these members' balances, meaning the ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... buy-backs as it is not carried out in the ordinary course of trading. According to ASIC, Finclear realised its error after the close of trading day, informed the regulator, and cancelled the special crossing. The shares were trading on a cum-dividend ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
The Tasmanian Treasury will soon start the search for an insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme ...

Why do we need royal commissions, Hayne asks

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
In his first public speech since the Royal Commission's final report in February, Kenneth Hayne mulled why Australians are calling for more royal commissions and what it says about our democracy. "The increasingly frequent calls for Royal Commissions ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... chopping. Given the low level of interest rates in most economies, and with inflation still positive, real interest rates are close to or already negative. This means that central banks are again virtually giving money away to anyone who wants to borrow. ...

AustralianSuper eyes $1.48bn in Indian infrastructure

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... private institutions from around the world. AustralianSuper and the Canadian pension fund's investment is in the third close of NIIF's master fund whose other investors are the Indian government, Abu Dhabi Investment Authority (ADIA), Temasek ...

Nikko insto sales lead joins $53bn manager

HARRISON WORLEY  |  WEDNESDAY, 7 AUG 2019
A $53 billion global asset manager will welcome Nikko Asset Management's head of Australian distribution to lead its new local office. Eddy Schipper will join Epoch Investment Partners as managing director, in a newly created role encompassing client ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...

IPIF names investment lead, launches capital raise

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... respond to recent high levels of investor demand for access to this attractive asset class." The capital raise is expected to close by mid-September. IPIF said interest in the IPIF Core fund has been particularly strong from high net worth individuals ...