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

Search Results

Showing 11 - 20 of 100+ results for "PES"

Link scraps European acquisition

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... European acquisition and is forging ahead with the sale of PEXA. Link scrapped its takeover bid of Pepper European Servicing (PES), offering $266 million for the loan servicing, advisory and asset management firm operating in the UK and Ireland, and ...

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
It's quite a delicate balance - akin to the "will it, won't it" speculations on Fed policy decisions BC (before COVID) - but it appears that the dying days of 2020 swing between optimism and pessimism depending on which side of the bed financial ...

The hits you don't see hurt the most: Aviva

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
A survey of institutional investors representing over €2 trillion in assets under management, conducted by Aviva Investors, demonstrated that COVID-19's blows to real assets have left pension funds wary. Less than half of insurance companies (49%) ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
"If not for you Babe, I couldn't even find the door I couldn't even see the floor I'd be sad and blue If not for you" - Olivia Newton-John Yes Olivia, it's the Budget. There might be precious few worrying about the implications of the ...

ISPT writes down assets

JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
Industry Super Property Trust has spoken of the substantial devaluations a recent review of its holdings resulted in, as it processes about 1400 requests for rental relief. Appearing before the House of Representatives Standing Committee on Economics ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
Just in time for the Southern Hemisphere spring season, latest surveys showed both business and consumer confidence in Australia springing back up. The NAB business confidence index improved to a reading of -8 points in August from -14 in the previous ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... expect a strong earnings recovery in FY22E (e.g. 30% growth) as the operating conditions improve and LNK benefit from the PES acquisition," they said. "We can also see a pathway for Link to de-gear without raising equity." Since the wrap-up of the August ...

Chief economist update: V in US recovery at risk

BENJAMIN ONG  |  MONDAY, 7 SEP 2020
The US labour market continues to get betterer and betterer. The US Bureau of Labor Statistics (BLS) reported that total non-farm payrolls rose by 1.37 million in August - in line with market expectations and marked the fourth straight month of increase ...

COVID-19 dampens CFO outlook

KARREN VERGARA  |  MONDAY, 24 AUG 2020
The global pandemic has left the majority of chief financial officers feeling pessimistic about the financial profitability of their companies, a new Deloitte survey finds. But many see a silver lining amid the doom and gloom. More than half (58%) of ...