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Showing 11 - 20 of 6744 results for "Profit"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... and procured others to trade in Platinum shares before leaking details of the takeover to the media, making over $300,000 profit for himself, ASIC said. In line with its 2025 enforcement priorities, ASIC established a dedicated insider trading team in ...

Investors thrust into rules of the 'jungle': Economist

KARREN VERGARA  |  WEDNESDAY, 20 MAY 2026
... resilience. Another reason why markets are overlooking global tensions is companies continuing to generate profits. "The latest profit season in the US was incredibly strong. Earnings growth across the board was up more than 20% year on year before the ...

GQG reports nearly US$10 outflows, keeps FUM stable

KARREN VERGARA  |  TUESDAY, 12 MAY 2026
GQG Partners has stemmed a substantial US$9.9 billion in outflows offset by stellar investment performance to end April with US$166.9 billion in total assets. Year-to-date figures show the fund manager offsetting nearly US$10 billion in client money ...

Another private equity manager joins bidding war for oOh!media

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
oOh!media has received another unsolicited takeover bid, this time from I Squared Capital (ISQ) valuing the media firm at around $765 million, topping the previous bid from Pacific Equity Partners (PEP) which valued the firm at $747 million. The board ...

Macquarie Asset Management earnings soar to $2.6bn

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... soared to $2.6 billion largely driven by bumper performance fees charged on its private markets transactions. MAM's net profit jumped 27% in its full-year reporting period ending March thanks to private markets-managed funds, managed accounts and ...

Bell Financial looks to diversify revenue, targets 'holistic' strategy

RIDDHIMA TALWANI  |  FRIDAY, 8 MAY 2026
Bell Financial Group (BFG) said it will continue to diversify its revenue streams to transform into a broader and more holistic wealth manager to respond to the changing structural landscape of the Australian wealth industry. It reported unaudited net ...

Lead generation a 'conveyor belt of harm': Longo

RIDDHIMA TALWANI  |  THURSDAY, 7 MAY 2026
... E.R. - therefore we shouldn't let people who aren't qualified lure Australians into losing their life savings and turn a profit from it," Longo said. "After all, super is one of the biggest assets many of us accumulate in our lifetimes - the people talking ...

Navigator Global buys shares in 17 managers, enters partnership

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2026
Navigator Global Investments is acquiring a portfolio of interests in 17 alternative investment managers as part of a broader strategic partnership with Stable Asset Management. Navigator will pay $270 million for a portfolio of net revenue share interest ...

Pacific Equity Partners makes unsolicited bid for oOh!media

RIDDHIMA TALWANI  |  WEDNESDAY, 29 APR 2026
Pacific Equity Partners (PEP) has made an unsolicited takeover bid to acquire oOh!media for $1.40 per share. That is a premium of 64.7% from its last closing prices of $0.85 and values the media firm at around $747million. oOh!media provides outdoor ...