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Showing 3041 - 3050 of 7106 results for "June 2023"

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
Life insurers recorded a net profit after tax of $2.9 billion last financial year, up 5.7% on the previous 12 months and despite a 36.1% drop in total revenue. Releasing its quarterly life insurance performance statistics yesterday, the Australian Prudential ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 17 AUG 2016
Australia sales of new motor vehicles Total new car sales decreased by 1.3% to 98,062 units in July following a 3.5% increase in the previous month driven by a 5.2% drop in passenger vehicles that negated increases in sales of sports utility vehicles ...

Class ups its SMSF stake

DARREN SNYDER  |  TUESDAY, 16 AUG 2016
ASX-listed SMSF administration software provider Class recorded 45% revenue growth during the 2016 financial year, increasing its estimated share of the SMSF market to about 19.2%. Class' net profit after tax was $5.2 million, up 53%. This would have ...

Hunter Hall director steps down

MARK SMITH  |  TUESDAY, 16 AUG 2016
A 16-year veteran non-executive director of Hunter Hall International is to resign from the business. Mark Forstmann, who joined the firm in 2000, will step down from his role as a non-executive director of Hunter Hall International and its subsidiary ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 16 AUG 2016
Empire State manufacturing survey Factory activity in the New York region softened in August with the Empire State manufacturing index falling to a reading of minus 4.21 in the month from 0.6 in the previous month and expectations for a 2.5 print. While ...

Antipodes LIC aims to raise $200m

MARK SMITH  |  MONDAY, 15 AUG 2016
Sydney-based international equities boutique Antipodes Partners has launched its first listed investment company (LIC) to Australian and New Zealand investors. Antipodes Global Investment Company Limited (ASX: APL), which has a 'Recommended' rating ...

Sell everything (again?)

BENJAMIN ONG  |  MONDAY, 15 AUG 2016
In a week punctuated by disappointing key stats from the world's major economies, something strange in our neighbourhood happened... Wall Street produced a trifecta. The Dow, the S&P 500 and the Nasdaq all closed at record highs on the 11th of August ...

Hunter Hall delivers profit boost

ALEX BURKE  |  FRIDAY, 12 AUG 2016
Hunter Hall delivered an 86.8% boost in statutory after-tax profit to $7.8 million in the year to 30 June 2016. This was driven by major gains in investment income and performance fees - even if funds under management only increased slightly by 1.9% ...

Macquarie Wrap adds global equity fund

ALEX BURKE  |  FRIDAY, 12 AUG 2016
Macquarie has added a global equity fund to its wrap platform. Wingate Asset Management's Wingate Global Equity Fund - Wholesale Units will now be available to investors on the Macquarie Wrap, and is designed to give exposure to global markets while ...

Investment manager announces takeover offer

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
Mercantile Investment Company subsidiary, Mercantile OFM, is working through a proposed takeover of shipping services firm Richfield International. Mercantile, an investment manager principally investing directly and through controlled entities in securities ...