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

Search Results

Showing 291 - 300 of 6744 results for "Profit"

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
The Federal Court has found that collapsed contracts for difference (CFD) issuer, Union Standard International Group (USG) and two of its former corporate authorised representatives, BrightAU Capital (trading as TradeFred) and Maxi EFX Global AU (trading ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... Agrement to proceed with a successor fund transfer and appointing key leadership roles. The merger will create a combined profit-to-member fund with more than $60 billion in funds under management and over 225,000 members. Equip Super will be the go ...

PE firm acquires Mason Stevens

KARREN VERGARA  |  THURSDAY, 19 DEC 2024
A $2 billion private equity firm will acquire Mason Stevens for an undisclosed figure. Adamantem Capital has signed a binding agreement to acquire the managed accounts specialist. Mason Stevens chief executive Tim Yule said the transaction will deliver ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... year, its recently published annual report shows. The New South Wales investment manager boasted $139.8 million in net profit, which was up 8.3% year on year. It will return $130 million of this to the New South Wales government. TCorp chief executive ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
AMP has dared to go where no super fund has gone, taking the plunge with a "modest allocation" to Bitcoin, even as other industry heavyweights stand resolute in their rejection of the digital asset. Last week, AMP senior portfolio manager Steve Flegg ...

Betashares terminates nine funds

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
Betashares has pulled the plug on a range of funds because of low investor uptake. The ETF provider announced last week that it will be axing its Online Retail and E-Commerce ETF (IBUY), Digital Health and Telemedicine ETF (EDOC), Future of Payments ...

Australia home to 43 billionaires: UBS

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... investing to make an impact," he said. "Recently, that's materialised through a strategic hire to head up our not-for-profit coverage - another sector of rapid growth locally where the size of mandate opportunities have grown from $10m to over $100m." ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
... Airlines, which it acquired out of bankruptcy. The trio paid US$66 million for the airline, which ended up turning a 10x profit and merged with United Airlines in 2012. TPG listed on the NASDAQ in January 2022 and now has about US$240 billion in assets ...

Iress reinstates dividends

ELIZA BAVIN  |  FRIDAY, 13 DEC 2024
... and asset base, refocus on core businesses, and manage non-strategic businesses for value. Iress posted a statutory net profit after tax (NPAT) of $17.3 million for 1H24 compared to a $139.8 million loss in the prior corresponding period.

Eyes on gaming, Chinese tech in 2025: Orbis

MATTHEW WAI  |  WEDNESDAY, 11 DEC 2024
Orbis Investment is feeling good about its investment in Japanese video game giant Nintendo, believing it's about to defy its historic 'boom-bust' cycle. Speaking to Financial Standard, Orbis Investment head of clients, Australia Eric Marais ...