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Showing 291 - 300 of 927 results for "half-year"

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 7 OCT 2016
Australia trade balance Australia's trade deficit narrowed by 5.0% to A$2.01 billion in August from A$2.12 billion in July (revised from A$2.41 billion), Australian Bureau of Statistics (ABS) data show. This is better than market expectations for a ...

IOOF upgrades Pursuit functionality

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
IOOF has introduced a new automatic re-weighting function to its Pursuit platform. The new feature, available through Pursuit's Portfolio Online portal, allows advisers to choose between re-weighting client's portfolios to a desired percentage or to ...

ASIC bans fraudulent adviser

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
ASIC permanently banned a financial adviser after he was sentenced and imprisoned for fraud charges. Sandeep Madhoji is permanently banned from providing financial services or engaging in credit activity following the successful prosecution of the Queensland ...

Alpha-beta split allows better asset allocation

DARREN SNYDER  |  THURSDAY, 8 SEP 2016
One of Australia's largest superannuation funds says it has strategically split its investment portfolio between alpha and beta to better monitor performance and asset allocation. Although not a new concept, First State Super has moved to an alpha and ...

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
... large clients, deliver exceptional client service and launch new features concurrently. "We have recorded our first half year of positive EBITDA and have delivered positive monthly profit before tax for both June and July 2016. These significant milestones ...

ASIC bans former Macquarie advisers

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
ASIC has banned two former Macquarie advisers from providing financial services. Anthony Jason Sourris and Sarah Kate Gardner have been banned for two and a half years and one year respectively after ASIC found they were both involved in, and lied to ...

Super reform fears hit AMP earnings

JAMIE WILLIAMSON  |  THURSDAY, 18 AUG 2016
... improve capital efficiency and reduce volatility." Overall, however, AMP reported a net profit of $523 million for the half year, up 3 per cent from $507 million. This was largely driven by AMP Capital recording a 15 per cent increase in operating earnings ...

Bell FG delivers flat HY profit

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
Bell Financial Group has delivered a half year net profit of $5.7 million, the same profit the group delivered in 1H 2015. Revenue was up by 2% in 1HY 2016 to $84.7 million, slightly higher than the $83 million recorded in 1H 2015. The group has declared ...

ASIC hands down multiple bans

KERRIE SYDEE  |  WEDNESDAY, 27 JUL 2016
ASIC has permanently banned one adviser and handed temporary bans to two others, one of which was formerly employed by Australian and New Zealand Banking Group (ANZ). Craig Miller, formerly of Malanda in North Queensland, was employed by ANZ as a financial ...

Economic Wrap

ALEX DUNNIN  |  WEDNESDAY, 27 JUL 2016
Inflation crashes to 1pct The Consumer Price Index (CPI) rose 0.4% in the June quarter 2016, according to the latest Australian Bureau of Statistics (ABS) figures. This follows a fall of 0.2% in the March quarter 2016. Annual inflation is now just 1.0% ...