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

Search Results

Showing 301 - 310 of 1050 results for "A Share"

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... funds, super fees came in at a total of $29.6 billion in 2019-20 - down 5% year on year. If we consider super assets as a share of gross domestic product, this converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

FSU wants CBA to up pay

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
... COVID-19, CBA managed to still pay a dividend of 98 cents per share fully franked, adding to an interim payment of $2 a share. FSU national secretary Julia Angrisano said that CBA should reflect on the efforts of its staff during the COVID-19 pandemic ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... global and emerging markets equities strategy managed by US-based WCM Investment Management. In addition, CIE has opened a share purchase plan in the hopes of raising $20 million. Shareholders can acquire up to $30,000 of shares at 62.5 cents per share. ...

Global manager launches China A-shares fund

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... Equity strategy (in USD), which delivered 11.5% p.a. over three years compared to benchmark's 2.2%. The carve out for A share contribution in this was even higher at 22.6% relative to benchmark's -1.4%. Ninety One head of institutional for Asia ...

BGH Capital closes in on theme park deal

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
... control by two terms of arrangement at up to $2.45 per share. Under Structure A, shareholders will be entitled to $2.20 a share, plus an additional 12 cents if the Movie World and Sea World are open for a period of five days before the proxy cut-off ...

OneVue to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
OneVue will file court proceedings against Taiping Trustees to assert its right to about $9.4 million sale proceeds of Madison Financial Group and Sequoia shares. The ASX-listed company said its preference is still to resolve the matter out of courts ...

First State Super, CEFC back new bond

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
BNP Paribas has issued a $140 million green bond linked to the newly launched Australian Climate Transition Index, subscribed by the Clean Energy Finance Corporation (CEFC) and First State Super. The Australian Climate Transition Index (also known as ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
There have been renewed calls from the country's major life insurers and adviser groups for a reset of the life insurance sector to allow for greater access. The Choice and Assess to Life Insurance (CALI) campaign, includes members from AIA, MLC ...