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Showing 301 - 310 of 2013 results for "BID"

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... and that some are seeking to offer high-risk products or services that may be inappropriate or result in poor outcomes in a bid to broaden their revenue base as market conditions impact investor activity. This includes crypto-assets and potentially misleading ...

Perpetual to acquire Pendal

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2022
... Pendal's board has unanimously recommended its shareholders vote in favour of the scheme in the absence of a superior bid. "Pendal's board is pleased with the improved proposal received from Perpetual, which is the result of extensive engagement ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
US inflation has eased to 8.5% from its historic 40-year peak of 9.1%, recorded in June. The drop beat market expectations of 8.7% and comes as a welcome relief for the Biden government. The reason for the fall is a slowdown in rising energy prices. ...

Macquarie Asset Management buys Veolia waste business

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... interest, tax, depreciation and amortisation was "significantly higher than the acquisition price resulting from the takeover bid" Veolia made in May last year. Veolia chief executive Estelle Brachlianoff says she is "very satisfied" with the transaction. ...

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
The US Senate has passed the Democrats' $1.07 trillion bill which aims to tackle inflation by lowering the deficit and everyday expenses for working families. Following the Senate Passage of the Inflation Reduction Act, President Joe Biden said: "I ...

Class bolsters leadership with new general managers

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
The cloud-based wealth accounting platform has added four new general managers to its leadership team, while also bidding farewell to its long serving chief solutions officer. The appointments of Gary Cox, Jo Hurley, Tracy Williams, and Tom Sargent ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
The US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

IFM calls off Atlas Arteria takeover bid

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
IFM Investor's Global Infrastructure Fund (IFM GIF) has ceased its discussions with Atlas Arteria after becoming a substantial shareholder in the toll road operator just last month. On June 8, IFM GIF and associates disclosed the acquisition of a combined ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
Australia's annual CPI inflation grew to 6.1% in the June quarter, slightly below the consensus forecast of 6.3%. Consumer prices rose 1.8% this quarter, again less than the 1.9% forecast. "Annual CPI inflation increased 6.1% in the June quarter ...

Aliro Group withdraws AOF bid

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
... and requesting two subsequent extensions to the exclusive due diligence period, Aliro Group will no longer provide a revised bid. It comes as independent valuations shave $37.25 million off the portfolio's value. Aliro Group first made a bid for the ...