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Showing 3601 - 3610 of 7101 results for "June 2011"

AMP half year profit falls 3%

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
AMP has reported a net profit of $382 million for the half year to June 30, 2014, down 3% from the same period last year. Underlying profit was $510 million, compared with A$440 million for 1H 13, up 16% half on half. AMP wealth management net cash ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
Challenger is looking to raise a total of $530 million to inject further growth in its booming annuities business. The figure will be raised from a combination of a $250 million institutional share placement, a $30 million retail share placement and ...

Goldilocks is back in town

BENJAMIN ONG  |  WEDNESDAY, 20 AUG 2014
Toto, I've a feeling we're back in Goldilocksville. Now that the headlines have grown tired of counting and recounting of lives lost - and collateral damages - the US/EU-Russia tits-for-tats, the "humanitarian" trucks toing and froing through the Ukrainian ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Top Commonwealth Bank (CBA) executives should have frozen their salaries or even taken a pay cut while the compensation process for thousands of victims of poor financial advice remains ongoing, Greens Senator Peter Wish-Wilson said. "It is not a good ...

NAB quarterly profit up 7%

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
National Australia Bank (NAB) has lifted its cash profit 7% to $1.6 billion during the June quarter. The cash profit is up from $1.5 billion for the same period last year, while net profit -which includes one-off items- was of $1.7 billion, unchanged ...

SMSF wind up trend is not real: SuperGuardian

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Self-managed super fund (SMSF) administrator SuperGuardian has rebuked claims that SMSF trustees are increasingly winding up their funds. The provider argues that Australian Taxation Office (ATO) figures for the five years to June 30, 2013, show that ...

Fund managers: Tide turning in emerging markets

MARK SMITH  |  TUESDAY, 19 AUG 2014
AllianceBernstein and Van Eck Global have joined a growing chorus of fund managers who say the worst is over in emerging markets and now is looking like a good entry point for long-term investors. According to Rainmaker data, the MSCI Emerging Markets ...

China's communist and it works

BENJAMIN ONG  |  TUESDAY, 19 AUG 2014
"As we travel down the road, side by side we'll share the load Hand in hand we'll see each other through." -- Kenny Nolan, "Love's Grown Deep" Not long now, Super Mario Draghi must be beaming with excitement for his upcoming date with Janet Yellen this ...

Legg Mason wins $125m Mercer mandate

MARK SMITH  |  MONDAY, 18 AUG 2014
Global asset manager Legg Mason has been awarded a $125 milllion Australian small companies mandate by Mercer's multi-manager business, Mercer Investments. The company joins Mercer's stable of small company managers after a long period of analysis and ...

Giving through PAFs back to pre-crisis level

MARK SMITH  |  MONDAY, 18 AUG 2014
New donations into tax effective Private Ancillary Funds (PAFs), have risen 16% to $354 million in the year to 30 June, surpassing pre-crisis levels, according to the annual JBWere Giving Trends Report. The total number of PAFs is up 13.5% to 1,246 ...