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Showing 3871 - 3880 of 21764 results for "Dec"

Packhorse lists cattle stations for sale

CHLOE WALKER  |  MONDAY, 7 NOV 2022
Packhorse Pastoral Company has listed a portfolio of three large stations for sale, following the passing of its co-founder Tom Strachan earlier this year. Strategically acquired over the past three years, the Queensland and New South Wales pastoral ...

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
BlackRock will allow individual investors in select mutual funds in the UK to engage in proxy voting via its technology platform Voting Choice. BlackRock chair and chief executive Larry Fink said it's clear investors don't want to sit on the ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
After months of decreasing funds under management, Magellan Financial Group has reported the slightest of increases to its FUM despite further outflows. As at October end, Magellan's FUM sat at $51 billion; a month earlier it was $50.9 billion. Its ...

Rest revamps equities team

ELIZABETH FRY  |  FRIDAY, 4 NOV 2022
Industry superannuation fund Rest has restructured its listed assets team as it adopts a more holistic approach to investing its $66 billion in funds. As Rest continues to enhance its whole-of-fund investment style, it has realigned the team's roles ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
ASIC chair Joe Longo said the market regulator is currently investigating several listed companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The Financial Planning Association of Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30. FPA member numbers decreased ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

Another ban for Sirius Financial

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
ASIC has banned former responsible manager of over-the-counter derivatives provider Sirius Financial, Mark Bringans, for eight years. Bringan's banning follows an ASIC investigation into the firm, which agreed to wind down its retail and wholesale operations ...