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Showing 4041 - 4050 of 6681 results for "Sale"

Bendigo offloads IOOF stake

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
... Holdings, worth $110 million. In a statement to the Australian Securities Exchange (ASX) Bendigo and Adelaide Bank said the sale was conducted at $6.16 a share and is expected to improve its statutory earnings by around $40 million. The sale will also ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
... Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement required approval from the Pooled Development ...

Austock seeks liquidity for shareholders who want out

BEN COLLINS  |  TUESDAY, 7 AUG 2012
... Mariner Corporation Limited withdrew a proposed takeover bid for Austock. Mariner withdrew its offer after it labeled Austock's sale of its property funds management business to Folkestone Limited as a "blatant" attempt to block its bid for all shares ...

Annuities regaining acceptance: Challenger

ALEX DUNNIN  |  FRIDAY, 3 AUG 2012
Life annuities sales have increased rapidly following the GFC's onslaught on retirement assets, but investors and advisers are still wary about what happens to their capital if they don't live long enough to exhaust the annuity. "We now sell in a month ...

AMP Capital hires MD for Asia

MELANIE TIMBRELL  |  FRIDAY, 3 AUG 2012
AMP Capital has hired former Fidelity executive Kerry Ching as managing director for Asia ex-Japan. Based in Hong Kong, Ching's role will focus on managing key client relationships, together with institutional sales and business development. Ching joins ...

Market Wrap - Morning

AAP  |  FRIDAY, 3 AUG 2012
SYDNEY - The Australian market looks set to open lower following falls on Wall Street with investors disappointed the European Central Bank announced no immediate measures to solve the euro zone sovereign debt crisis. At 0739 AEST on Friday, the September ...

Target Maturity Funds Take Top Spot

ALEX DUNNIN  |  THURSDAY, 2 AUG 2012
Target Maturity funds, a form of life cycle funds, have remained the most popular sector for funds launched within the last six months in Europe with net inflows of A$1.2 billion during May alone. However, the bulk of this growth is due to just two ...

TO Panel rejects HDF complaint

BEN COLLINS  |  TUESDAY, 31 JUL 2012
The Takeovers Panel has said it won't investigate a complaint over the sale of the Hastings Diversified Utilities Fund made by Australian Foundation Investment Company Limited - a unit holder in the infrastructure fund. The Hastings Diversified Utilities ...

Lloyds Bank CM snaps up two former UBS FX heads

BEN COLLINS  |  MONDAY, 30 JUL 2012
Lloyds Bank Corporate Markets has expanded its global foreign exchange business, hiring two former UBS investment bank foreign exchange specialists. Paul Bernasconi and Nathan Pederson have joined, respectively, in the newly created roles of director ...

Market Wrap - Morning

AAP  |  MONDAY, 30 JUL 2012
SYDNEY - The Australian market looks set to open higher after strong finishes on overseas markets on Friday after the leaders of Germany, and the European Central Bank pledged support for the euro. At 0755 AEST on Monday, the September share price index ...