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Showing 4211 - 4220 of 22130 results for "Tim"

Elon Musk buys Twitter for $61.4bn

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
Eccentric entrepreneur Elon Musk has entered into a definitive agreement to acquire social media networking platform Twitter. In a Tweet, Musk explained his motivation to acquire the tech giant saying: "Free speech is the bedrock of functioning democracy ...

Igneo strikes a deal with Elliot Green Power

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
Global investment manager Igneo Infrastructure Partners has reached an agreement to acquire a 100% interest in Elliot Green Power (EGP) via its Australian renewables business, Atmos Renewables. The EGP portfolio consisted of the Childers, Susan River ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

Hines enters Australian industrial sector

CHLOE WALKER  |  FRIDAY, 22 APR 2022
The global investment firm has purchased a portfolio of four logistics properties in Sydney and Brisbane for a combined $211.5 million from local fund manager Pipeclay Lawson. They will be held by the Hines Asia Property Partners (HAPP) a diversified ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
The SMSF sector has been plagued with delays when rolling over funds from APRA regulated funds to SMSFs, so the industry body is working with the regulator with the hope of improving processes. SMSF Association deputy chief executive and director of ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...

UK regulator introduces diversity rules for listed entities

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
The UK's Financial Conduct Authority has finalised its rules for listed companies when it comes to disclosure of diversity on boards and executive committees. Under the rules, the boards of listed entities must comprise 40% women and at least one of ...

Heffron adds head of product

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
SMSF administrator Heffron has appointed a head of product, hiring from BT. Kate Sheringham has joined Heffron in the newly created role, moving on from BT where she spent the last six years as national manager, SMSF products. In the new role, Sheringham ...

Bennelong bolsters distribution team

ELIZABETH MCARTHUR  |  THURSDAY, 21 APR 2022
Bennelong Funds Management has appointed a new account director to cover New South Wales and the Australian Capital Territory. The firm named Mai Platts as account director, NSW and ACT, as it continues to expand its investment distribution team. Platts ...

Rest simplifies super splitting

ELIZABETH MCARTHUR  |  THURSDAY, 21 APR 2022
Industry fund Rest has adopted a new super splitting method, aimed at making the distribution of superannuation assets simpler for members. Rest's Super Split initiative allows super assets to be split when a member becomes divorced. It includes a new ...