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Showing 411 - 420 of 6744 results for "Profit"

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
ASIC is appealing the Federal Court's recent decision to not issue a penalty to Block Earner after it was found to have provided unlicensed financial services. In November 2022, ASIC commenced civil penalty proceedings against Block Earner, which offered ...

ASX advances CHESS replacement project

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... to maintain its capital management settings, aiming for a dividend payout ratio of between 80% and 90% of underlying net profit after tax for the medium term. The Dividend Reinvestment Plan will continue to operate as part of this strategy.

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... time, AIST said it was aware of some operators charging as much as $6000 "to roll consumers from high performing, low fee profit-to-member funds into poorer performing retail funds." SMC has now picked up where AIST left off, renewing the call for government ...

Lazard enters local ETF industry with infra offering

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUN 2024
Lazard Asset Management is now offering ETFs in Australia, kicking off with a global listed infrastructure active ETF. Commencing trading on Cboe today, the Lazard Global Listed Infrastructure Active ETF (GIFL) is a unit class of the $2 billion Lazard ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... boards including Transurban, Virgin Australia, and led the Citibank Australia board. She has also chaired multiple not-for-profit boards, including Beyond Blue, the Foundation of Young Australians, Australians Investing in Women, Ausfilm, the Australian ...

ASFA partners with First Nations Foundation

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... support of the First Nations Super Summit earlier this year," ASFA chief executive Mary Delahunty said. FNF is a not-for-profit Indigenous financial wellbeing foundation led by an Indigenous majority board since 2006. "It's encouraging to see that one ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website and social media, and through ...

Regal Partners acquires Merricks Capital

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... date of completion of the transaction. The exercise of Regal options is conditional on the satisfaction of specific net profit before tax targets. Completion of the acquisition is also conditional on Regal shareholders approving the issue of Regal shares ...

ANZ dumps remaining stake in AmBank

ANDREW MCKEAN  |  FRIDAY, 31 MAY 2024
... shareholders through a $2 billion on-market share buy-back. However, the most recent sale proceeds will have no material impact on profit. Settlement is expected by June 5. At the time of writing, ANZ's share price was up 0.32% to $28.02, bringing its ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
Morningstar equity analyst Shaun Ler believes that the market is pessimistic over Insignia Financial and is downplaying its ability to stabilise its earnings. "Investors appear to be deterred by margin compression, sluggish flows, restructuring challenges ...