Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 471 - 480 of 8407 results for "June"

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... ban United Global Capital (UGC) director Joel James Hewish for 10 years, after he lodged a review of the ban handed down in June 2024. The Tribunal conducted two hearings since the application and have ultimately rejected the appeal. Hewish was banned ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... data flow." Wage price data released today by the Australian Bureau of Statistics (ABS) shows wages rose 3.4% in the year to June 2025, unchanged from the March quarter but down from 4.1% in June 2024. Seasonally adjusted quarterly private sector wages ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... less favourable to members than would have reasonably been available in the market. CBA said mediations in December 2023 and June 2025 failed to resolve the class action which is listed for an initial trial to commence on 6 October 2025. CBA also confirmed ...

Norway sovereign wealth fund divests 11 Israeli companies, cuts mandates

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
... wealth fund's manager, Norges Bank Investment Management (NBIM), said it divested 11 Israeli companies at the end of June from a total of 61. Further, all investments in Israeli companies managed by external managers will be moved in-house and managed ...

Iress deputy chief made redundant, takeover talks confirmed

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... for completion in the second half," Price said. Iress completed the sale of its superannuation business to Apex Group in June. Apex Group purchased the super business for $40 million cash and additional payments of up to $20 million over 12 months subject ...

MLC adds term deposits, ETFs to Expand

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... offering in market and meets this adviser and customer demand." MLC Expand has reduced fees across its multiple menus in June 2025. The announcement also follows the recent partnership with TAL and Challenger to develop MLC Retirement Boost last mont ...

Betashares details private markets play, signs first partner

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... of loans with attractive yields, Betashares explained. The fund is currently valued at about US$30 billion and, since its June 2019 inception, delivered 9.63% net annualised in USD to investors. Expected to launch later this month, it will initially ...

ASX flags up to $35m in additional operating costs

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
... expects to be hit by additional operating expenses of between $25 million and $35 million because of ASIC's inquiry. In June ASIC announced a fresh inquiry into the ASX, focusing on its overall governance, capability, risk management frameworks and ...

Cbus appoints member director

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... and an SA Skills Commission member. Cbus has over 925,000 members and manages $105 billion of superannuation savings as of June 30 this year.

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... in May 2017 to just £3.6 billion ($7.4bn) in the run-up to its suspension. The FCA concluded that between July 2018 and June 2019 WIM and Woodford made unreasonable and inappropriate investment decisions. "They disproportionately sold more liquid investments ...