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

Search Results

Showing 481 - 490 of 6744 results for "Profit"

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Macquarie Group has reported a "substantially lower" net profit after tax in FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane. Macquarie's annuity-style divisions, Macquarie Asset Management ...

Rest invests in agriculture fund

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024
... Fund II. "We expect this investment will generate exposure to mid-market agriculture companies that own real assets with profit generating potential," she said. "This will bring diversity benefits to our alternatives portfolio, while delivering long-term ...

Prime to acquire boutique fund manager

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... and wealth segment clients." Prime recorded 28% growth in revenue of $33.7 million in the last financial year. Its net profit after tax was up 16% year on year to $2.2 million. Prime operates wealth management, capital and corporate advisory, accounting ...

BlackRock iShares adds to factor ETFs

JAMIE WILLIAMSON  |  MONDAY, 5 FEB 2024
... Quality Sector Capped Select Index, investing in large- and mid-cap global companies with healthy balance sheets, decent profit margins, and consistent year-on-year earnings growth. Finally, iShares MSCI World ex Australia Value ETF (IVLU) tracks the ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... and Longwave quadrupling assets to $700 million. The group's revenue grew 4% year on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... killed 30,676 Palestinians in the Gaza Strip - of which 12,040 are infants and children - according to Geneva-based non-profit Euro-Med Human Rights Monitor. Last December, major news outlets reported that US President Joe Biden bypassed Congress twice ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... to pre-position the bank to execute the transaction. On the day the saw was executed, Westpac's trading desk achieved a profit of $20.7 million. Close to $ million was paid to the sales team as commission. The Federal Court declared the conduct was unconscionable ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
A US court and the Securities and Exchange Commission (SEC) have slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). ...

Ex-Merricks commodities guru launches hedge fund

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
... things, and investors want to know how to participate or understand these events. "There is an opportunity for investors to profit from this volatility instead of worrying about it or focusing on the negatives." While Davis anticipates Farrer's investors ...

Aware Super, ART hire member service heads

ELIZABETH FRY  |  MONDAY, 29 JAN 2024
... Bank which has long held the title of the most trusted bank in Australia and topped customer satisfaction surveys. With a profit-for-purpose social enterprise model, Bendigo has enjoyed a better reputation than its Big Four peers because of its culture ...