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Showing 31 - 40 of 196 results for "Buyback"

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... 2020. It's part of the previously announced $1.1 billion capital management program, as is the $350 million on-market buyback the group is currently undertaking. AMP's share price reacted to the results, dipping 12% to $1.15 at time of writing.

Still potential for dividends growth: Ausbil

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
According to Ausbil, earnings growth will be harder to come by in 2023, however there will still be a possibility to secure dividends despite a slowing economy and rising interest rates. Ausbil active dividend income fund portfolio manager Michael Price ...

Iress records 29% jump in profit

CASSANDRA BALDINI  |  THURSDAY, 18 AUG 2022
... to date it has acquired $70 million worth of shares with a further $30 million to be completed as part of an extended buyback program. "Iress continues to have a strong balance shee with high free cash flow and cash conversion of 93%, we can self-fund ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
Despite seeing its net half-year profit drop about 25%, AMP has commenced a $350 million buyback and plans to return a further $750 million to shareholders. Releasing its first-half results this morning, AMP said it has made significant progress towards ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
Magellan Financial Group's Hamish Douglass tendered his resignation as a director from the board effective March 19. The board said his resignation is "due solely to his medical leave of absence", which was announced to the ASX on February 7. The ...

Sustainability will send some broke: Research

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Efforts to become more sustainable will challenge many firms and perhaps even bankrupt some, experts from MFS Investment Management have noted. In a new research note, MFS global investment strategist Robert Almeida and research analyst Robert Wilson ...

VGI Partners global LIC posts 25.6% returns

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... have run its course. The LIC has bought back 26 million shares or 6.4% of total shares since August. It will extend its buyback.

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... over the coming 12 months and return to pre-COVID levels, with its Tier 1 capital ratio sitting at a healthy 13.1%. "The buyback is a logical way for CBA to take advantage of surplus capital and franking credits and will provide a significant windfall ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... advice practices in Australia. While further advice practice exits are anticipated before the conclusion of the December 31 buyback arrangements, he said, AMP's current expectation is these commitments will be covered by the existing provisions and ...