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Showing 31 - 40 of 592 results for "December quarter"

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
... added. Meanwhile, AMP chief economist Shane Oliver said underlying inflation surprised on the upside again in the December quarter and retail sales have remained solid. Consequently, the RBA is likely to raise rates. QIC chief economist Mathew Peter ...

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... December 2022 (3Q23) was "slightly" up on the same nine months a year earlier, a period it said included a "record" December quarter. The group highlighted its commodities business and said FY23 YTD net profit contribution was "substantially" up on the ...

Aussie shares to continue outperformance: Oliver

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... "It has been taking a more balanced approach to returning inflation to target," he said. "Higher than expected December quarter inflation is a concern and is now likely to see the RBA hike rates by another 0.25% in February. "But it's likely to be the ...

Inflation beats forecasts, hits 7.8%

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
The official Consumer Price Index jumped 1.9% in the December 2022 quarter, rising to the highest annual rate of inflation in over 30 years. The figures were released by the Australian Bureau of Statistics (ABS) today and mark the fourth consecutive ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... reported negative quarterly gross inflows, down 38% on the period prior. GDG's net inflows were $59 million in the December quarter. The business also had $114 million sales inflows. GDG chief executive and managing director Grant Hackett called this ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... billion last June, while Separately Managed Accounts (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both Powerwrap and Praemium's SMA scheme continue to generate positive net flows," ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
Netwealth's funds under administration (FUA) increased by $4.3 billion in the December quarter, bringing the total to $62.4 billion. Netwealth said its FUA increased a total of $5.8 billion in the 12 months to December, representing a growth of 10.2%. ...

Adviser population dropped 17% in 2022

JAMIE WILLIAMSON  |  FRIDAY, 13 JAN 2023
... exited the sector last year, bringing the total number at December end to 15,529 - the lowest in 19 years. The December quarter alone saw a 6% decline, likely driven by the October adviser exam deadline. The total number of advice licensees also fell ...

Easter Bunny feels the inflationary pinch

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... the chocolate index, inflation has run rampant in almost all consumer price index groups in Australia. From the December quarter 2020 to December quarter 2021, all groups CPI rose 3.5%. Transport and housing with 12.5% and 4% respective rises had the ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... addition, the percentage increases in the budgets for those aged around 65 was higher than the increase in the December quarter All Groups CPI of 1.3%. The research also found that price increases for retirees are outstripping those for employees and ...