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Showing 31 - 40 of 116 results for "MCP"

Kin Group bids to takeover McPherson's

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... consumer products and wellness company McPherson's via its subsidiary Gallin. Gallin is offering McPherson's (ASX: MCP) investors $1.34 per share, a 9.8% premium on the 24 March 2021 close price of $1.22. Gallin was incorporated specifically ...

Sydney boutique to buy a slice of Investec assets

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... across business services, entertainment, retail, childcare, healthcare, mining services and financial services in Australia. MCP is understood to be acquiring about $1.2 billion in assets from the transaction, and already has about $6.5 billion in total ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
There are clear opportunities to disrupt intra-fund and general advice that the industry is overlooking, shunning everyday Australians that need it most, according to superannuation experts. As the number of financial advisers continue to dwindle and ...

Key AMP executive resigns

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
The head of SuperConcepts and AMP Australia's managing director of superannuation, retirement and platforms is leaving the organisation, parent company AMP has confirmed. Lara Bourguignon is the managing director of superannuation, retirement and ...

ME Bank acting chief made permanent

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
ME Bank has promoted its acting chief executive to the role permanently, following Jamie McPhee's resignation earlier this year. Adam Crane joined the bank as chief financial officer in 2019 and was promoted to acting chief executive in July following ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
Despite all the challenges of 2020, ME Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was ...

ME Bank chief resigns

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it. McPhee, who has been chief executive for ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...