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

Search Results

Showing 31 - 40 of 1517 results for "Selling"

Integro Private Wealth acquires Wealth Advantage

CHLOE WALKER  |  FRIDAY, 25 AUG 2023
... said. "As long-term and unexpected sellers are now entering the market with a rise in land values, farmers want to know if selling or leasing their property will help family members, not just in this generation, but also the next." With this in mind ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... from larger competitors boasting more affordable capital costs. By October 2018, the portfolio review culminated in AMP selling its aforementioned businesses to Resolution Life for $3 billion. The sale comprised $2.5 billion in cash and a $500 million ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
Iress is selling its managed funds administration business and will not pay an interim dividend, opting instead to reduce debt as it progresses its transformation project. Reporting its half-year results today, Iress announced it will offload the MFA ...

High rates impacting REITs: Quay

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... approximately 14%, underperforming global and US equities by 16% and 17% respectively. Over the same period, bonds also started selling off, Blaess said. In the US, the 10-year treasury yield, the benchmark risk-free rate rose from 1.4% to the current ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... figures, which values them higher compared to a year ago. A risk firm with clients aged 55 to 60 years old is currently selling at 2.1x-2.5x, up from 2.x to 2.3x from FY2022. A risk firm with clients who are aged 61 and older is currently selling at ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... Russell Howden, also the director of BlueInc, engaged in unconscionable conduct and breaching financial services laws when selling life, funeral and accidental injury insurance. Howden will also have to pay $100,000 in penalties. Select sold the products ...

Dexus assets drop by $1bn

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... Experts expect ongoing volatility in the property market, however explained, the listed market anticipates this and despite selling assets at a discount Dexus share price remained stable. Dexus share price saw a slight increase following Friday's ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... the value of advice practices currently on the market. Investment and super clients with the following demographics are selling with multiples as follows: 80 years and above (0.80x to 1.0x), 65-79 years old (1.9x - 2.5x), 64 years old (2.3x - 3x) and ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing alongside former Count Financial chief executive Matthew ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... the SEC's complaint, since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities. The SEC said its failure to register has "deprived investors of significant protections", including ...