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Showing 491 - 500 of 6744 results for "Profit"

500 jobs to be axed at abrdn

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
abrdn will cut 10% of its workforce as part of a cost cutting exercise following significant outflows in the second half of 2023. The fund manager is targeting a cost reduction of $290 million (£150m) by the end of 2025 to restore its investments division ...

BWP, Newmark Property REIT set to merge

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
BWP Trust (BWP) and Newmark REIT Management, the responsible entity for Newmark Property REIT (NPR), have agreed to merge, subject to shareholder approval. Under the proposed merger, real estate investment trust BWP will offer to acquire 100% of NPR's ...

JANA wins another NFP mandate

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
Investment consultant JANA has scored a mandate from a charitable organisation that is the steward of some $1.6 billion in assets. Uniting Financial Services (UFS), the lending and investment arm of the Uniting Church Synod of New South Wales and the ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
It will likely take 230 years to eradicate poverty, as the wealth of Australia's three richest people more than doubles and the first trillionaire is expected to be minted in the coming years. Those are some key findings from a new Oxfam report, which ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... 15 affiliates. Compared to the first half of 2023, affiliates contributed only $900,000 worth of performance fees to its profit. While it is pleased with the increase in the level of performance fees, Pinnacle flagged that several factors could dampen ...

Centuria buys greenhouse farm

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... management inched to $21 billion from $20.6 billion in the year prior. Revenue grew 23% to $370.1 million, while statutory net profit hit $105.9 million following a massive loss of $38 million in the prior corresponding period.

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... of both funds - energy and mining workers - but also signifies a continued commitment to serving these sectors. "The new profit-to-member industry fund will focus on growth across the industry sectors, while improving the best outcomes possible for members," ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... "From people saving for retirement or their first home through KiwiSaver, to high net worth, institutional, and not for profit clients - BNZ's relationship with the new entity is expected to significantly enhance BNZ's ability to meet the wealth management ...

AMP revamps Jigsaw Advice Solutions

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
AMP is reinventing the Jigsaw business to serve more self-licensed financial advisers. AMP has overhauled Jigsaw's offering, introducing an enhanced Essentials package. It already includes compliance support such as Responsible Manager training, education ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... For equities, however, the higher-rate environment depresses asset price valuations across global markets while squeezing profit margins, as corporations find it more expensive to issue and refinance debt," Vanguard said. In the next year, Vanguard projects ...