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Showing 511 - 520 of 6256 results for "Cash"

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... this year from the Reserve Bank of Australia (RBA). RBA governor Michele Bullock insisted "that a near-term reduction in the cash rate doesn't align with the board's current thinking". Bullock's statement was echoed by deputy governor Andrew ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... resetting the business, right sizing our cost base and focusing on our clients and our people, with the business returning to cash EBITDA profitability performance, ahead of forecasts," Bravura non-executive director Russell Baskerville said. He flagged ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... moderation seen since the peak of 91.6% in the June 2023 quarter. This reflects fewer rises in the Reserve Bank of Australia's cash rate in the last 12 months and a slowing in the rollover of expired fixed rate mortgages to higher variable rate mortgages," ...

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... private credit manager's yet-to-be-launched funds in exchange for an upfront payment of US$33.9 million, with 75% paid in cash and 25% in Janus Henderson stock. After the transaction, Pacific Current will retain an 11.2% stake in Victory Park's management ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... million in the year to June. Statutory NPBT is expected to be $4.8 million. "Significantly, in addition to enabling us to cash fund our $2 million acquisition of Millennium3 in December, consistent positive operating cashflow has enabled us to return ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... replaced AGP Investment Management from August 1. The Woodbridge Private Credit Fund aims to provide a return of the RBA cash rate plus 5% to 7% per annum net of fees and expenses. The fund invests in first mortgage, senior secured Australian and New ...

FTSE Russell hires client coverage lead

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... Australian Concentrated Shares Fund to ASX-listed Teaminvest Private Group (TIP) in June 2022 for $0.45 million including a cash consideration of about $215,000 and a return of capital. It was the first retail fund for TIP. That month, TIP also launched ...

UK pension giant eyes Australian timber

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
... about $1.16 billion into global timberland this year. Nest said investing in timberland should provide stable returns with a cash yield, a natural inflation hedge, and portfolio diversification. It first began looking at the asset class' potential in ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... the new business. Key management personnel from AMP will transition to NewCo. The transaction will be funded 70% through cash with the balance being the stake in NewCo. AMP expects to book a $30 million loss on the transaction in the second half. In ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... assets. It currently has about 26% in Aussie shares and 31.5% in global shares. It allocates 8% each to infrastructure and cash, and has 8.5% in credit and 6.5% in property. About 5.5% is allocated to alternatives, while 6% is in defensive income. The ...