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

Search Results

Showing 511 - 520 of 783 results for "Collins"

Future Fund defends tax havens

BEN COLLINS  |  FRIDAY, 10 AUG 2012
The Future Fund has defended its investments in subsidiaries based in known tax-havens during a senate inquiry yesterday. The fund's 2011 annual report shows that it has 14.4% of its assets in the Cayman Islands, plus significant investments in the ...

Super funds urged to include macro-level ESG principles

BEN COLLINS  |  THURSDAY, 9 AUG 2012
Institutional investors are increasingly demanding that Environmental, Social and Governance principles be considered in mandate design - and it needs to be from a macro-level, said Solaris Investment Management. "Several of Solaris' institutional clients ...

ASIC bans ABC LC auditor

BEN COLLINS  |  THURSDAY, 9 AUG 2012
The Australian Securities & Investments Commission has banned an ABC Learning Centres auditor from practicing for five years. The Australian Securities & Investments Commission (ASIC) said it has accepted an enforceable undertaking (EU) from Brisbane ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
Folkestone will have to pay cash for the Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement ...

Dunn loses bonus shares

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
AMP chief executive officer Craig Dunn has been forced to forfeit 777,778 shares, after the company's share price fell from $6.50 in 2010, to the current price of $4.04. The 777, 778 shares - worth approximately $3.2 million - were granted in 2010 ...

Brierley bids for wound-down scheme

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
A corporate raider has made a bid for Adelaide Managed Funds Asset Banked Yield Trust, a managed investment scheme in wind-down mode. Mercantile Investments is offering 5.5 cents per share in the fund - for the 87% of units that it does not already ...

Online speed nurtures consumer trust

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The net benefit of financial services companies moving their business online will be speed, said Rohan Lund, chief executive of Yahoo!7. "If you look at the rate at which people are starting to use online banking, the reason we are seeing that propensity ...

40% of super funds gone by 2020:CoreData

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The number of funds in the Australian superannuation industry is expected to shrink by up to 40% by 2020, and the "Sweet spot" for funds is $10-$15bn in assets under management, said a CoreData whitepaper. Dubbed 'Survival of the fittest', CoreData's ...

Austock seeks liquidity for shareholders who want out

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The Austock Group has announced plans for an on-market buy-back of up to 27 million fully paid ordinary shares, approximately 20% of its total shares on issue. Bill Bessemer, Austock Group chief executive offer, said that the buy-back was to provide ...

Asian managers eye Fund Passport

BEN COLLINS  |  MONDAY, 6 AUG 2012
Asian asset managers are still confident in the region despite the effects of the global financial crisis and fragmentation in the market, said RBC Investor Services. In its latest industry poll, RBC Investor Services also said that while undertakings ...