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Showing 521 - 530 of 6744 results for "Profit"

Dimensional launches inaugural ETFs

KARREN VERGARA  |  MONDAY, 13 NOV 2023
Dimensional Fund Advisors has, for the first time, forayed into the local exchange-traded funds (ETFs) market, launching three actively managed core equity strategies. The three products, which began trading today, are offered in a dual-access structure ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
In its full-year 2023 results, ANZ declared a cash profit of $7.4 billion, up 14% on the previous year. The big four bank said its proposed final dividend for 2023 also increased to 94 cents per share (cps), consisting of an 81 cps dividend partially ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... regulatory capital and stability remained a priority, while 33% said returns were the main drive, and 27% opted for minimising profit and volatility. The investment giant said the research revealed that insurers are using their discretion to address ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... return, despite the actual figures ranging from 7.90% to 8.23% Lastly, a webinar that inaccurately projected a $17,000 profit on a $50,000 investment over a decade, incorrectly suggested current validity. In light of these developments, HESTA said it ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
The Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... 45% fewer loss-making retail client accounts compared with the quarterly average in the prior year, whereas the number of profit-making retail client accounts reduced by only 4% across the same period.

Magellan cops first strike for remuneration

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
Almost 60% of Magellan Financial Group's shareholders rejected the company's remuneration report at yesterday's annual meeting, registering a first strike. More than 58% of Magellan's shareholders voted against the report on executive pay following ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... performance fee revenues of $339.2 million, a shadow of the $600.1 million reported in the prior period. Statutory net profit after tax of $182.7 million followed a linear trend, down 52%. Formica conceded that the firm "may well be a target" to other ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... improved products and services to assist members to build their wealth and quality of life in retirement. "As a not-for-profit fund, we ensure all our decisions are made in the best financial interest of our members," he said. "We have a track record ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Division, which operates BT Panorama, Westpac Pacific, margin lending, and retail auto finance, contributed $605 million in profit. Since its formation in May 2020, the division divested 10 business units. This year, it divested BT's personal and ...