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

Search Results

Showing 521 - 530 of 2802 results for "Shareholders"

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... willing to pay about CHF107 million ($180.2m) for the smaller fund manager. The transaction includes offering GAM shareholders 9.4 million new ordinary shares in Liontrust in which they will be allocated about 12.6%. London Stock Exchange-listed Liontrust ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
... conditions allowed; showed preferential treatment to that particular seller; and acted to the detriment of other AWN shareholders who didn't get the same opportunity to participate in the buyback. For this, Ord Minnett was fined $770,000. Meanwhile ...

HUB24 to buy myprosperity

CASSANDRA BALDINI  |  WEDNESDAY, 3 MAY 2023
... will be operated as a separate business within the HUB24 group. The leadership team and branding will remain as is. Shareholders of myprosperity will receive total consideration of $40 million of HUB24 shares and up to a further $11.5 million in shares ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... infrastructure investments places her in a unique position within our industry. "Her experience with stakeholders, including shareholders, boards, government and finance across ours and many sectors is key for the evolving business environment we are ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... provide meaningful opportunities for domestic and global clients." Yieldbroker's board has unanimously recommended shareholders vote in favour of the acquisition. The vote will be held on May 22.

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... provide up to $111 million. While a financial penalty could have been imposed, the FCA said it won't be to ensure shareholders receive as much as possible. As part of the settlement and conditional on the scheme, Link Group has agreed to contribute ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
... confirmed it is talks with UK asset manager Liontrust Asset Management over a potential sale. In a short announcement to shareholders, GAM added that it is also in similar discussions with others. It said it is "working tirelessly to ensure that the ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... distribution. Burgess said companies often reinvest profits instead of holding them as cash to be distributed to shareholders. "The association contends that for these companies reinvesting profits and the raising of capital to pay dividends is merely ...

Blackstone limits withdrawals on $103bn real estate fund

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... following a sharp rise in them. However, the investment manager said BREIT has paid out nearly US$5 billion to redeeming shareholders since 30 November 2022 when proration began. "Strong performance is what matters and BREIT has delivered: 12.3% annualised ...