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Showing 541 - 550 of 6175 results for "Statement"

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
The ASX reported a 37.6% plunge in statutory net profit to $317.3 million, largely weighed down by hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking ...

Fund manager injects $28m in Stockspot

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... the towel, which was another major player in the arena. Six Park co-founder and chief executive Pat Garrett said in a statement that as "businesses like Six Park seek scale, they are reliant on suitable external funding and a measure of industry transformation/awareness/adoption ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... pioneered innovative, scalable debt funding to meet the retirement funding and housing needs of an ageing population." In a statement, Household Capital noted demographers have indicated that more than five million baby boomers face the prospect of inadequate ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... least 180 bonds; and within the fund, at least 14 issuers that collectively issued at least 27 bonds. Vanguard said in a statement that it self-identified and self-reported the breach for both the fund and the ETF that was based on that fund (VEFI) to ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
In launching legal proceedings against eToro, the regulator said it's going after the top dog in the contract for difference (CFD) market to send a message to the industry about the importance of the design and distribution obligations (DDO). During ...

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... distribution officer for seven years. In announcing his departure, he noted he would be on gardening leave until mid-August; a statement from Praemium said it was the result of a strategic review. On the appointment, Sequoia said: "His expertise in managing ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... to strengthen the industry and hold it accountable, penalties will jump from $7.8 million to over $780 million. In a statement, government said the new package looks to bolster the integrity of the tax system, further empower regulators, and strengthen ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... descriptions of the exclusionary screens published by the index provider and within Vanguard's Product Disclosure Statement (PDS) were not sufficiently detailed." Vanguard noted it has undertaken "a range of measures to strengthen the end-to-end ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
APRA will force superannuation funds to provide more details into how they pay executives, particularly wanting deeper insight into how variable remuneration is rewarded. The prudential regulator has updated Prudential Standard CPS 511 Remuneration ...

Acadian employs ChatGPT to assess climate targets

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023
Acadian Asset Management is using the technology underpinning ChatGPT to predict whether companies are likely to achieve sustainability targets. The Acadian Net Zero Alignment Model integrates large learning models (LLM), the type of AI algorithm that ...