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| | | ... with Berkshire acquiring roughly 90 million IAG shares (for a total of $500 million), amounting to a 3.7% stake in the company, effective 1 July. Berkshire will retain its initial holding for the duration of the quota share agreement. Further, IAG will ... |
| | | | National transport and logistics company SCT Logistics will undertake Australia's largest unrated bond issue for a private business through a dual-tenor issue of $75-85 million. The issue, which will be arranged by FIIG Securities, comprises two types ... |
| | | | ... has launched an initial public offering of securities for Platinum Asia Investments Limited, an ASX listed investment company (LIC). The offering seeks to raise a minimum of $150 million, with Platinum intending to subscribe for about 25% of the total ... |
| | | | ... businesses to Henderson made sense from a takeover perspective because "Perennial was complicating the panorama for IOOF from a company structure point of view. "The company is now mostly focused on the investment platform and the distribution channels," ... |
| | | | ... the same time, Australian Unity has also appointed two new business development managers. Charlie Wapshott, joining the company from Morningstar, will direct business development in Victoria, South Australia, Western Australia and Tasmania; Chad Brookes ... |
| | | | ... sack Butera, Atkin said it was a decision made by him, the executive manager of people and culture, Cbus' lawyers and the company chairman. Atkin was asked whether rumours surrounding Butera's private evidence led to her sacking. He said "I don't think ... |
| | | | ... than 20% of its funds under management held in retirement products. Challenger chief executive, Brian Benari, said the company was pleased to have been chosen as VicSuper's first longevity solution provider. "The topic of retirement income is generating ... |
| | | | ... comments during the release of the 2015 Budget that the Government would assist in funding both a central online portal for company registration and ASIC's regulatory plans for facilitating crowdsourced equity funding as part of its small business package ... |
| | | | SG Hiscock & Company (SGH) has appointed a head of research from Goldman Sachs to head the SGH20 concentrated equity team. Hamish Tadgell joins SGH from Goldman Sachs, where he was chief investment officer for Australia's global investment research ... |
| | | | ... per cent as chief executive Mary Barra rebuffed talk of a potential merger with Fiat Chrysler. Barra confirmed that the company received an overture from Fiat Chrysler chief Sergio Marchionne, but said GM was well positioned for growth as a free-standing ... |
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