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Showing 41 - 50 of 707 results for %22Cash earnings%22

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... running at a loss in recent years and is projected to do so again this year, she said. In its recent update, AMP reported net cash outflows for the wealth management business of $1.3 billion. "We are accelerating the transformation of advice by implementing ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Westpac giving away BT super business

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
... longstanding matters filed by ASIC in November 2021. Overall, Westpac expects a first half net reduction in profit and cash earnings of $6 million. The bank had a gain from the sale of Westpac Life NZ of $119 million and gains of a further $119 million ...

Chief economist: Is this a buy op?

BENJAMIN ONG  |  FRIDAY, 25 FEB 2022
... force the Reserve Bank of Australia (RBA) by much more than expected. Financial markets expect the RBA to lift the official cash rate by as much as 100 basis points this year, starting as early as May. Australia could ride the wave of higher commodity ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... and SuperConcepts, reported a $48 million underlying profit, a 25% drop year on year. The division saw $5.2 billion in net cash outflows, an improvement from the $7.8 billion lost in FY20. The master trust business had $62.9 billion in assets under management ...

Not all tech created equal: Principal

CHLOE WALKER  |  MONDAY, 17 JAN 2022
... unprofitable companies are particularly vulnerable to rising rates, as they derive almost all their present value from future cash flows. By contrast, Shah stated that mega-cap tech firms, such as the FAANGs (Facebook, Apple, Amazon, Netflix, and Alphabet ...

Sequoia buys general insurance book

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... to cost the group about $2.5 million, based on a forecast EBIT of five times FY22 earnings. It will be funded by existing cash reserves over a 12-month period. Tag Insurance Brokers was founded by Darren Goodman in Melbourne in 1996 and currently generates ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
National Australia Bank recorded a 76.85% increase in cash earnings to $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. ...

CountPlus to acquire Challenger SMSF business

ANNABELLE DICKSON  |  WEDNESDAY, 20 OCT 2021
... offering after finalising terms to acquire Accurium from Challenger. CountPlus will pay $9 million for Accurium made up of cash and a debt facility. It will hold an 85% shareholding with the remaining 15% will be held by Accurium's key management team. ...

CMC Markets buys ANZ Share Investing

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
... platform in the UK, aligning our business strategy across our core geographies." ANZ said it will continue to manage and provide cash management solutions to share investing customers. "In April, ANZ stated in its first half financial disclosures that ...