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Showing 601 - 610 of 6900 results for "Shares"

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... counterparts to support their implementation." All shareholders of Credit Suisse will receive one share in UBS for 22.48 shares in Credit Suisse as merger consideration, to a total of $4.8 billion (CHF 3 billion). UBS said it will benefit from 25 billion ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... US$54 billion lifeline to Credit Suisse. "That helped ease fears of the global banking crisis and we saw Credit Suisse shares jump 19.2% with European bank stocks up 1.1% on the back of that news," he said. The liquidity backstop provided by the SNB ...

BT's Advance AM hit with stop orders

JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
... to BT and Advance Asset Management this week in relation to the Advance Balanced Multi-Blend Fund, Advance International Shares Multi-Blend Fund, and Advance Property Securities Multi-Blend Fund. The funds, which have a combined $4.2 billion in assets ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... assistance due to regulatory requirements. "They are a 10% stakeholder already," he said. "So, on the back of that, we saw Euro shares fall quite sharply, down 6.9% making it the biggest fall in about four months and that fed into concerns globally and ...

Australian Ethical adds to leadership team

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... but globally," managing director John McMurdo said. The announcement follows Australian Ethical's decision to sell its shares in Lendlease Group over planned development that could threaten the survival of one of the last remaining healthy koala colonies ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... said $500,000 of the proceeds will be set aside to establish a trust for employees of Morrison Securities, holding Sequoia shares to vest over 18 months. Sequoia said its board believes Morrison's growth was being restricted by its balance sheet. Sequoia ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... proposed transaction is conditional, payable on a deferred basis and will be paid via an issue of new fully paid ordinary shares in the company. "A maximum of $2,500,000 in Consideration Shares can be issued, with the final number linked to performance," ...

Airlie founder to step down, successor named

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... managing institutional clients. Total consideration for both acquisitions came to $19 million in cash and 4.5 million Magellan shares. Magellan chief executive David George commented: "As the founder of Airlie, John successfully established, built, and ...

Bravura $80m restructure underway

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... an additional $17 million among retail shareholders on March 13. All in all, the raise equates to about 200 million new shares issued. Chief executive Libby Roy intends to use the proceeds for an operational change program ($22m), and fund negative cashflow ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... $25,000 or more will see fees either stay the same or decrease. The portfolio administration fee on the term deposits, shares, ETF and LIC options will decrease. Members invested in term deposits will pay a flat $120 per year from April 1, while those ...