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Showing 621 - 630 of 2017 results for "BID"

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

Property manager bolsters leadership team

ALLY SELBY  |  FRIDAY, 1 MAY 2020
An ASX-listed property manager has announced the appointment of an independent director and a fund manager, in a bid to drive value for investors. Eildon Capital Group has appointed Craig Treasure as an independent director and Laurence Parisi as a ...

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
OneVue is on track on complete the sale of dealer group Madison next month, the company said in quarterly update released this morning. OneVue took control of Madison Group in early February from Sargon Capital, as the ASX-listed companies tries to ...

Pandemic puts pressure on ETF spreads

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... they are not allowed to move any more," Chugh said. The increase in spreads in the ETF market was expected, he said. "If the bid/offer spread on any index widens, that of an ETF based on it will react," Chugh explained. "Say it's the MSCI Emerging Markets ...

Morningstar acquires global ESG ratings house

ALLY SELBY  |  FRIDAY, 24 APR 2020
Morningstar has acquired a $288 million global ESG ratings and research house, in a bid to empower investors to make meaningful investment decisions. Morningstar acquired a 40% stake in Sustainalytics in 2017, and will now purchase the remaining 60% ...

New ASIC guidance on active ETFs

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... It has also asked them to establish information barriers so people who know the current portfolio holdings don't submit the bid and offers. "[ETF firms should]... have adequate arrangements for identifying and responding to instances of substantial information ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... announcement on March 30 that Australia will extend the time frame for decisions on foreign investments to up to six months, in a bid to protect the national interest. Slashing the threshold for foreign investment proposals from $1.2 billion to $0, Frydenberg ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
News that Wuhan, the epicentre of the COVID-19 pandemic, has now opened for business saw Wall Street surge overnight, with the S&P 500 once again entering bull market territory. From its March 23 lows, the S&P 500 has surged 23%, signifying the end ...

Chant West takes Zenith acquisition to court

KANIKA SOOD  |  MONDAY, 6 APR 2020
Chant West Holdings has filed proceedings in the Supreme Court of New South Wales after Zenith Investment Partners' subsidiary last week pulled out of a planned $12 million purchase of its superannuation business. CW Bidco Pty Limited (the Zenith ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... long traded at discounts to their net tangible assets. Fixed income markets in March had far more sellers than buyers, and bid/ask spreads widened significantly, even for heavily traded and safe securities. Australian government bonds were trading at ...