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Showing 621 - 630 of 6769 results for "Profit"

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in the prior period. The property fund manager calculated adverse net fair value movements on its ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... impacted management fee revenues in affiliates, relative to our initial expectations," he said. The group reported net profit after tax of $76.5 million, which was steady from $76.4 million in the prior year. Performance fees earned were also relatively ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
Micro-investing app Raiz has upped its fees on a range of its portfolios, with some increasing as much as 29%. The monthly maintenance fee for the Standard portfolios will increase from $3.50 to $4.50 for account balances of less than $20,000. For balances ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... As an example, a farmer came to AFCA furious thinking he'd lost money, when the opposite was true. "He was making a profit. When we explained that to him the dispute disappeared," Singh said. On a brighter note, life insurance complaints trended ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... surplus in capital, down from $12.6 billion in the prior quarter. Macquarie chair Glenn Stevens noted Macquarie's record profit of $5.2 billion was an exceptional outcome. "While last year's record result was partly generated by unusual circumstances ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
The wealth group will consolidate its self-employed licensees under one brand, to be owned by the advisers via a new equity model. It has also confirmed it will divest most of its holding in Godfrey Pembroke and is looking to sell Millennium3. Insignia ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... rates lift by 10%-20% right across the board, Birt said. Among general insurers, an analysis by KPMG calculates providers' profit jumped 42% to $4.95 billion in 2022, largely dictated by higher premiums. Fidelity International is benefitting from its ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... social and affordable housing. The CFMEU commissioned Oxford Independent Economics to explore the viability of a super profit tax in helping to increase the supply of social and affordable housing, estimating the current shortfall of 750,700 dwellings ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... IOOF Ltd made a $23.2 million loss thanks largely to a massive $128.5 million net fair value loss on its assets. It made a profit of $45.6 million in the prior financial year. "The investment bond business is considered adjacent to Insignia Financial's ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
The investor group in opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders ...