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Showing 6401 - 6410 of 21771 results for "Dec"

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ...

HESTA awards three-year mandate

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
HESTA has awarded a three -year mandate to an administrator following a competitive tender process. Link Group has been reappointed to provide the $53 billion super fund with retirement and superannuation solutions. The mandate is for an initial three ...

De Ferrari refuses to discuss Wade

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
AMP chief executive Francesco De Ferrari repeatedly refused to comment on the specific accusations of sexual harassment levelled at members of AMP's leadership team. Following reports that both AMP Capital chief executive Boe Pahari and former AMP ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

CEFC makes first foray into industrial investments

ALLY SELBY  |  THURSDAY, 13 AUG 2020
The Clean Energy Finance Corporation has made its first foray into the industrial property sector, investing $50 million in one of Australia's largest industrial and logistics funds. Charter Hall's $5.5 billion Prime Industrial Fund has nabbed the government ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Magellan is readying a new low-cost lineup of its strategies for retail investors, as it reports 5% higher net profit after tax of $395.2 million for FY20. The Magellan Core series will kick off as open-ended funds on Chi-X (so far its ETFs use ASX ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
The $52 billion industry fund is closing some of its investment options and merging others in a move that will see some fees change. HESTA has informed members that investment options across both super and income streams will be changed from October ...

Synchron compliance lead resigns

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
Synchron's general manager of legal, risk and compliance Michael Jones has resigned, with a new appointment to lead the dealer group's compliance. Synchron director Don Trapnell thanked Jones for his contribution to the dealer group. "We have ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
The signs of resilience from small to medium enterprises (SMEs) may be short lived when government support starts to taper off leading to higher numbers of insolvencies, according to CreditorWatch. The number of SMEs defaulting on payments fell by 13.2% ...

Finance employees remain fearful

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
While finance employees rank among those most confident in Australia's workforce, they are also the most likely to have numerous concerns on the risks of returning to the office. According to LinkedIn's Workforce Confidence Index, the financial services ...