Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 6481 - 6490 of 11514 results for "DIV"

PBOC does an SNB

BENJAMIN ONG  |  THURSDAY, 13 AUG 2015
Look ma, China's central bank must have read the piece I've written yesterday morning calling their 1.9% devaluation a mere speck. The People's Bank of China (PBOC) topped it up with another devaluation of 1.6% by the afternoon for a grand total of ...

Bell Financial profit grows to $5.7m

STAFF WRITER  |  WEDNESDAY, 12 AUG 2015
Bell Financial Group has boosted its profits for the half year to June 2015 to $5.7 million, from $759,000 during the same period last year. The company will distribute a dividend of 1.5 cents per share, compared to the 0.3 cents per share it delivered ...

CBA profit tops $9 billion

DARREN SNYDER  |  WEDNESDAY, 12 AUG 2015
Commonwealth Bank recorded a $9.1 billion cash profit in the last financial year with its wealth management arm the only division to see a profit drop. The bank's total cash profit was a 5.3% increase on the previous year yet its wealth management profits ...

GBST wealth management performance drives 52% profit boost

ALEX BURKE  |  WEDNESDAY, 12 AUG 2015
Wealth management and capital markets software provider GBST has posted its full-year results for FY2015, showing a 52% boost in net profit to $15.3 million. Revenue in subsidiary GBST Wealth Management, which provides the Composer funds administration ...

Fee pressure turns super funds to smart beta

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
Pressure to lower fees is forcing superannuation funds to look for new ways to deliver returns at a low cost and some are starting to think the solution might be in smart beta. Head of HSBC Global Asset Management in Australia, Geoffrey Pidgeon, told ...

Macquarie advisers defect to start independent firm

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
Four senior executives and financial planners from Macquarie Private Wealth (MPW) have left the group to start their own non-aligned boutique advice firm. Jeffrey Wrightson, Stephen Thaxter, Chris Forrest and Nina Kazmierczak have set up Sovereign Wealth ...

State Street boosts managed fund sales team

MARK SMITH  |  TUESDAY, 11 AUG 2015
State Street Global Advisors (SSGA) has grown its managed fund sales team in Sydney with the appointment of two experienced sales managers. Syvanna Croyden and Amanda Conner will be responsible for in-field sales, reporting to head of managed fund sales ...

Blue Sky flushes dunnies

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
Blue Sky Private Equity has sold its majority stake in portable toilet hire company Viking Rentals, to which it felt a special attachment because it was one of its first investments. Blue Sky has sold the stake to an Adelaide-based investment group ...

Divestment could reach $50bn in five years

ALEX DUNNIN  |  TUESDAY, 11 AUG 2015
Divestment out of companies that are heavily involved in carbon intensive activities could reach $50 billion over the next five years. Fiona Reynolds, managing director of the global investor group, Principles for Responsible Investing (PRI), stated ...

Scrapping dividend imputation costly for retirees

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
Removing or changing dividend imputation might be a revenue fix for the federal government but it will have long-term effects on Australians' retirement savings. This is the belief held by Association of Superannuation Funds of Australia chief executive ...