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Showing 651 - 660 of 6900 results for "Shares"

Hamish Douglass sells $118m in Magellan shares

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Hamish Douglass has dumped $118.3 million of his Magellan Financial Group shares in a partial sale. Approximately 13 million in shares were sold last night through an after-market block trade at $9.10 per share. Magellan was informed that an entity ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
... unanimously agreed to enter a scheme of arrangement with Perpetual, under which the latter would acquire 100% of Pendal's shares. Since the announcement, a joint transaction integration committee was established to oversee the key conditions to the Scheme ...

Cosmos Asset Management delists crypto ETFs

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
Just months after launching, the Sydney-based investment firm has said it intends to delist two of its cryptocurrency exchange-traded funds (ETF) on the Cboe stock exchange. In a letter addressed to Cboe, Cosmos stated that it would be applying to revoke ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... million, a cash payment per Link share equal to £306 million less the actual redress amount divided by the Link Group shares outstanding as at the date of the implementation of the scheme. Link's board rejected this proposal saying that it in the event ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
... also expected to increase. Some accumulation options are expected to decrease in cost however, including the Australian shares, international shares, infrastructure, property, cash and term deposits. The biggest drop is seen in the diversified bonds ...

UK regulator to inspect advice and guidance rules

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... reduce the regulatory burden while continuing to provide the right level of consumer protection." The FCA announcement shares a similar sentiment to Michelle Levy's Quality of Advice Review (QAR). In August the QAR consultation paper was released ...

IPS partners to launch equity market solution

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... of 8.05% per annum (pa) over three years plus retain 100% of their initial capital even if the value of the underlying shares falls by up to 25%. IPS chief growth officer Mark Papendieck said the innovative solution was developed after discussions with ...

FPA calls for sunset on experience pathway

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2022
... introduction if it came with a sunset. The completion of an ethics unit should still be required though, 80% said. "While the FPA shares the government's goal of making financial advice more affordable and accessible to Australian consumers, simply providing ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... $3.5 billion to the size of the fund," Dyall said. The product with the second highest inflow was the Vanguard Australian Shares Index ETF with $2.4 billion for an increase of 27%. Dyall noted that this was five times the size of net inflows into the ...

No escaping volatility: AMP

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
... faces a downturn and that's why we've seen share markets respond in the way they have," Mousina said. While US shares are in a bear market, Australia has been fortunate this year, shielded by very high commodity prices that support national income ...