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

Search Results

Showing 651 - 660 of 6906 results for "shares"

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... the combined group's flexibility. Now, Pendal shareholders will receive one Perpetual share for every seven Pendal shares, as well as $1.65 per share. Under the previous offer, Pendal shareholders were getting one Perpetual share for every 7.5 Pendal ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... the performance test's methodology to be re-designed so that it measures funds against a simply constructed portfolio of shares, fixed interest, and cash. "The test methodology should change to a simple naïve benchmark, which would end test manipulation ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... earlier this month, Magellan co-founder and former chief investment officer Hamish Douglas dumped $118.3 million of his shares in the company, a partial sale. Douglas explained that his rationale for the selling action was for family diversification ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... of whom were elderly, to open margin lending accounts, appointing himself or his wife as an authorised person to trade shares on behalf of those clients. He then arranged for shares to be traded on client accounts by instructing his wife to execute the ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue of redeemable preference shares in the company, for the purpose of lending to real estate development projects. At the time of lodgment of the prospectus, to ...

Forget BRICs: Skerryvore

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... there's a lot of what are called "state owned enterprises" and if you're a state-owned enterprise, you might have shares, but really, you're trying to meet the strategic needs of the government," he said. "The bottom line is, there's ...

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 ...