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Showing 661 - 670 of 4552 results for "Holding"

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
ASIC's Market Disciplinary Panel handed Ord Minnett an $888,000 infringement notice over two contraventions of market integrity rules which occurred when conducting a buyback. According to ASIC, on 1 September 2021 the firm was instructed to commence ...

GBST acquires WealthConnect platform

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
GBST has bolstered its fintech portfolio by acquiring WealthConnect, the flagship product of the now-defunct financial software provider Creativemass, for an undisclosed amount. WealthConnect is a digital practice management, customer relationship management ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... rising interest rates and slowing activity in the technology sector that materialised in 2022 and early 2023," it said. Holding up its own hands, the Federal Reserve added that supervisors failed to take forceful enough action. "Federal Reserve oversight ...

Global investors look to strike gold: Study

CHLOE WALKER  |  FRIDAY, 28 APR 2023
As the price of metal goes up, professional investors around the world are set to boost allocations to gold and gold miners, according to new research by mining company Tresor Gold. The research collated in April surveyed investors responsible for $307.5 ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
Australian investors are flocking to term deposits and away from equity funds, signalling a shift towards more conservative investment strategies. Plan for Life data revealed that Australian equities funds experienced a decline in net funds inflows ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... which equated to 8.16 million units for a consideration of $7.59 million. At the end of December 2022, CVC had a 37.2% holding in Eildon.

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... in the future. "The way of introducing this policy induces fear for superannuation builders and is likely to encourage holding lower balances, where individuals are able to restructure their affairs to do so." It suggested a five-year transition period ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... sold 9.4 million units at 93 cents per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments related to contracted investments; it ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... operated by small businesses and only 30% of SMSFs are linked to individuals. Currently, there are over 1.1 million members holding an estimated total asset value of about $868 billion in assets. Among small businesses, Micale said this group has a higher ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... business to Elanor for $42 million, which will be received in new Elanor securities. Upon completion, Challenger's holding in Elanor is expected to represent 18% of Elanor securities on issue. Meanwhile, Hamilton announced that Challenger expects ...