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Showing 671 - 680 of 2464 results for "Progress"

IFM calls off Atlas Arteria takeover bid

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
... July 20, IFM said. Following those meetings, IFM Investors said: "IFM GIF is not presently in a position to meaningfully progress a proposal with its acquisition and has determined to cease discussions with Atlas Arteria." However, the super fund investor ...

Morrison & Co buys stake in Lyntia Networks

CASSANDRA BALDINI  |  WEDNESDAY, 27 JUL 2022
Morrison & Co has acquired a 33.3% stake in Spanish open access wholesale fibre operator, Lyntia Networks. Lyntia operates a metro and long-haul fibre network in Spain spanning more than 43,000 km, providing B2B connectivity services on a wholesale ...

Insignia Financial loses more advisers

CASSANDRA BALDINI  |  TUESDAY, 26 JUL 2022
Insignia Financial has reported a reduction of 82 financial advisers in its network for the June quarter. Since the last quarter, Insignia reported 34 employed and 45 self-employed advisers had left bringing its current total to 1,600. It explained ...

Perpetual funds down amid market decline

ANDREW MCKEAN  |  MONDAY, 25 JUL 2022
... flow results being described as 'disappointing', Adam's concluded that Perpetual continues to make excellent progress against its long-term strategy to invest in new products in Australia and internationally. "In our asset management business ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
An Organisation for Economic Co-operation and Development (OECD) report indicates that Australia's lack of capital gains tax has led to a monumental increase in house prices that have unfairly affected the less wealthy. The report states that between ...

ANZ to purchase Suncorp Bank for $4.9bn

CASSANDRA BALDINI  |  MONDAY, 18 JUL 2022
ANZ has agreed to acquire Suncorp's banking arm for $4.9 billion, calling it a vote of confidence in Queensland's future. To help fund the acquisition, ANZ it is raising $3.5 billion via a fully underwritten pro rata accelerated renounceable entitlement ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... close gaps identified in its self-assessment and was lowered to $150 million in December 2020 in recognition of Allianz's progress in addressing these issues. Last year, APRA accepted a court enforceable undertaking (CEU) from the insurer. Under the ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... including Donald Trump. In a White House statement, Biden said: "Tackling inflation is my top priority - we need to make more progress, more quickly, in getting prices under control." To do this Biden promised he'd continue the release of oil from the ...

Payton Capital expands to Sydney

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
Payton Capital has expanded to Sydney, making four senior appointments in response to growing market demand for its bespoke investment and lending services. Mike Healy has been appointed investment director to strengthen the fund manager's distribution ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
The Association of Financial Advisers has hit back at the Quality of Advice Review submissions from Choice and Industry Super Australia, saying their recommendations are harmful to the sector. Starting with Choice, the AFA said the consumer body's submission ...