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Showing 691 - 700 of 2059 results for "BID"

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... subjected to churning are identified and remediated. It will also expect AMP to formulate a forward looking compliance plan in a bid to prevent rewriting conduct in the future and improve training and supervision of advisers. Acknowledging the court ...

Board departure at Sargon subsidiary

KANIKA SOOD  |  MONDAY, 3 FEB 2020
In another board departure, Sargon subsidiary Tidswell has bid farewell to a board director who chaired the investment committee. Stephen Miller flagged his intention to resign from the trustee board and his committee roles with Sargon in December 2019 ...

Wealth manager makes senior appointment

ALLY SELBY  |  MONDAY, 3 FEB 2020
... firm announced it had closed its Dixon Projects business in Australia, cut 100 jobs and scaled back its US-based fund in a bid to cut costs. David Evan's Evan & Partners merged with Alan Dixon's Dixon Advisory in 2017, and floated soon after in 2018. ...

Overhaul bites Deutsche Bank bottom line

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... billion, as well as severance expenses of €805 million. Chump change, considering the bank made 18,000 people redundant in a bid to save €6 billion by 2022. Deutsche Bank said the losses were in line with expectations. "All these transformation-related ...

First State Super acquires rental properties

ALLY SELBY  |  THURSDAY, 30 JAN 2020
First State Super has acquired 55 rental units six kilometres from Melbourne's CBD in a bid to improve housing affordability for nurses, police and firefighters. The rental properties will be offered to healthcare, aged care, disability services ...

US firm makes second bid for Aussie fund

ELIZA BAVIN  |  THURSDAY, 30 JAN 2020
A US-based investment giant has made a second bid for an Australian property fund with a $485 million takeover offer. Starwood Capital made the all-cash offer at $2.98 per unit for Australian Unity Office Fund (AOF) over a year after its first failed ...

Listed fund manager plots expansion

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... leading funds management platform in the Australasian region. Centuria Capital Group has launched a $174 million takeover bid for Augusta Capital, one of New Zealand's largest listed real estate fund management platforms, with around $1.9 billion in ...

SMSF platform makes $25m acquisition

ALLY SELBY  |  TUESDAY, 28 JAN 2020
An ASX-listed SMSF technology platform has dropped $25 million on its first acquisition, in a bid to reinforce its position as a technology leader. Class will acquire all of the shares in corporate compliance and documentation platform NowInfinity by ...

Chief economist update: Happy New Year rat

BENJAMIN ONG  |  MONDAY, 20 JAN 2020
"Gong xi fa cai"! China celebrates its lunar new year on January 25 this year, bidding farewell to the "pig" and welcoming the 'Year of the Rat'. Beijing has every reason to be optimistic. Derogatory as it may seem to be called "a rat", this ...

Chief economist update: Aussie Black Friday spend will end Saturday

BENJAMIN ONG  |  MONDAY, 13 JAN 2020
... mention engage in quantitative easing, anymore. More so, given that the Morrison government - forgive my cynicism but in its bid to remain in government - has all but ditched its commitment to a budget surplus. "The surplus is of no focus for me whatsoever. ...