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Showing 691 - 700 of 6261 results for "Cash"

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... was smaller and cut shorter by intense competition for lending and deposits," said Garland. "Despite a 400bps increase in cash rates from the start of the tightening, margins rose only 11bps for the year as a whole and actually fell 7bps in the second ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
In its full-year 2023 results, ANZ declared a cash profit of $7.4 billion, up 14% on the previous year. The big four bank said its proposed final dividend for 2023 also increased to 94 cents per share (cps), consisting of an 81 cps dividend partially ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... showed particular interest in government bonds and private debt, ranking these as their top two areas of focus. Meanwhile, cash and short-term fixed interest saw the biggest decline, with 23% looking to decrease allocation, followed by global high yield ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... low unemployment, stimulatory fiscal policy, and government wages policy which is adding to inflation. "The RBA hiked the cash rate in November by 25 basis points to 4.35% as widely expected," the report said. "Our expectation of the RBA's reaction function ...

GQG's PAC acquisition attempt hits snag

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... Capital imposes its own conditions and a lower offer price. River Capital has undercut the original $11 offer to be paid in cash for very PAC share via a scheme of arrangement as proposed in a letter dated November 7, PAC's board of directors said, adding ...

Prime Value launches retirement living fund

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
Prime Value Asset Management is launching its second fund that invests in retirement villages targeting sophisticated investors in mid-November. The Prime Value Retirement Living Fund 2 will invest in four properties based in Victoria that have about ...

Betashares to bring Cash Flow Kings ETF to market

JAMIE WILLIAMSON  |  FRIDAY, 10 NOV 2023
An ETF focused on companies generating free cash flow is in the works at Betashares, expected to launch later this month. The Global Cash Flow Kings ETF (CFLO) will provide exposure to a portfolio of 200 global companies, not including Australia, that ...

Magellan cops first strike for remuneration

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... including its "strong financial position" and "track record of profitability and paying good dividends, strong operating cash flows and an extremely robust and strong balance sheet." "We also continue to have careful risk management and strategic decision ...

Centrepoint Alliance acquires Financial Advice Matters

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... financial advice group with the scale to further expand in other locations. The entire prospective amount of $10 million in cash will be financed through Centrepoint Alliance's current cash reserves and a recently established $10 million debt facility ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... remains in a "strong financial position" with "a track record of profitability and paying good dividends, strong operating cash flows and an extremely robust and strong balance sheet". "We also continue to have careful risk management and strategic decision ...