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Showing 701 - 710 of 4674 results for "Andrew"

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
Bell Financial Group posted a net profit after tax of $16.6 million for the half year to June 30, a 50% increase on the prior corresponding period, while revenue rose to $138.7 million, up 18.3%. The diversified financial services and wealth management ...

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
GQG Partners' funds under management (FUM) has climbed to a record US$155.6 billion, marking a 49.5% increase over the last financial year, driven by strong net inflows and global equity market gains. The fund manager reported net flows of US$11.1 billion ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... $27.8 billion, up 94.8% from FY23 and was primarily driven by dual listings on our market," ASX chief financial officer Andrew Tobin said. "We are starting to see signs of a return of IPO activity with the listing of Guzman y Gomez being a recent high-profile ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... active equities investment lead Morry Waked. It has paid $138 million in cash for the stake, and Magellan executive chair Andrew Formica will now join the Vinva board. Magellan said it expects the acquisition will immediately contribute to profits, as ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Although fundraising for APAC private debt funds has faced challenges in recent years, Preqin says the market is "ripe with opportunities." Fund managers that overcome challenges related to investor perception and risk management can succeed in the ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... cash rate doesn't align with the board's current thinking". Bullock's statement was echoed by deputy governor Andrew Hauser while addressing the Economic Society of Australia on Monday, going as far as calling those claiming to know-it-all ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... an on-market buy back of $20 million, and plans to reinstate dividend payments once sustained profitability is achieved. Andrew Russell was appointed on July 28 as group chief executive to stabilise the firm, which has gone through three chief executives ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Challenger reported a normalised net profit before tax (NPBT) increase of 17% to $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT ...