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Showing 741 - 750 of 6257 results for "Cash"

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... worth $330,000. In 2020, it issued a further 3.8. million units at 21 cents for $800,100. Sequoia also paid $1.05 million in cash upfront. The announcement comes amidst Sequoia reporting a difficult 2023 financial year thanks to financial advice-related ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... notably, in the housing market, he said. Culling said the result likely provides the RBA with further reasoning to keep the cash rate steady at 4.10% at its September meeting. "The Australian economy appears to be traversing the 'narrow pathway' ...

Madison acquisitions strengthen top line

KARREN VERGARA  |  THURSDAY, 31 AUG 2023
... ASX-listed group's top line over the period. However, the group made a $1.9 million net loss as a result of a $1.5 million non-cash amortisation and depreciation charges. It posted a profit of $98,490 in FY22. MTIS, which is now part of Clime Private ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... decisions about key strategic issues, particularly with respect to replacing CHESS, until they are communicated to the ASX Cash Equities Clearing and Settlement Advisory Group or Advisory Group. The Advisory Group will in turn provide any recommendations. ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... sustainable growth option will amplify its international equities asset allocation from 40% to 48%. Australian equities and cash holdings will stay the same, while exposure to property, infrastructure, and alternatives will be slashed. The fund also ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... it had $413.4 million invested in PIMCO funds, which includes $393.7 million in interest securities and $19.7 million in cash. Life insurance net-profit after tax rose 38% year on year to $40.4 million. ClearView's 24.4% holding in Centrepoint earned ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... use of the funding will be disclosed once the facility is set up, it said. A combination of the loan, its balance sheet and cash position will assist the group in completing future transactions, a strategic focus which has been in the pipeline over the ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... culminated in AMP selling its aforementioned businesses to Resolution Life for $3 billion. The sale comprised $2.5 billion in cash and a $500 million equity interest in Resolution Life, equivalent to a 19.3% stake. The board backed this decision, citing ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... buy-back program on September 11 with shares to be bought back over a 12-month period. The buy-back will be funded from existing cash reserves and the current intention, it said, is that the maximum value of shares bought back will be approximately $50 ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... client. Other than admin fees, we look at transaction fees, holding fees of different types of assets, interest earned on cash, and family linking benefits," Peker said. SuitabilityHub is currently linked to the major platforms and boutique providers. ...