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Showing 61 - 70 of 364 results for "divestment"

Clime completes Madison Financial sale

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... for advisers with minimal disruption to their business, and strategic partnership opportunities for the parties. The divestment also positions Clime for profit improvement in FY25, with normalised profits of approximately $500,000 and streamlined operations ...

Dexus sells three assets for $383.2m

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
Dexus has announced that it has unconditionally exchanged contracts to sell three assets for a combined $383.2 million. The assets include a 50% interest Dexus held in 5 Martin Place, Sydney for $296.2 million, in which its 25% share was $148.1 million ...

ANZ dumps remaining stake in AmBank

ANDREW MCKEAN  |  FRIDAY, 31 MAY 2024
... points gained from the sale of the initial 16.5% block of AmBank shares in March. Earlier this year, ANZ said that divestment released $668 million in capital, which was returned to shareholders through a $2 billion on-market share buy-back. However ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... AMP's aggressive simplification program which has been in play since the Hayne Royal Commission and led to the divestment of several business units, including AMP Capital and SuperConcepts. "For executives, as part of the transition to a leaner organisational ...

Charter Hall acquires stake in hotel REIT

KARREN VERGARA  |  TUESDAY, 2 APR 2024
Charter Hall Group is paying $96.9 million for a stake in a REIT that invests in hotels, pubs, and motels across Australia. The joint venture between Charter Hall and its Charter Hall Retail REIT (CQR) bought the 14.8% stake in Hotel Property Investments ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... transaction finalises in April and will ultimately be used to retire debt. Iress chief executive Marcus Price said the divestment is in line with its strategy of refocusing on core businesses of wealth, trading and market data, and superannuation. Iress ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
Sequoia Financial Group reported an "abnormally high" net profit after tax (NPAT), coming in 4317% higher than the prior corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... and the sale of the Platform business is on course for completion by April 30. Additionally, Iress has initiated the divestment of its Mortgages business in the UK, attracting strong buyer interest. Further, the separation of product and technology operations ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
The property giant recorded a net loss of $597.2 million, but also managed to secure $9 million in trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... resulted in over 6.5 million refugees. ART, AustralianSuper, Hostplus, and Cbus were the first of many to pledge full divestment of Russian assets. Active Super, on the other hand, landed in hot water last year for greenwashing claims, allegedly telling ...