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Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... have recently hit record highs." Household spending fell 0.2% detracting 0.1 percentage points from GDP growth. Meanwhile, total investment fell 0.1% in the June quarter. In the private sector, new machinery and equipment fell 1.6%, driven by reduced ...

Fitzpatricks appoints new chief

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
... of the wealth group, commencing in the role on August 14. Blackledge stepped down after four years in the top job and a total of six years with the group. She started out at Fitzpatricks as chief financial officer and chief operating officer. She was ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN  |  TUESDAY, 3 SEP 2024
... government was finalising the rollout of 60 day dispensing with additional medicines being made available, bringing the total to almost 300. "We're indexing payments for people on Jobseeker, the age pension, disability support pension, carer payment ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... Iervasi was the sole director of the business throughout the period and was charged in December 2021 for fraud offences. The total net loss to victims is estimated to be about $54 million. He pleaded guilty to the following charge s in November 2022 ...

Australian ETF market hits $206bn: Global X

MATTHEW WAI  |  MONDAY, 2 SEP 2024
... shares and bond ETFs were among the most popular asset classes for Australian investors, representing 55% and 37% of the total market net flows in 2023, respectively. This is a result of investors turning to a more "risk on" position. Marc Jocum, product ...

Betashares completes Bendigo Superannuation acquisition

KARREN VERGARA  |  MONDAY, 2 SEP 2024
... manager of $1.4 billion of super assets for 19,000 members. Betashares and ASX-listed Bendigo Bank declined to confirm the total consideration for the super business. Bendigo Superannuation was the trustee and issuer of Bendigo SmartStart Super and Bendigo ...

Count reports strong results on back of Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... and expertise to all accountants and financial advisers." Count declared a final dividend of 2.25 cents per share, with a total FY24 dividend per share of 3.75 cents, fully franked.

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... full-service FUA-based advice offering. It made an underlying EBITDA of $17.5 million, up 34% year on year. The group's total revenue sank 15% year on year to $150.5 million, while it made a $29.4 million loss largely due to a non-cash goodwill impairment ...

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... in FY24. The company achieved record investment bond sales of $657 million, up 28% in FY24. LifeIncome, meanwhile, has a total FUM of $33 million, an increase of 104% for the year, and $17 million in sales for the period. "GDG is confident that the current ...

J.P. Morgan lands custody services mandate with industry fund

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... order to support their growth and evolving needs." As previously reported by Financial Standard, J.P. Morgan ranked first by total assets under custody for Australian investors, growing its assets under custody by 11% to $1.2 trillion between 31 December ...