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Showing 811 - 820 of 6744 results for "Profit"

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
The chief executive of DWS Group is leaving the group next week, having resigned citing the ongoing allegations of greenwashing by the investment giant. DWS announced overnight that Asoka Woehrmann has decided to resign following the company's annual ...

Pandemic created a new billionaire every 30 hours: Oxfam

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... Five of the largest energy companies in the world (BP, Shell, TotalEnergies, Exxon and Chevron) are together making $2600 profit every second, and there are now 62 new food billionaires. Oxfam is calling for governments to introduce a range of measures ...

Income Asset Management wins mandate

JAMIE WILLIAMSON  |  TUESDAY, 24 MAY 2022
The ASX-listed investment group will oversee $160 million in bond holdings for a not-for-profit. Income Asset Management (IAM) said the tender was awarded following an competitive tender process, with the unnamed NFP joining more than 45 other organisations ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... working with APRA to expedite the appointment of another director. NESS Super acknowledged the action taken by APRA. "As a profit-to-member super fund, NESS Super has the best financial interests of members as our core purpose. As such, the trustee's ...

CEW push for more women leaders

MICHELLE BALTAZAR  |  FRIDAY, 13 MAY 2022
... and all solutions," she said. Founded in 1985, CEW has advocated for gender balance in government, business and not-for-profit sectors. Proceeds from the event will go towards providing more scholarships for women to take on senior leadership roles. ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... organisation saw merit in the industry receiving tailored guidance from APRA. Though notably, as a representative body for the profit-to-member superannuation sector, the AIST submission was limited to matters that regarded its own member funds. The ...

Pendal sees profits rise, to focus on costs

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
... Group has flagged it will turn its attention to cost management as it reports an 8% lift in profits. Pendal's statutory net profit for the six months to March 31 has jumped to $96.7 million, up from $89.9 million in the prior corresponding period. Its ...

Magellan offloads GYG stake

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... Barrenjoey intends to seed an investment trust comprising high-net-worth individuals. The sale price represents a 36.3% profit on the initial investment, or $34 million pre-tax. Magellan only acquired the stake in January last year; it also owns 40% ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... The world of retiree super - traditionally the domain of retail funds - is now overwhelmingly controlled by the not-for-profit sector, new research shows. About 60% of all retiree superannuation savings is now held in NFP funds, Rainmaker analysis of ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
Woolworths has terminated the $4 billion corporate super mandate it had with AMP, instead appointing Australian Retirement Trust to manage 30,000 employees' superannuation. In a Q1 2022 assets under management and cashflows update to investors ...