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Showing 821 - 830 of 6790 results for "Profit"

Besen-backed firm buys babywear group

CHLOE WALKER  |  THURSDAY, 11 AUG 2022
Arcus Partners, backed by Daniel Besen's family office, has acquired Snuggle Hunny Kids. The acquisition, made for an undisclosed amount, is a first for the Melbourne-based firm, which focuses on a collaborative approach to realise the potential ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
Despite seeing its net half-year profit drop about 25%, AMP has commenced a $350 million buyback and plans to return a further $750 million to shareholders. Releasing its first-half results this morning, AMP said it has made significant progress towards ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
National Australia Bank's (NAB) latest business survey reported business confidence has risen above average levels and conditions have strengthened. Business confidence bucked a trend of steady monthly declines, rising seven index points. NAB called ...

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
MLC Life Insurance has said the Quality of Advice Review (QAR) should focus on how to ensure Australians can access financial advice, regardless of their wealth. Ahead of Michelle Levy's draft report due later this month, MLC Life said it believes ...

Berkshire posts $53bn investment loss

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
Berkshire Hathaway has reported a US$53 billion loss on its investments during the quarter. However, Berkshire Hathaway's quarterly report explained that unrealised gains and losses arising from changes in market price of investments in equity securities ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... Organisation for Economic Cooperation and Development (OECD)'s recommended approach under Action 4 of the Base Erosion and Profit Shifting (BEPS) program. It also looks to introduce a new rule limiting MNEs' ability to claim tax deductions for payments ...

Philanthropist fund unveils new NFP partners

CHLOE WALKER  |  MONDAY, 8 AUG 2022
... health issues, warning that Australia's current funding of mental healthcare is "not working". Comprising of 14 non-for-profit partners, the social investment strategy aims to counter the alarming rise in the rates of ill mental health, self-harm and ...

BetaShares launches Metaverse ETF

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
BetaShares has today launched a Metaverse ETF on the ASX, adding to its thematic fund offering. A company issued statement called the BetaShares Metaverse ETF (MTAV) an Australian first. It aims to track the Bloomberg Metaverse Select Index and currently ...

Increased scale drives Diverger results

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
... pleasing organic growth were major factors in the firm's positive full-year results. Diverger reported a 26% increase in net profit after tax and a 9% jump in net revenues to over $30 million. Jacobsen said the reasons behind positive returns were simple. ...