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Showing 861 - 870 of 4820 results for "Big 4"

ASIC issues stark warning to retail investors

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 MAY 2020
ASIC has issued a strongly worded warning to those trying to profit from the COVID-19 induced market volatility who are not investment professionals. The regulator released a 14 page paper on how investors are trading in securities and contracts for ...

Platform bolsters distribution, relationships teams

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
An asset manager and platform with ambitious growth plans has made key appointments, growing its relationships and distribution teams. Mason Stevens has appointed Charlie Green, a former financial adviser at Kearney Group, to manage client relationships ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

Aussie analysts share COVID-19 investment tips

ALLY SELBY  |  THURSDAY, 30 APR 2020
With global markets rocking one way and the other in the last two months, it's not too far a stretch to imagine investors are feeling a little seasick, or at the least dumbfounded. Despite a recession knocking on the world's door, investors ...

Future Fund not buying the oil dip

KANIKA SOOD  |  THURSDAY, 30 APR 2020
Oil prices crashed to record low last week but Australia's $162 billion sovereign wealth fund says it has no plans to buy the dip. Last Monday, immediate contracts for WTI crude fell into the negative territory. The drop prompted the US government to ...

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
Pandemic, crisis, unprecedented; these are some of the terms that have been filling up our newsfeeds, but is this really such a big deal? Everyone has heard the phrase 'don't let the solution be worse than the cause' and many people think this is worth ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
COVID-19 will shave off more than $3.5 billion from the banking and finance industry in lost wages and profits in the four months to July, according to Deloitte Access Economics. Deloitte Access Economics Partners partner Chris Richardson estimates ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
ANZ has announced a 51% reduction in profits for 1H20 compared to last year as it defers its interim dividend awaiting greater clarity of the impact COVID-19 will have. The big bank's half-year results show a statutory profit after tax of $1.55 ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
Economic experts are calling on the government to commit to "gargantuan" fiscal stimulus measures, amounting to at least 15-20% of Australia's GDP per year for the next two to three years. Anything less, they argue, will run the risk of a debt-default ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
UBS estimates that it may take over three years to return to 2019 dividend payouts due to COVID-19 related cuts and suspensions. UBS equity strategist Pieter Stoltz said, based on UBS forecasts, market earnings per share (EPS) will not return to financial ...