Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 861 - 870 of 3878 results for "February"

ME Bank acquisition receives green light

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... treasurer approved BOQ's takeover of ME Bank from 26 industry superannuation funds today. The acquisition was flagged in February 2021 with a price tag of $1.325 billion. The transaction will be fully funded via an equity raise. ME Bank chief executive ...

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... and each director intends to vote all their shares in favour of the scheme. MIRA had previously made a bid for Vocus in February before Aware Super joined the deal later that month. Back in March, Vocus agreed to the scheme implementation deed. At the ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... annual growth in industrial production slowed to 8.8% in May from 9.8% in the previous month, 14.1% in March and 35.1% in February. Again, this is less than market expectations for a gentle slowing to a 9.2% year-on-year rate. Three for three. China's ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... 2020. The ABS said the unemployment rate fell to 5.1%, which was below March 2020 (5.3 per cent) and back to the level in February 2020 (5.1%) - lower than expectations for an unchanged print at 5.5% and the seventh straight month of decline in the jobless ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... IHS Markit Eurozone PMI composite index increased to a reading of 57.1 in May from 53.8 in April - the highest since February 2018 and the third straight month indicating expansion. The manufacturing sector recorded its highest level on record with a ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... review in December 2019 but didn't publish new guidelines until April 2020. Monash received all relevant approvals by February 2021 after working with the ASX and ASIC. Shareholder approval was the next step and 99.98% of shareholders voted in favour ...

Hostplus holds on to MySuper top spot

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
... (19.4% each) and TWUSuper (19.1%). In last year's market turmoil, MySuper products took a beating. Median returns for February and March 2020 stood at -3.3% and -9.5% respectively. However, funds have continued to pare back losses in the strong rebound. ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... surged to a record high reading of 26 in April from the already above long-term average readings of 17 in March and 19 in February (long-term average is 6). Note that the survey was taken after reports of delays in Australia's vaccine roll-outs and ...

BlackRock wins monumental mandate

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
... members. The mandate follows British Airways Pension being forced to defer more than $820 million in pension payments in February last year after COVID-19 impacted air travel. Prior to the deferment, British Airways Pension was already dealing with a ...

How noise impacts trading performance

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 JUN 2021
... during a period of extreme volatility. "If you think about what the markets were like pre-COVID, from November 2019 to February 2020, we knew COVID was out there, but the markets didn't think it was a big deal, and volatility was low," Doran said. "The ...