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Showing 871 - 880 of 22056 results for "Business"

Perpetual flags 'uncertainty' over wealth management sale

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... took a slight hit in underlying profit after tax - down 1% to $204.1 million - flagging outflows in the asset management business and a softer performance in wealth management due to "uncertainty" surrounding its ownership. Despite the uncertainty, Perpetual ...

Count sees $5.1m cost synergies from Diverger integration

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
Count has delivered positive earrings in FY25 seeing increases across all segments of the business. Revenue rose 28% to $143.6 million, underlying EBITA increased 67% to $27.7 million, statutory EBITDA was up 144% to $24.9 million and NPAT was up 89% ...

Perennial Partners takes stake in boutique fund manager

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
... Ziller founder and chief investment officer Joseph Ziller, along with other parties, will hold the other 50% equity in the business, Perennial confirmed. More recently, Perennial onboarded the Future of Healthcare Investment fund from Australian Unity ...

Aware Super invests in $1bn venture

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
Aware Super has partnered with European fund manager Equitix and the UK National Wealth Fund (NWF) to invest $1.04 billion (£500m) in a UK battery storage platform. Led by Equitix, the consortium will fund Eelpower Energy to build, own, and operate ...

Australian Ethical FUM approaches $14bn

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
... cents, up from 16.44 cents in FY24. Australian Ethical managing director John McMurdo said he is proud of the growth the business has achieved over the past five years. "I'm particularly pleased that the investment performance over the period has ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
ASIC is targeting the perfect storm of declining public market listings, booming private markets and the growing influence of superannuation funds as key enforcement priorities over the next four years, insisting that it is not sitting on the sidelines. ...

Revolution private credit trust to launch on ASX

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... companies such as Colonial First State, Arnott's and Lumus Imaging. The portfolio excludes property development and small business lending. The Private Debt Fund II had 54 loans at the end of June with an average expected life of the portfolio being ...

Invesco sells intelliflo to Carlyle Group

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... intelliflo to Carlyle Group for US$200 million. Carlyle will spin off intelliflo's US-based subsidiaries as a standalone business called RedBlack, to be run by a separate management team. intelliflo will then focus on the UK and Australian markets ...

Commonwealth Super delivers 'resilient' performance for FY25

MATTHEW WAI  |  WEDNESDAY, 27 AUG 2025
Commonwealth Superannuation Corporation (CSC) posted its FY25 results, saying it continues to meet its objectives for members. The super fund delivered 10.6% for its default PSSap MySuper Balanced option, designed for Australian government employees ...

Performance test review to allow funds to 'innovate'

ELIZA BAVIN  |  WEDNESDAY, 27 AUG 2025
... compulsory system, we have measures of performance. The performance test has been an important part of the way super does business for half a decade now, it exists as a tool to help members make good decisions about where to put their money and to ensure ...