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Showing 891 - 900 of 6260 results for "Cash"

Australian dividends surge in 2022: Report

CASSANDRA BALDINI  |  WEDNESDAY, 1 MAR 2023
... prospects for dividends. Inflation, the extent of further rate hikes, and geopolitical risks all cloud the horizon. Corporate cash flow will come under pressure both from lower levels of demand and from the higher cost of servicing loans, limiting the ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... by asset managers as more than half (53%) of savings is invested in this asset class. This is followed by fixed income and cash, which account for 19% and 9.5% of asset allocations respectively. Contributions reached $154.4 billion over the year, an ...

HESTA investment committee chair to depart

CASSANDRA BALDINI  |  TUESDAY, 28 FEB 2023
... tenure. This includes the building of an internal team initially to manage Australian equities and now fixed interest and cash. Burgess also helped oversee landmark investment decisions, including the development of HESTA's first Climate Change Transition ...

Economic landscape spurs advice model rethink

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Economic uncertainty is forcing financial advisers to rethink their business models as they broaden their remit outside of traditional of investment management and administration. Insights from Desktop Broker in the newly released paper, Advice trends ...

Countplus grows advice arm, discontinues Wealth Axis

JAMIE WILLIAMSON  |  MONDAY, 27 FEB 2023
... while gross business earnings grew 55% and gross business earnings per adviser were up 58%. The business recognised a non-cash impairment of $1.4 million owing to the discontinuing operations of Wealth Axis. In May 2021, Countplus acquired 51% of Wealth ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... technology firm, will purchase ClearView's managed investment business. In turn, ClearView will receive $1.3 million in cash and acquire a 40% stake in Human Financial. For the half-year 2023 reporting period, the wealth management unit earned $10.9 ...

Minutes show RBA considered 50bp rise

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... increase was stronger and that prior increases should largely address the factors considered. As such, the board increased the cash rate target to 3.35% but noted the forecasts for output and inflation were prepared on assumptions the cash rate will ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... Link said it will not receive any net proceeds from the sale of Fund Solutions and would take a hit of $449 million as a non-cash impairment charge in its half-year 2022 results. "If a settlement is agreed with the FCA, it would resolve the current FCA ...

AOF sells Sydney property for $80m

JAMIE WILLIAMSON  |  FRIDAY, 17 FEB 2023
... sale is expected to settle in March and, upon completion, will leave the AOF with no drawn debt and more than $40 million cash. "This strong balance sheet provides a platform to continue to advance AOF's near term priorities, including progressing refurbishment ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... George added that Magellan remains a "business of considerable financial strength." "Our strong balance sheet, operating cash flows and profitability provide us with the ability to continue to pay dividends within our policy of 90-95% of funds management ...