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

Search Results

Showing 891 - 900 of 3268 results for "January 29"

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
There's good news and bad news in the US labour market report for July. First, the good news: The US Bureau of Labor Statistics (BLS) reported that total non-farm payrolls rose by 1.8 million in July - more than market expectations for an increase ...

Perpetual launches two ESG funds

KANIKA SOOD  |  FRIDAY, 7 AUG 2020
Perpetual Investments has launched two ESG global equities funds from Trillium for the Australia and New Zealand market. The first, Trillium ESG Global Equity Fund hold 70-150 stocks, excluding fossil fuels and integrating ESG research. Perpetual has ...

BGH Capital closes in on theme park deal

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
Private equity firm BGH Capital has entered into an implementation agreement with Village Roadshow to acquire control by two terms of arrangement at up to $2.45 per share. Under Structure A, shareholders will be entitled to $2.20 a share, plus an additional ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
IOOF has sold its minority shareholding in Australian Ethical for $74.5 million. In an announcement to the ASX, IOOF said it has sold 14.2 million shares in Australian Ethical, reducing its stake to approximately 5.5 million shares. That reduces IOOF's ...

CalPERS chief investment officer resigns

JAMIE WILLIAMSON  |  FRIDAY, 7 AUG 2020
The $565 billion pension fund is on the hunt for a new investment chief following the resignation of Yu (Ben) Meng. Meng was appointed to the lead investments role in January 2019 and, last financial year, achieved a return of 4.7% - beating its 4.3% ...

Dealmakers hold off investing in Australia

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
Merger and acquisition activity has come to a grinding halt as dealmakers are struggling to get access to finance in addition to regarding delays in governmental approval for foreign investment, according to the latest research from Pitcher Partners. ...

OneVue to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
OneVue will file court proceedings against Taiping Trustees to assert its right to about $9.4 million sale proceeds of Madison Financial Group and Sequoia shares. The ASX-listed company said its preference is still to resolve the matter out of courts ...

Adviser jailed over $2m Ponzi scheme

JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use. Graeme Walter Miller of Myocum, New South Wales was sentenced on July 31 after pleading guilty to ...

SelfWealth awards brokerage mandate

ALLY SELBY  |  TUESDAY, 4 AUG 2020
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo. The agreement ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
An announcement from the Financial Services Council (FSC) that life insurers would keep their COVID-19 support measures in place until the end of the year doesn't go nearly far enough, a lawyer has said. As part of the insurance response to COVID-19 ...