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Showing 901 - 910 of 6263 results for "Cash"

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 ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... drop from $142.3 billion to $124.2 billion, impacted by investment markets but also due to advice and superannuation net cash outflows of $5.3 billion, including $2 billion in pension payments. The division, which comprises platforms, master trust and ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based payments, was $47.4 million, up 8.1% to the pcp. Funds under management (FUM) was $14.4 billion, up 10.4% from ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... FirstChoice Fund and Commonwealth Essential Super invested in in-house products. It also affected members in the FirstWrap Pooled Cash Account who earned lower interest rates well below the market so that for CFSIL could retain the margins for its own ...

Recession risk for Australia minimal: Forum

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... target range to close out the year." Inflation hit a whopping 7.8% at the end of 2022, spurring the RBA to ratchet up the cash rate even further. After a long hiatus at 10 basis points, the cash rate grew to 3.35% in February in the space of less than ...

Things to watch this reporting season: Morningstar

ANDREW MCKEAN  |  MONDAY, 13 FEB 2023
... surmises that this approach is especially critical for investors in valuing stocks in the current economic climate. Discounted cash flow models can also be very helpful in cutting out the short-term noise by focusing on the underlying, long-term outlook ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... target and will do what is necessary to achieve that," he said. Responding to the RBA announcement, UBS economists said the cash rate hike was expected. However, the RBA took a more hawkish stance compared to their last meeting, contrary to UBS's dovish ...

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
The Reserve Bank of Australia (RBA) is widely tipped to lift the cash rate by 25 basis points today to fight ongoing inflationary pressure. According to HSBC chief economist Paul Bloxham, inflation is too high and there's yet to be clear evidence ...