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Showing 901 - 910 of 6745 results for "Profit"

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
Not taking a hike "It's not time to make a change Just relax, take it easy..." -Cat Stevens, Father and Son The curse du jour that is rising inflation has raised volatility in the bond and equity markets by virtue of the anticipated central bank ...

Boutique recruits portfolio manager

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... graduate in the global markets division. Wilson is currently a member of the finance committee at Bayley House, a not-for-profit that helps adults with intellectual disability. "The appointment of James is another important investment in our business ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Westpac reinforced its plan to simplify and said it expects to see costs reduce in the year ahead. Having reported a net profit of $5.5 billion, the Finance Sector Union said the bank's efforts to reduce costs "means further job cuts to come". "Westpac ...

Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
Did the Reserve Bank of Australia (RBA) jump or was pushed by the bond market to scrap its target to keep the April 2024 Australian government bond yield at 10 basis points. The answer to this question becomes important because it would dictate future ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... future fines. Following changes to the Superannuation Industry (Supervision) Act in response to the Royal Commission, many profit-to-members funds will have to restructure the way they pay penalties. As these funds do not have pools of shareholder capital ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. Meanwhile, revenue declined 2.2% and net interest margin also dropped ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
Pendal reported a 41.5% jump in net profit after tax to $164.7 million in the year ending September, making up for the losses in its previous results. The funds management firm also recorded a 34.6% spike in revenue to $627.4 million and average funds ...

Longwave hires portfolio manager from IFM

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... Longwave in 2018, backed by Pinnacle, which owns 40% of the fund manager. ASX-listed Pinnacle reported a 108% increase in net profit after tax to $67 million at the end of June 2021. Its affiliates' total funds under management stood at $89.4 billion ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... and adviser connection into the future." AMP started as Australian Mutual Provident Society in 1849, providing not-for-profit life insurance before demutualising and listing in 1998. The company is exiting life insurance after a 171-year history of life ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
Westpac reported a whopping 138% jump in statutory profit to $5.5 billion in its full-year September 2021 results. The bank attributed the earnings jump to a combination of turning around impairment charges and growing its mortgages, institutional and ...