The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 81 - 90 of 364 results for "divestment"

Praemium reports strong growth in FY23

CHLOE WALKER | TUESDAY, 29 AUG 2023

Praemium has reported an uplift in business performance following the divestment of its international business. Reporting to the ASX today, Praemium posted a 23% uplift in underlying earnings before interest to $23.4 million, compared to the $19.1 million ...

ClearView reset pays dividends

KARREN VERGARA | WEDNESDAY, 23 AUG 2023

... capability, is starting to deliver benefits and growth through efficiencies, productivity gains and scale benefits. The full divestment of the wealth management business is still underway. In February, ClearView announced it will sell ClearView Financial ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN | WEDNESDAY, 23 AUG 2023

... legroom ahead of the demerger of its AMP Capital Private Markets division. AMP chief executive Alexis George said: "This divestment brings to a close our long and proud involvement in life insurance in Australia and New Zealand. It enables us to realise ...

Earnings, profits down at Charter Hall

CHLOE WALKER | MONDAY, 21 AUG 2023

The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI | MONDAY, 21 AUG 2023

... business to SS&C Technologies for $52 million. Proceeds from the sale will be used to pay down debt, with platform divestment a key part of Iress' refreshed strategy, originally announced in April, allowing it to focus on core business. Iress acquired ...

Dexus reports $752.7m loss

CASSANDRA BALDINI | WEDNESDAY, 16 AUG 2023

Reporting its annual results to the ASX, Dexus has taken a $752.7 million hit, primarily driven by unrealised valuation losses on its investment properties. In its FY23 results, Dexus disclosed that adjusted funds from operations stood at $555 million. ...

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN | TUESDAY, 15 AUG 2023

... investment. It will also incur costs associated with the exit, including continuing to fund operating losses until the divestment is complete. "As advised in a market announcement on June 22, the regulatory environment continues to intensify, structural ...

AMP provisions $50m in response to class action

ANDREW MCKEAN | THURSDAY, 10 AUG 2023

... decline from the $469 million observed in 1H22. The previous corresponding period's figure was bolstered by the divestment of AMP's International Infrastructure Equity, Domestic Infrastructure Equity operations, and SuperConcepts. Regarding its ...

Charter Hall REIT cops $198m loss

KARREN VERGARA | TUESDAY, 8 AUG 2023

... valuations. "We have delivered on our strategic objective to further strengthen DXC's capital position via an expanded divestment program, executing on $52.3 million5 of disposals at attractive pricing for our investors," he said. "This reflects ...

Link Group to cop $418m loss

JAMIE WILLIAMSON | THURSDAY, 3 AUG 2023

... completes in FY24. Link added that its results will also be impacted by a gain of about $407 million related to the divestment of PEXA, a non-cash impairment of -$368 million on Link Fund Solutions, a non-cash impairment of -$25.3 million on Banking ...

PAGE:

BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

Videos

Brought to you by

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Follow the leaders

The market has changed. The opportunity hasn't.

A guaranteed future

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Maintaining a fundamental focus in a world obsessed with the short term

Strength amid noise

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE