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Showing 1 - 10 of 1658 results for wednesday

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... products. "The cash proceeds from this termination will be paid directly to your nominated bank account on file on or around Wednesday 3 April 2024," Pendal wrote. "We also expect that the termination of the Fund will result in a final distribution of ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... invest in companies he owned without a financial services licence. ASIC commenced proceedings in the Federal Court on Wednesday, alleging David Paul Hodgson of the Sunshine Coast provided unlicensed financial services and made misrepresentations to investors ...

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... said. Elsewhere abroad, as anticipated, the US Federal Reserve also held its policy rate steady following its meeting on Wednesday. However, in response to significantly lower inflation, the Fed abandoned previous guidance that left the door open for ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... over part of ClearView's stake in Centrepoint Alliance (CAF) for $13 million. After dumping its bid for Diverger on Wednesday, COG has purchased approximately 39.56 million CAF shares at 33 cents per share from the insurer, using a combination of ...

VBP adds to leadership team amid Elixir acquisition

CASSANDRA BALDINI  |  FRIDAY, 10 NOV 2023
... Partners (VBP) has established new positions within its leadership team following its acquisition of Elixir Consulting. On Wednesday, VBP revealed it would buy a 100% stake in Elixir Consulting, purchasing the company from founder and managing director ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... through which monetary policy influences demand and curtails inflation in Australia. Kent told Bloomberg's office on Wednesday that the cash-flow channel is the "obvious way" in which monetary policy is transmitted to aggregate demand and inflation in ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... target band." However, it's difficult to determine whether the data is soft enough for the RBA to pause again next Wednesday. "Our central case has another 25-basis point hike from the RBA pencilled in for Q4 2023," Bloxham said. "We do not think ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... remuneration increase was during the annual general meeting in October 2017, when the cap rose from $500,000 to $750,000. On Wednesday, Magellan also reported net outflows of $300 million for August; comprising $400 million in retail outflows, partially ...

Macquarie flags asset management challenges

CASSANDRA BALDINI  |  THURSDAY, 7 SEP 2023
... Macquarie's share price took a hit and started to slide from its $176.47 market close on Tuesday to $170.21 market close on Wednesday. It continued to sink to a low of $170 at market open this morning and has since shifted to $171.16 at the time ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... put that together with other indicators of strengthening wages growth, and the CPI coming in higher than expected on Wednesday, we have decided to pencil in one more rate hike," he said. "We think we will probably get one more, most likely in July but ...
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