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Investment

Challenger adds firepower to annuities business

MARK SMITH  |  MONDAY, 25 AUG 2014
Challenger's $530 million capital raising program is likely to tighten the company's already firm grip on the lucrative annuities market.

Mortgage Choice booms, invests in planners

AAP AND ALICE URIBE  |  FRIDAY, 22 AUG 2014
A strong housing market has helped home lender Mortgage Choice deliver its best financial results ever with a record number of loan settlements.

IOOF reports record growth

STAFF WRITER  |  FRIDAY, 22 AUG 2014
Financial services company IOOF has reported double digit growth in its underlying net profit after tax (UNPAT), reporting a result of $123 million for the full year ending 30 June.

Folkestone posts strong result

MARK SMITH  |  FRIDAY, 22 AUG 2014
Property fund manager Folkestone has reported a 168% rise in its after tax profit for the full year to 30 June.

MyState sees small growth in profits

MARK SMITH  |  FRIDAY, 22 AUG 2014
Banking and wealth management company MyState has reported a small rise in profit for the full year to 30 June.

ATO considers increasing Bitcoin control

LAURA MILLAN  |  FRIDAY, 22 AUG 2014
The Australian Taxation Office (ATO) could be asking Bitcoin and other crypto-currency holders to keep records of their transactions.

Treasury Group announces double digit growth for full year

ALICE URIBE  |  THURSDAY, 21 AUG 2014
Treasury Group has announced double digit growth in its profits and funds under management after strong growth from RARE Infrastructure (RARE) and Investors Mutual Limited (IML) in its full year results.

AMP half year profit falls 3%

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
AMP has reported a net profit of $382 for the half year to June 30, 2014, down 3% from the same period last year.

A quarter of global instos plan to grow alternatives investment teams

MARK SMITH  |  THURSDAY, 21 AUG 2014
More than a quarter of global institutional investors expect to grow their alternative investment teams over the next two years, according to the latest survey by Preqin.

Dimensional latest to join Calastone network

MARK SMITH  |  THURSDAY, 21 AUG 2014
Global asset manager Dimensional Fund Advisors has become the latest manager to join Calastone's automated global transaction network service.