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09 November 2023 • By Jon Bragg • 1 min read

NAB reports $7.7bn cash profit as challenges ramp up

The operating environment became more challenging in the second half of the financial year, according to NAB, and is expected to remain so in the ...

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‘Continued uncertainty’ weighs on super fund returns

Negative super fund returns have been observed for the third consecutive month. The median balanced superannuation option returned -1.6 per cent in ...

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Shareholders hit Magellan with first strike over executive pay

A majority of shareholders have voted against Magellan’s remuneration report. More than 58 per cent of Magellan shareholders voted against the fund ...

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Equities tame, bond yields slip as latest rate hike sinks in

The Australian equities and bonds market has stuttered following the Reserve Bank’s 13th hike to the official cash rate in 18 months, which may not be ...

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Magellan embarks on ‘long path back to recovery’

According to executive chairman Andrew Formica, Magellan “has the foundations upon which to rebuild” despite recent challenges. At Magellan’s ...

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VanEck adds currency hedged versions of popular ETFs

The move has been made in response to significant demand from investors and advisers, according to the ETF provider. VanEck has announced the ...

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Big 4 bank tips follow-up rate hike

One of the major banks has pencilled in another rate increase from the Reserve Bank. The Reserve Bank of Australia (RBA) is expected to follow up ...

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ART adds head of investment resilience and planning

The $260 billion super fund has filled the recently created role. Australian Retirement Trust (ART) has appointed Jody Fitzgerald to the recently ...

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Female-led start-ups need more funding, says CEO

A Forbes 30 Under 30 alum has called for systemic change to provide more funding to start-ups founded by women. Co-founder of branding and creative ...

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RBA revises inflation outlook but softens rate rhetoric

The Reserve Bank has struck a less hawkish tone in minutes released following its latest rate hike, despite conceding inflation is “proving more ...

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