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21 August 2023 • By Jon Bragg • 1 min read

Charter Hall posts lower earnings amid ‘challenging conditions’

The property investment and funds management group has reported lower operating earnings and a 78.5 per cent drop in statutory profit after tax for ...

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Westpac reports $1.8bn net profit for third quarter

The bank says that it remains in a “strong financial position” despite inflationary pressures, mortgage competition and an increase in stressed assets

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Iress announces significant sale

Iress is divesting its Managed Funds Administration business. In a statement on Monday, Iress said it has entered into a binding share sale and ...

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AMP settles class action

AMP says it has settled a class action for $110 million. In a filing to the ASX, AMP said on Monday it has reached an agreement to settle the ...

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QIC scores $500m European PE mandate

The private markets investor is looking to capitalise on Europe’s shifting market landscape with one of Denmark’s largest pension funds

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‘High risk’ of a correction in share markets, economist warns

Shares in the US and Australia have retreated from their July highs. AMP chief economist Shane Oliver has warned that shares are at high risk of a ...

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ASIC announces raft of executive changes

The corporate regulator has announced a number of executive changes within its senior leadership. The Australian Securities and Investments ...

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Centuria flags ‘challenging’ outlook after delivering growth in FY23

The ASX-listed specialist investment manager has reported its full-year results. Centuria Capital Group has posted an operating profit after tax of ...

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Formica named Magellan chair to solidify ‘growth footing’

The former Janus Henderson CEO has hit the ground running with the investment manager as it sets its sights on entering a “new phase”

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Magellan’s profit more than halves as FUM holds below $40bn

Despite a substantial fall in profit and funds under management, Magellan says it has made a “solid start” on implementing its five-year strategy

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