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26 February 2020 • By Sarah Simpkins • 1 min read

OneVue posts $27m loss as Sargon debt takes hold

OneVue has written down its Sargon Capital receivable to $3.9 million, with the group recording a $27 million loss for the half year. Embattled ...

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JPMorgan pulls fossil fuel support

JPMorgan Chase has ended its support for the coal-mining industry and set aside hundreds of billions to support climate action in the latest ...

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Disney CEO steps down

Bob Iger, who has led the Walt Disney Company for almost 15 years, will step down as CEO effective immediately.  Mr Iger will stay on as executive ...

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Infrastructure Australia flags climate risk

Infrastructure Australia has placed climate change in the top tier of its priority list for the first time, warning that drought, flooding and ...

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IOOF facing shareholder class action

Shine Lawyers has indicated it will be commencing a class action against IOOF on the behalf of shareholders who were said to suffer losses due to ...

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Fundies push against active management doubts

Three global fund mangers have urged Australia’s investment industry to bolster active management and challenge concerns around fees and costs

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Equinor drops exploration plans

Norwegian oil giant Equinor has ditched plans for a drilling operation in the Great Australian Bight, saying they were not “commercially competitive”

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Coronavirus heightens recession risk

COVID-19 is making a rate cut in March substantially more likely and a recession could be on its way, according to AMP Capital. Australia is likely ...

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MyState bumps up profit with wealth revamp

MyState’s profit has elevated by 5.4 per cent for the half year, with the company anticipating the launch of its new funds platform will propel its ...

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Worry about ‘carbon footpath’, not footprint: AXA

Investors should be carefully considering rapid climate-based divestments, with point-in-time decisions causing unintended consequences for portfolio ...

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