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08 May 2019 • By James Mitchell • 1 min read

Millionaires’ factory challenged by global markets

Analysts are questioning whether Macquarie can continue to deliver strong returns for shareholders after posting a $3 billion full-year net profit, up ...

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GSFM takes Cambridge fund to Aus, NZ

GSFM has partnered with Canadian-based Cambridge Global Asset Management, with the two looking to distribute the Cambridge Global Smaller Companies ...

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Big 4 banks’ profits down 11 percent

A new analysis of the half year results of Australia’s big banks has revealed that the banks’ combined profits have decreased by 11

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Westpac CEO calls for holistic regulation

Interest rates are “not the problem”, Westpac CEO Brian Hartzer has said, calling for a holistic regulatory approach to subdued market conditions, ...

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Westpac ‘undervalued’, says Morningstar

The research house believes Westpac shares are currently trading 16 per cent below valuation following the release of a disappointing first-half ...

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Reputational damage to reduce Pendal adviser flows

Morningstar has warned that the reputational damage done to both advisers and dealer groups as a result of the royal commission will reduce fund flows ...

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TAL to cut jobs amid major restructure

The life insurance giant has confirmed that it will reduce the total number of jobs in its retail channel following a strategic review. TAL today ...

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RBA announces cash rate

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting. Despite expectations of a cut, the ...

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Wealth remediation, restructure costing Westpac $620m

Westpac saw its profit sink by 19 per cent for 1H19, with the group taking a blow from its wealth division’s remediation costs of $484 million and ...

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RBA to cut rates by 100bps, starting today: Franklin Templeton

Franklin Templeton’s director of Australia fixed income believes the Reserve Bank will be hard pressed not to reduce the cash rate by up to 100 basis ...

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