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24 July 2019 • By Eliot Hastie • 1 min read

Boris Johnson to be an ‘impotent Prime Minister’

Overnight the ruling government in the UK confirmed Boris Johnson as the new leader of the Conservative Party and will now take over the role of prime ...

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Qld bank expands interstate

Queensland-based Heritage Bank has defied an industry trend to close physical shopfronts, instead expanding interstate for the first time with two new ...

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BlackRock revenue slips, technology spikes

While BlackRock’s revenue slipped by 2 per cent year-on-year in the quarter ending 30 June, its technology services segment saw a growth spurt, ...

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Investors flocking to active management for returns

A new survey has found that investors seeking higher returns, better diversification and lower volatility are flocking to active management

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AMP revamps ethical funds

AMP Capital has updated its ethical superannuation funds, giving the division a rebrand, a tightened fossil fuels investment screen and launching a ...

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Banks should shift target ROE

A UBS analysis has said that banks may have to adjust their target ROE given the current environment is not favourable to high profitability

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Cooper Investors opens global fund to market

Cooper Investors has opened its global endowment fund to external investors, the company’s first new wholesale unit trust launched to market in five ...

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Interest rates will be lower for longer

The interest rate environment across the world is at historic low and it will most likely stay that way for years to come. The warning comes from ...

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Morgan Stanley revenue down $517m

Morgan Stanley has reported net revenues for the quarter ending 30 June down by 4 per cent or $517 million from a year ago, despite strong gains in ...

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NAB appoints new CEO

After much speculation, NAB has appointed its new chief executive following the departure of Andrew Thorburn. Current CEO of the Royal Bank of ...

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