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06 July 2022 • By Maja Garaca Djurdjevic • 1 min read

Economists tip third consecutive 50-bp rate hike

Economists are expecting another 50-bp rate hike in August. The official interest rate is expected to rise to 1.85 per cent in August, with a third ...

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Diverger acquires stake in ‘leading’ financial planning practice

Diverger Wealth Holdings, wholly-owned subsidiary of Diverger Limited, has executed a 35 per cent equity interest in McGregor Wealth Management (MWM)

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Magellan to lose another long-serving employee

Another long-serving employee has announced his departure form Magellan. Frank Casarotti, head of sales and distribution at Magellan, has announced ...

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ASX records worst fall in over two years

Declines were seen in almost every sector during June. The benchmark S&P/ASX 200 has suffered its biggest monthly decline since March 2020 ...

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Companies with strong pricing power best prepared to weather inflation

T. Rowe Price has assessed the growing parallels between 1970s stagflation and today. The 1970s era of stagflation bears “eerily similar parallels” ...

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Australian sharemarket tipped to recover in new financial year

CommSec has predicted local shares will move higher during 2022-23. Following a challenging 12 months for Australian investors, CommSec has tipped ...

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Reporting on diversity stalls among ASX companies

Reporting on diversity, equity and inclusion among ASX-listed companies has stalled, a new report has revealed. A major study conducted by KPMG ...

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Financials and materials no longer shielding Australia’s share market

The two largest ASX sectors were a drag on performance in June. Financials and materials dragged down the performance of the S&P/ASX 300 in ...

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AMP completes divestment of remaining equity in RLA

Resolution Life Australasia severs ties with AMP. AMP has completed the divestment of its remaining 19.13 per cent equity interest in Resolution ...

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Suncorp confirms ‘review’ of banking operations

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media reports that it is ...

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