Powered by MOMENTUM MEDIA
investor daily logo

News

markets

26 August 2019 • By Sarah Simpkins • 1 min read

MyState profit stays flat, builds remaining wealth business

MyState’s profit flatlined in financial year 2019, as the group reported it is looking to further grow its wealth management business, planning to ...

READ MORE
icon

CBA revises terms of CommInsure divestment

The Commonwealth Bank of Australia has revised its transaction path toward divesting its life insurance business CommInsure to AIA. The aggregate ...

READ MORE
icon

Over $8 trillion in wealth to change hands

New data from GlobalData has found that US$8.6 trillion of high-net wealth will change hands over the next decade, opening the doors for significant ...

READ MORE
icon

IRESS reveals 10% profit growth in 1H19

IRESS has announced a group segment profit of $74.1 million for the first half of 2019, a rise of 10 per cent from the previous corresponding period ...

READ MORE
icon

Investors picking equities over property: study

Despite a low interest rate environment and growing uncertainty in equities markets, a new report has found the majority of Australian online ...

READ MORE
icon

Regulators’ stance on capitals hurting dividends

A new UBS report has said that regulators getting tougher on capital is a threat to dividends, particularly those of the major banks.  UBS reported ...

READ MORE
icon

Underperformance knocks Platinum profit down 16.7%

Platinum Asset Management saw its profit fall by 16.7 per cent during financial year 2019, with the group saying it experienced “challenging equity ...

READ MORE
icon

WAM profit plummets 88.4%

Wilson Asset Management Capital has reported an operating profit after tax of $14.5 million in the 2019 financial year, plunging by 88.4 per cent from ...

READ MORE
icon

NAB branch manager pleads guilty to fraud

A former NAB branch manager has pleaded guilty to one count of intention to defraud by false or misleading statement.  Mathew Alwan was found by an ...

READ MORE
icon

Sequoia sees $1m loss in ‘challenging’ year

Sequoia Financial Group generated a $1 million loss for financial year 2019, a drastic drop from the prior year’s profit of $2.3 million. The ...

READ MORE