australian securities exchange

AUSTRALIAN SECURITIES EXCHANGE

Financial planning

Praemium has posted a 43% jump in its funds under advice in its half yearly earnings results while reporting a net loss after tax of $2.6 million....

Features

InFocus: Bringing crypto into the mainstream

After years under the regulatory radar, Laura Dew writes, cryptocurrency has finally hit the mainstream with a succession of announcements aimed at making retail access e...

Financial planning

OneVue still trying to get a Sargon return

The Federal Court will ultimately decide how much OneVue retrieves from this week’s sale of the Sargon operating business, while the company maintains it is still on trac...

Funds management

A tale of four builders

There has been a sharp divergence in the fortunes of the four major construction firms with two seeing positive returns and two losing more than 40%. ...

Financial planning

YBR gets $1.9m for wealth business

Yellow Brick Road has completed the sale of its wealth business to Sequoia for just over $1.9 million....

Funds management

ETFs see 150% turnover growth in March

ETF trading volumes continued to grow in March, hitting an all-time high of $18 billion in turnover, according to BetaShares. ...

Financial planning

Iress withdraws FY20 guidance

Financial services software firm, Iress has decided to withdraw its FY20 guidance due to ‘the broader uncertainty surrounding COVID-19’. ...

Funds management

Asset devaluations – first the industry funds, now property funds

First it was industry superannuation funds announcing downward revaluations of their unlisted assets, now major property funds started announcing similar processes....

Funds management

Raiz Invest loses 20.1% in FUM in March

The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic....

Superannuation

Chant West’s legal action against Zenith owners

The decision by the owners of research and ratings house Zenith to call off their bid for Chant West has resulted in the initiation of court action....

Financial planning

Madison sale completion still slated for April

Despite the current market uncertainty, OneVue has confirmed its continuing expectation that it will complete the transaction for the sale of Madison Financial Group in A...

Financial planning

AMP withdraws FY20 outlook

AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...

Funds management

How have listed financials performed?

There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...

Funds management

Further cuts and losses for travel firms

Travel firms Flight Centre Travel Group and HelloWorld Travel have both announced changes to its business models in light of the updated travel restrictions....