Magellan’s shares soared by almost 20 per cent after reporting market-beating results and the new leadership team seeks to remind investors the embattled fund manager can survive without its celebrity stock picker,Hamish Douglass.
Alongside its financial results,Challenger unveiled plans to build a non-bank lender with US private equity firm Apollo in what could be the beginning of a more collaborative working relationship between the pair.
IOOF is seeking to become the country’s largest and cheapest financial advice provider but substantial costs associated with its acquisition strategy,and no guidance on future earnings has created uncertainty for investors,causing a 10 per cent stock fall.
ASX chief executive Dominic Stevens says improving accountability is a key focus for the bourse operator,following a major outage last year and a delayed technology overhaul.
Magellan’s chief investment officer Hamish Douglass has defended the group’s approach to diversifying operations and predicts key stakes in loss-making companies will come good.
AMP’s newly appointed chief executive Alexis George wants to make meeting with frontline staff a regular fixture in her hands-on approaching to turning around the 172-year-old company’s battered reputation.
IAG chief executive Nick Hawkins has pledged to improve technology,processes and accountability following a $427 million loss largely driven by risk management failures.
The chief executive of Australia’s largest listed investment company says investors believe there will be a recovery from COVID-19 within the next two to three years.
The corporate cop has launched a civil lawsuit against ASX-listed Austal and its former chief executive over allegedly withholding market sensitive information from investors.
One decade on from when Pendal made its foray into international investing,the ASX-listed money manager is now truly a global investor.
Chief executive Shemara Wikramanayake called on industries with large transportation fleets,such as the mining sector,to convert to electric vehicles.