‘Thing of the past’:Link to make COVID-19 flexible work permanent

‘Thing of the past’:Link to make COVID-19 flexible work permanent

ASX-listed Link is pursuing $75 million in cost cuttings for the year and plans to spin off its property settlements platform PEXA.

  • byCharlotte Grieve

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Challenger stock slides 15% after low profit,dividend cut

Challenger stock slides 15% after low profit,dividend cut

Investors were quick to sell off Challenger stock after the half-year results were a fizzer. But there is good news amid the ruin.

  • byCharlotte Grieve
Link accused of playing games after reporting slightly higher revenue guidance

Link accused of playing games after reporting slightly higher revenue guidance

ASX-listed Link told the market it had beaten expectations when it reported its revenue guidance had changed from $594 million to $597 million for the half.

  • byCharlotte Grieve
Macquarie ready to pounce on cheap assets if markets turn

Macquarie ready to pounce on cheap assets if markets turn

Macquarie's CEO Shemara Wikramanayake is not concerned about political turmoil in the United States,but said the bank is ready pounce if asset prices fall.

  • byCharlotte Grieve
'Dark clouds are there':Pendal chief warns of market shock if Trump wins

'Dark clouds are there':Pendal chief warns of market shock if Trump wins

Global market volatility will rise if Trump wins a second term as the market has priced in a blue wave for Biden.

  • byCharlotte Grieve
Westpac boss contrasts COVID-19 with GFC as bank reports 62% profit fall
Updated
Big four

Westpac boss contrasts COVID-19 with GFC as bank reports 62% profit fall

Westpac's CEO believes the bulk of customers who applied for loan relief will be back on track come January.

  • byCharlotte Grieve
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IOOF reaches $1.4b deal to buy NAB's wealth business
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IOOF

IOOF reaches $1.4b deal to buy NAB's wealth business

The deal will cement the big four banks'exit from the super industry following a long list of scandals and mounting customer remediation bills.

  • byCharlotte Grieve
Red ink doesn't deter REIT investors

Red ink doesn't deter REIT investors

Investors are punting the listed property trusts will prove resilient to the pandemic-related headwinds that have cast a pall over retail and office landlords.

  • byTim Boreham
'Hub and spoke'office model will help Growthpoint

'Hub and spoke'office model will help Growthpoint

Defensive property assets are proving resilient in the face of the turmoil created by the pandemic.

  • bySimon Johanson
Store closures,fall in values push mall giant Vicinity to $1.8b loss

Store closures,fall in values push mall giant Vicinity to $1.8b loss

Australia’s second largest mall landlord announces $1.8b full-year loss as social distancing measures to contain the pandemic eat into its rental income and property values.

  • bySimon Johanson
Magellan to offer low-cost investment strategies

Magellan to offer low-cost investment strategies

The funds management titan has announced a foray into the passive investment market,as the popularity of exchange traded funds continues to grip the world.

  • byCharlotte Grieve