The capital raising, as foreshadowed in the Australian
Financial Review last week and co-ordinated by Lazard, «is expected to offer investors tradeable units in a «shareholder fund» that is floated on the Australian stock exchange, while continuing to allow only dairy farmers who supply milk to remain full shareholders in the unlisted Murray Goulburn co-operative,» the Australian reported on its web site.
After Mr Harmer voiced his commitment to the group's Asian growth strategy in an interview with The Australian
Financial Review last week, IAG has scrapped plans to obtain a licence to sell general insurance across China.
An article in the Australian
Financial Review last week suggested Australian super-fund investors are losing...
Not exact matches
Tribune Media said
last year it was working with
financial advisers Moelis & Co and Guggenheim Securities on a strategic
review.
Pretty much from his first statements as governor in 2013 — that's about $ 100,000 ago in real estate appreciation terms — through to
last week when the bank released its latest
financial system
review, Poloz has walked a tightrope between admitting that elevated house prices and debt levels pose a risk to the economy, and assuring Canadians that the likelihood of a crash is actually pretty low.
Reiterating mid-term goals that include a 6 percent margin excluding Opel for 2021 - compared with 7.3 percent
last year - Chief
Financial Officer Jean - Baptiste de Chatillon said the targets will be
reviewed early next year and could be raised.
Last week, I spoke to bank directors in Dallas, Texas, about banking governance best practices as a result of a
review that I had conducted for the Office of the Superintendent of
Financial Institutions.
It conducted a
review of its
financial reporting controls along with Deloitte & Touche
last year.
In a paper
last year, Agarwal
reviewed data from a major
financial institution of people who'd responded to such offers, and how they'd behaved.
The budget is also expected to include a major
financial boost to basic scientific research across Canada, which would address some of the concerns outlined
last year in a national
review of the state of fundamental science.
The mindset of «
review and approve» is one of rubber - stamping, the
last thing regulators should be encouraging from boards of directors at
financial institutions.
The federal banking regulator, the Office of the Superintendent of
Financial Institutions, also
last summer said it was
reviewing domestic retail sales practices at Canada's key banks, focusing on «risk culture» and «the governance of sales practices.»
Chief executive Martin Mercer told The Australian
Financial Review the company had grown so much in the
last few years it was «bursting at the seams» and had made the decision this year to invest in the rebranding efforts and move into bigger offices in Melbourne and Sydney to help fuel future growth.
Indeed, we noted
last week in our
Financial System
Review that house prices in Vancouver and Toronto have been rising at a pace that probably can't be sustained.
We talked about these issues at some length in the
Financial Stability
Review last month, and
last week before the Senate.
Finance Canada created a small internal group
last year charged with
reviewing how GST impacts the
financial sector, which is generally exempt from the value - added tax.
The Australian
Financial Review revealed
last week South32 was appealing the decision, but the ruling stands while the appeal process runs on.
When the International Monetary Fund
last reviewed Canada's
financial system in 2014, it recommended we do better in managing federal - provincial co-ordination around systemic risk oversight, and improve systemic risk management in capital markets.
Chief executive Robbie Cooke, overseeing what could be his
last annual results if Tatts merges with Tabcorp, told The Australian
Financial Review he was keeping a «close watch» on the Australian Sports Commission's push for a lottery to fund Olympic sports.
This week's
review of the Ontario government's pre-election
financial report from the provincial Auditor - General reconfirmed what The Globe and Mail reported
last weekend: The government is using an...
Following a Superfunds Round Table
last November hosted by Visy and The Australian
Financial Review at which business leaders and financiers backed a push for super funds to increase their lending to companies, a leading fund manager said that more discussions were taking place between lenders, borrowers and intermediaries.
The language in the report parallels the main message in the central bank's
last Financial System Review in June — that of strengthening resiliency of the financial system on the back of an improving economy — that provided the backdrop for two rate increases in July and S
Financial System
Review in June — that of strengthening resiliency of the
financial system on the back of an improving economy — that provided the backdrop for two rate increases in July and S
financial system on the back of an improving economy — that provided the backdrop for two rate increases in July and September.
Last week, for example, The Australian
Financial Review ran a series of articles with headlines like «The Australian manufacturing revolution», «Smart gadgets from the clever country», and «The best earners are the brainy industries».
Last week the
Financial Review reported that AMP had shut down its venture capital unit, New Ventures, less than two years after it was established.
Kudos to the Certified
Financial Planner Board of Standards (CFPB) which announced
last week it will
review its standards of conduct over the next year or so.
In June, the company said it needed to
review and correct
financial statements from the
last three years because of accounting errors.
The Australian
Financial Review reported
last month that it is trying to sell the manufacturing facility.
«I'm very relieved and optimistic for the future of employees, shareholders and customers of SurfStitch — it would have been very difficult [for the company to survive] given the trauma it's been through over the
last few years,» Mr Weiss told The Australian
Financial Review.
Last night, Australian newspaper, the Australian
Financial Review reported that Champ PE has also appointed its managing director Jim Anderson to head up the new board, however this has not been confirmed by the company.
Mr Chang, 47, declined to comment on his play for S. Kidman & Co, but The Australian
Financial Review's Street Talk column revealed
last week that GLAM had trumped Shanghai Pengxin's $ 350 million bid.
The Australian
Financial Review revealed
last week that anger over the Turnbull government's rhetoric on China had prompted Beijing to refuse visas to ministers while a major showcase of Australian products in Shanghai had been shelved.
The Australian
Financial Review subsequently revealed that Grant Burge Wines tumbled to a loss of $ 9.4 million after generating sales of $ 40.4 million in its
last 12 months as an independent company.
The Australian
Financial Review can reveal that Barossa Valley - based Grant Burge Wines tumbled to a loss of $ 9.4 million after generating sales of $ 40.4 million in its
last 12 months as an independent company and had been seeking an equity investor as nervous bankers worried about its future, before Accolade stepped in with a full buyout offer in late 2014.
On Friday, after management had
reviewed the April sales figures, Murray Goulburn was plunged into a trading halt, which
lasted for three days and led to a 38 per cent plunge in its profit estimate, and Mr Helou and chief
financial officer Brad Hingle departing the co-operative.
The first tranche of job cuts, as flagged by The Australian
Financial Review's Street Talk column
last week, were confirmed by the bank on Monday morning.
Murray Goulburn made only a $ 39.8 million profit
last financial year, on $ 2.8 billion revenue, has cut its farm gate milk price, is closing plants and
last month announced a wide - ranging strategic
review.
Signed
last week in Chile by Australian trade minister Steve Ciobo, the agreement will see the removal of 98 % of tariffs in the Trans Pacific region including a range of Australian goods from beef, dairy, seafood to wine, iron, copper and petroleum, reported
Financial Review.
In the
last fortnight alone close to half a billion dollars - worth of deals have been sealed, including Macquarie Group's Paraway Pastoral Company buying two Western Grazing owned stations for what The Australian
Financial Review can now reveal was $ 148 million.
Primary Opinion, the ASX company that paid $ 15 million for its stake
last year, revealed on Thursday it was
reviewing the carrying value of the business after scrutinising draft
financial reports.
Mr Triggs told The Australian
Financial Review the Twin Hills stud would appeal to other players in the industry, including from offshore, highlighting
last year's acquisition of Yallambee Stud in Victoria by US billionaire breeder B. Wayne Hughes» Spendthrift Farm.
Last week Champ's chief executive John Haddock told The Australian
Financial Review the company was performing strongly following significant capital investment in its brands and facilities and he was proud of what they had done.
The Australian
Financial Review can reveal that, following a court hearing
last Friday, the class action law firm will release to the ASX an annual notice of meeting and explanatory material, including an independent experts report by KPMG that finds the recapitalisation to be «fair and reasonable».
There has been plenty of media on the Harper
Review's draft report released last Monday - including two items in today's AFR: Kate Walsh, «Lawyers see green light for mergers in Harper review» (The Australian Financial Review, 30 September 2014, page 15) and an opinion piece by former Competition Minister, Craig Emerson: «There are ill - effects in an effects test» (The Australian Financial Review, 30 September 2014,
Review's draft report released
last Monday - including two items in today's AFR: Kate Walsh, «Lawyers see green light for mergers in Harper
review» (The Australian Financial Review, 30 September 2014, page 15) and an opinion piece by former Competition Minister, Craig Emerson: «There are ill - effects in an effects test» (The Australian Financial Review, 30 September 2014,
review» (The Australian
Financial Review, 30 September 2014, page 15) and an opinion piece by former Competition Minister, Craig Emerson: «There are ill - effects in an effects test» (The Australian Financial Review, 30 September 2014,
Review, 30 September 2014, page 15) and an opinion piece by former Competition Minister, Craig Emerson: «There are ill - effects in an effects test» (The Australian
Financial Review, 30 September 2014,
Review, 30 September 2014, p 58).
«We typically do our best work when we can pull together the best people from around the world, put them on a small team in one place and they can do research and innovation,» Mr Smith told The Australian
Financial Review on the sidelines of the RSA Conference in San Francisco
last week.
Last week The Australian
Financial Review reported that Hassad's property company which has purchased, 300,000 hectares of rural properties across Australia since 2010, had never made a profit.
We will be there until the
last round,» Mr Helou told The Australian
Financial Review on Sunday.
Last week I was interested and surprised to read in The Australian
Financial Review article Spotless, Nine turn backs on credit ratings that Spotless and Nine had both requested to have their credit ratings withdrawn.
«
Last year, there was the issue of non-
financial hurdles and I think part of the response to that is that companies have said we have to simplify pay plans,» Karin Halliday, corporate governance manager at AMP Capital told The Australian
Financial Review.
Last week The Australian
Financial Review revealed an angry China was going slow on issuing visas to ministers and had cancelled the biennial Australia Week in Shanghai exposition.
This week, Spurs published their latest
financial accounts, which revealed that Daniel Levy was the Premier League's best - paid chairman, earning # 6 million
last season (this includes a backdated pay rise and bonus after a remuneration committee
review and is not his annual salary.)