buybacks

Funds management

PAC ‘flush with cash’ ahead of $300m buyback

The chief executive of Pacific Current Group has told its shareholders that the firm is “flush with cash” after numerous divestments and is planning an estimated $300 mil...

Funds management

Aussie shares up despite lockdowns

While shares are at risk of a short-term correction, there is a rising trend continuing with banks, telcos, utilities, and retail stocks are leading the market higher. ...

Financial planning

CBA announces $6b buyback

The buyback compared to one of $2.5 billion by NAB and $1.5 billion by ANZ as the firm announced net profit after tax of $8.8 billion....

Financial planning

August brings weak earnings for equities

The latest earnings season was the ‘weakest for many years’ with many areas of the S&P ASX 300 looking overly expensive, according to State Street....

Funds management

AFIC profits rise 45 per cent

Australian Foundation Investment Company has seen profits rise by 45 per cent in 2019 to more than $400 million, as a result of ‘several one-off factors’. ...

Funds management

US paints bleak picture of franking credit-less nation

Removing franking credits won’t just be a detriment to companies, but also national growth and innovation, according to Fidelity portfolio manager, Kate Howitt. ...