Finance News
A drive for market efficiency and determination to keep Australia at the forefront of global best practice underpins ASX’s move from a T+3 to a T+2 settlement cycle for cash market trades in Australia. ASX will implement a T+2 settlement cycle on Monday 7 March 2016. The transition to T+2 settlement received strong industry endorsement following broad…
According to one fund manager the hottest topic in financial services at present is whether the low 1H2016 hospital utilisation rate that put a rocket under the share prices of Medibank Private and NIB is even remotely sustainable. Hospital utilisation is a key driver of claims costs and basically refers to the frequency at which policyholders…
Excerpt from NAB announcement: Following completion of the first five days trading in CYBG, NAB is able to confirm a number of key details in relation to the demerger and IPO of CYBG. The five-day volume weighted average share price (VWAP) for CYBG is $4.01. For NAB shareholders who have received CYBG securities or whose…
I, like many investors were very happy to see the back of last week. Last weeks declines of 4.2% to the Australian share market took our markets year-to-date losses to 10%. And yes we are officially 20% from our recent highs which means we are in a bear market. However share market declines of 20%…
The end of January saw the voting in the adviser ratings influencers series finalised and after nearly 30000 votes last week they announced the Top 5 influencers in financial advice for 2016. Please feel free to click here to read more about the top 5. I would also like to take this opportunity to thank…
The market has had its worst start to a year since 2008. Local shares have slumped 5% per cent in January, with weakness from China (which has lost a quarter of its value this month) acting as a catalyst for local losses. Australia sells a third of its goods and services to China each year.…
It was an exciting week in the Haywood household as 8 year old William Haywood made his television and radio debut. Trent Dann, from Ten Eyewitness News was doing a story about pocket money going up faster than wages (which is true) and Trent interviewed Will doing some gardening do we have a Junior Finance…
In last year’s budget some big changes were announced by the Australian government. The federal budget that was delivered in May promised some significant benefits and incentives for small business. Here’s a 2-minute refresher on the top points for small business owners: 1. $20,000 immediate write-off Small businesses are eligible to claim up to $20,000 for asset…
