Magellan wins support from Zenith
After a fortnight from hell, Hamish Douglass has had a win. Zenith Investment Partners, an influential researcher for financial advisers, says it has confidence in Magellan Financial.
After a fortnight from hell, Hamish Douglass has had a win. Zenith Investment Partners, an influential researcher for financial advisers, says it has confidence in Magellan Financial.
ASX closes up by 0.1 per cent as Link soars 15 per cent on $3.5bn sale and Charter Hall dives 7.5 per cent on Paradice. Sydney Airport takeover gets FIRB nod and BHP out of Noront race.
The competition watchdog has cleared the way for Suez and Veolia’s $23.34bn tie-up, after accepting three divestiture undertakings from Veolia.
ASX roars to its best day in two weeks on health and energy sectors. Pilbara Minerals dives 9 per cent on guidance and Magellan rallies from Monday’s record loss.
British financial major Barclays will expand further into Australia by April after being granted a licence to operate as a foreign authorised deposit-taking institution.
ASX down on energy, financials and industrial sectors; Magellan suffers record one-day fall over axed mandate, Cimic tumbles 13 per cent and Nine secures NRL rights for 2023-2027.
Qantas will emerge from the pandemic with higher earnings than before Covid-19, according to equities analysts at Macquarie.
Less than a fortnight after the unexpected departure of its chief executive, Magellan Financial Group is poised to lose a major funds source – expected to be St James’s Place.
ASX closers higher on mining and energy; Afterpay dives 7.6 per cent as courts approve sale, Magellan in trading halt over contract ‘termination’ and Sydney Airport acquisition vote set.
ASX closes 0.43 per cent lower, pulled down by CSL sell off; EML Payments faces class action, IGO gains after Western Areas buy and jobless rate falls to 4.6 per cent.
Original URL: https://www.theaustralian.com.au/author/matt-bell/page/109