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Finance veterans named in Queen’s Birthday Honours List subscribe Sarah Simpkins Sarah Simpkins A A An ING board member and housing and economics researcher are among a number of recipients who have been acknowledged in this year’s Queen’s Birthday Honours List. The Order of Australia is the primary means of recognising Australians who have contributed to Australia at a national level and comprises four levels: Companion of the Order (AC), Officer of the Order (AO), Member of the Order (AM) and Medal of the Order (OAM). The Queen’s Birthday Hobours List has named 1,190 award recipients. There are 947 individuals in the General Division of Australia (five AC, 50 AO, 242 AM and 640 OAM), as well as 33 recipients of awards in the Military Division of Australia and 139 meritorious awards. ....
Bank eyes broker channel as it revamps theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.
Source – JANA, FactSet The Australian equities market (S&P/ASX 300 Index) rose 0.3% in January, with mixed performance across sectors. Real Estate (-4.1%) and Industrials (-3.1%) were the key detractors. The top performing sector was Consumer Discretionary (+4.8%), which was driven by strong retail sales from Covid-19 beneficiaries. Financials (+2.3%) also outperformed, driven largely by the big four banks which benefitted from positive global macro news and new loan growth. Large Caps (0.7%) outperformed both Mid Caps (-1.1%), Small Caps (-0.3%) and the broader index (0.3%). Australian REITs (-4.1%) underperformed both the broader equity market and Global REITs (-0.5%). US equity markets declined over January with the Federal Reserve warning that the pace of the US economic recovery had weakened. Despite this news, the US equity sell off towards the end of the month is best explained by abnormal retail investor activity. As small and heavily shorted stocks rallie ....
ASX closes 0.7pc higher; City Chic shares at record Save Share Vesna Poljak The S&P/ASX 200 Index closed at 6,643.1 points up 43.5 points or 0.66 per cent on Wednesday. Mesoblast rallied 9 per cent to $2.37 on no apparent news, Smartgroup almost 8 per cent to $6.78 following an earnings upgrade, and GUD more than 5 per cent to $12.41. Cooper Energy fell 4.1 per cent to 35¢. BHP Group fell 1 per cent to $42.45, Rio Tinto was down 0.49 per cent to $114.85 and Fortescue Metals Group lost 1¢ to $23.47. Westpac was flat at $19.56, Commonwealth Bank rose 0.9 per cent to $83.18, National Australia Bank rose 0.2 per cent to $22.98 and ANZ Banking Group added 0.8 per cent to $23.10. ....