Comcast cuts cable network cord
[ad_1] Comcast Corporation (NASDAQ: CMCSA) is moving forward with plans to spin off its cable TV networks, including MSNBC, CNBC, USA, E!, Syfy, and Golf Channel. The decision is part of the company’s broader strategy to reduce its exposure to…
UK inflation rises to 2.3%, increasing pressure to postpone interest rate cut
[ad_1] Britain’s inflation rate rose to 2.3% in October, reversing a downward trend earlier in the year and putting pressure on the Bank of England to postpone further rate cuts until at least next year. Official figures released by the…
Oceania Healthcare restructures due to declining profits
[ad_1] oceania healthcare (ASX:OCA)The company, New Zealand’s leading provider of aged care and retirement living services, operating 46 locations across New Zealand, has announced its financial results for the six months to 30 September 2024. The company reported a net…
Thematic ETFs are on the rise as investors target niche markets
[ad_1] In a recent episode of the Relative Return podcast, Manny Damianakis, head of sales at Global X, said thematic ETFs provide exposure to specific sectors such as tech, crypto and lithium, serving investors’ desire for targeted investment strategies. He…
ASIC launches consultation on updates to digital and crypto asset guidance
[ad_1] The Australian Securities and Investments Commission (ASIC) has published a consultation paper aimed at providing greater clarity on how the current definitions of financial products apply to digital assets and related products. Namely, Information Sheet 225 Crypto Assets (INFO…
Consulting software firm secures $20 million investment
[ad_1] The investment will allow DASH to accelerate key developments with immediate initiatives, including accelerating both software and platform technology. The company also revealed plans to expand its workforce, aiming to increase its headcount by 20 over the next six…
Nuveen Introduces US Private Credit Revenue Strategy Down Under
[ad_1] Nuveen has expanded access to its private equity platform for Australian wholesale investors with the launch of the Nuveen Churchill Private Credit Income Fund (PCAP). According to Nuveen, the fund has already secured early investments from several local wealth…
Regal Partners reported a 349% jump in NPAT fueled by revenue growth and acquisitions
[ad_1] In an ASX listing on Monday, the fund manager said its normalized net profit after tax (NPAT) reached $59 million in the six months to June 30, up 349% on the previous corresponding period. The result was driven by…
The earnings gap between Magnificent 7 and other stocks is expected to narrow, the fund manager says
[ad_1] In the third quarter of 2024 earnings for those seven stocks rose 18 percent year over year, compared with just 2 percent growth among the other 493 companies in the index, according to data from American Century Investments. Jonathan…
Magellan sees modest FUM growth in November
[ad_1] In a monthly ASX update, the fund manager said FUM rose to $39.1 billion in November from $38 billion a month earlier. Magellan noted that retail FUM rose from $15.7 billion to $16.2 billion in November, while institutional assets…