Posts by Mark Darwin
Suncorp beats first-half cash earnings consensus estimate, declares special dividend
AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as favourable weather conditions led to lower natural hazard costs and underlying margins remained supported. Suncorp said it had a “robust” capital position with capacity for further capital management initiatives, most likely on-market buybacks. The…
Read MoreCharles Schwab expands 24-hour trading to all its retail clients
CHARLES Schwab is expanding overnight trading to all of its retail clients as it seeks to capture demand from investors piling into US stocks amid elevated prices. Schwab’s retail clients will be able to trade a wider range of securities 24 hours, five days a week, the firm said. Those include shares of companies in…
Read MoreHoliday Pay: What Your Boss Won’t Tell You
Holiday pay can be a bit of a mystery, can’t it? You might think it’s just about getting some extra cash during your time off, but there’s more to it. Understanding your rights and what you’re entitled to is super important. Whether you’re a full-time employee or working on a contract, knowing the ins and…
Read MoreBrand Protection 101: How to Lock Down Your Business Name
Ever thought about what would happen if someone else started using your business name? It’s not just annoying—it’s a real threat to your brand. Protecting your business name isn’t just a legal thing; it’s about keeping your brand safe and sound. Let’s break down the basics of brand protection so you can keep your business…
Read MoreLawsuit brought against PropNex unit on alleged salesperson misconduct
REAL estate services group PropNex said that its wholly owned subsidiary PropNex Realty, has been named as one of three co-defendants in a lawsuit. The suit has been filed in the High Court of Singapore by a claimant seeking damages from PropNext Realty for liability arising from the alleged misconduct of one of its salespersons…
Read MoreQAF lifts guidance for FY2024
Improvement is attributed to better business performance and lower non-cash impairments of joint venture
Read MoreHSBC hires ex-BNP banker Sun as head of debt markets for Asia
HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. A spokeswoman for HSBC confirmed the hire. Sun starts with the bank on Mar 11 and will be based in Hong Kong. He was previously head of…
Read MoreChina’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two sources with direct knowledge of the matter. The filing could come on Tuesday (Feb 11) or Wednesday, added the sources, who could not be identified discussing confidential information. CATL did not immediately…
Read MoreParagon Reit jumps 11.8% on privatisation offer
UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times Properties. The counter surged 11.8 per cent or S$0.105 to S$0.995 after the mid-day trading break, during which it asked for its trading halt to be lifted. The…
Read MoreBYD shares hit record high, trouncing Tesla’s stock this year
BYD shares briefly rose to their highest intraday price on record, reflecting optimism that the Chinese electric vehicle (EV) leader will further challenge peers such as Tesla through its smart driving strategy. The automaker’s Hong Kong-listed stock jumped as much as 4.5 per cent to an all-time high earlier on Tuesday (Feb 11) after the…
Read More