Markets

CBA will spin off its giant funds management arm

The Commonwealth Bank plans to float its investment management business Colonial First State Global Asset Management (CFSGAM) on the ASX. The wealth arm has $219 billion under management. In the 2017 financial year, CFSGAM earned $837 million in funds management income. Some reports put the value of a float at […]
CBA will spin off its giant funds management arm
Tech

I tried floatation therapy, a crazy womb-like sensory deprivation technique that can even be hallucinatory

VIDEO: Floatation therapy is a sensory deprivation treatment which people use for pain relief and meditation. You lie in water for around an hour which is full of Epsom salts to help you float. The tank is sealed, which means you lie in complete darkness and silence. Some people say the treatment can even be hallucinatory. Business Insider's Tech reporter Rob Price went to Floatworks in Vauxhall, London to try it out. This is his experience.
I tried floatation therapy, a crazy womb-like sensory deprivation technique that can even be hallucinatory
Tech

Mike Cannon-Brookes is happy Guvera’s ASX listing was blocked

Critics of the embattled music streaming company Guvera have spoken out in support of the ASX’s decision to stop the company from listing on the exchange, with industry leaders saying the co-founders were “on a different planet” when they decided to list. Atlassian co-founder Mike Cannon-Brookes applauded the ASX on […]
Mike Cannon-Brookes is happy Guvera’s ASX listing was blocked
Markets

ASIC has delayed Guvera’s IPO

The corporate regulator ASIC is taking a closer look at the IPO of music streaming startup Guvera amid questions about how a loss-making business can have a $1.3 billion valuation for its float. ASIC today confirmed it had extended the exposure period of Guvera’s IPO, but would not comment further. […]
ASIC has delayed Guvera’s IPO