Markets

Australian Ethical predicts a 86% profit jump, its shares go on a tear

Australian Ethical Investment, the environmental and socially responsible financial services company, expects its full year profit to jump about 86% to between $3.47 and $3.84 million. A short time ago, its shares were up 5.3% to $68.45. The rise in profit is due to strong growth in funds under management […]
Australian Ethical predicts a 86% profit jump, its shares go on a tear
Markets

IOOF shares fall as it warns of flat profits ahead

A falling share market is eating into profit growth at IOOF. The managed funds group expects underlying net profit for the current financial year to be flat compared to 2015, between $173 million and $176 million. A short time ago, its shares had lost 4% to $8.51. IOOF says revenue […]
IOOF shares fall as it warns of flat profits ahead