News Articles for Andrew McKenzie

Perth-based and ASX-listed stockbroking firm Euroz Hartleys has confirmed its in early stage talks within the national market amid Canadian deal rumours.

Corporate finance firm Euroz Hartleys is anticipating net profit of $6.25 million for the first half after capitalising on a “brief but strong” wave of equity capital market work.

Continued quiet equity capital market activity has tempered Euroz Hartley's full year financial results, while it focuses on growing its funds under management.

Bhagwan Marine kicked off its first day of trading on the ASX by announcing a small upgrade to its earnings forecast and outlining plans to expand its business.

Business News' corporate finance survey reveals the leading financial and legal advisers working on major transactions in WA.

Euroz Hartleys will donate 100 per cent of its brokerage commissions from today's trading to Breast Cancer Care WA, Ocean Heroes and Perth Children's Hospital Foundation.

Western Australia-focused corporate firm Euroz Hartleys has announced an improved net profit after tax, due to an uptake in equity capital market activities.

The annual Business News corporate finance survey has highlighted the top advisers in the WA market and the emergence of a new style of strategic investor.

WA firm Euroz Hartleys has reported a modest profit off the back of two years of subdued markets but has capitalised on major block trade activity within the lithium sector.

Euroz Hartleys has reported a “solid” annual profit in a difficult market while also announcing inaugural director Jay Hughes has retired from the board after 23 years.

Assets predicted to play a role in the energy transition have emerged as a prominent driver on the local merger and acquisition front.

Financial services company Euroz Hartleys has recorded a sharp drop in profits to just $3.1 million for the six months to December 2022.

Euroz Hartleys Group shareholders will receive a special dividend and return of capital amounting to $80 million from the sale of its fund management business which settled earlier this year.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.

Euroz Hartleys Group has announced a suite of appointments, with Fiona Kalaf joining its board of directors and Amanda Boyce and Ben Crossing taking senior executive roles.

Perth firm Euroz Hartleys has raised $400,000 during its fourth annual Commission for a Cause Day, where brokers donate fees from a full trading day to charity.

Euroz Hartleys Group has signalled a likely fall in annual profit with the main driver being a sharp decline in new capital raisings.

Perth broker Euroz Hartleys has promoted its head of institutional sales Tim Bunney to managing director, replacing Rob Black.

Euroz Hartleys Group has reported a $22.9 million net profit for the six months to December 2021, below the bumper result it achieved in the previous six months.

UPDATED: Cricket legends Justin Langer and Adam Gilchrist and renowned doctor Fiona Wood helped Euroz Hartleys raise a record amount at its third Commission for a Cause Day.

Euroz has nearly tripled its interim profit to $25.1 million, helped by strong investment markets and its acquisition of rival stockbroker Hartleys.

Euroz is planning to partially retain the Hartleys brand and intends to bring independent directors onto its board as part of its agreement to acquire the rival stockbroking firm.

Listed stockbroking and funds management firm Euroz has offered to buy competitor Hartleys in a scrip deal that would give Hartleys' current shareholders a 17 per cent stake in the combined group.

Stockbroking firm Hartleys has confirmed it is in advanced merger discussions with listed rival Euroz. If the merger proceeds, it would add to a string of changes among Perth's top corporate finance dealmakers.

Stockbroking and funds management group Euroz expects to report a loss of $16 million for the nine months to the end of March but said its trading activity is still profitable and it intends to pay a final dividend.

Euroz has flagged an $8 million hit to its earnings after pulling out of its 80 per cent-owned Prodigy Investment Partners joint venture, which had underperformed in recent years.

Euroz has reported an unaudited net profit of $8.5 million for the half year to December 2019, reflecting a strong performance by most of its funds management subsidiaries and a solid result from i

Fundraising is a mechanical process and 90 per cent of the work is research, according to an international expert visiting Perth next week.

SPECIAL REPORT: A diverse group of successful wealth management businesses in Perth have good stories to tell in a market likely to face increasing uncertainty.

SPECIAL REPORT: Western Australia's 10 largest philanthropic foundations distributed $65 million last year, but like many charities, some of these organisations are increasingly targeting individual supporters to offset rising fundraising costs.

Stockbroker and funds manager Euroz has beaten expectations for its interim profit result, which was achieved on the back of an improved performance of its Euroz Securities business and increase in the share prices of its listed investment companies.

Stockbroker and funds manager Euroz has foreshadowed a strongly improved interim profit, driven mainly by the performance of Euroz Securities and the increased share prices of its listed investment companies.

Northern Star Resources has announced a major board restructure that includes the recruitment of two new directors and, in an unusual move that is at odds with corporate governance guidelines, the promotion of managing director Bill Beament to executive chairman.

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Investor interest has swung strongly towards the resources sector this year, but opportunities remain for tech companies aiming to list on the ASX.

SPECIAL REPORT: There has been a major shift in business influence in WA amid waning international investment and, with two elections on the way, there is a prospect of even bigger changes in political influence. Click through to see our listing of WA's most infliential leaders in politics and business.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

A difficult 2015 financial year for the Western Australian economy has flowed through to a soft performance for the state's listed money managers, according to BNiQ research, with the biggest player considering a restructure to diversify its income sources.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

Euroz has halved its dividend after recording a $7.1 million net loss for the 2015 financial year, on the back of poor performance in its investment arm and modest profits in its stockbroking division.