Iress Ltd
Origin invests further $163m in UK’s Octopus Energy, OZ Minerals reports production fall and Iress gains new chief
Origin Energy (ASX: ORG) has announced it is investing a further $163 million to maintain its 20% equity in fast-growing United Kingdom renewables group Octopus Energy. Octopus Energy has recently emerged as the UK’s fifth-largest energy retailer, growing its customer base by 25% to 3.1 million. Since Origin’s first investment into Octopus back in May […]
What to look out for as the $800bn investment platform sector feeds on itself
The head of investment platform Praemium (ASX: PPS) Michael Ohanessian sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800 billion a year adviser platform sector to grow and diversify at a time when […]
Iress set to acquire OneVue, Goldman Sachs to advise on $150 million placement
Financial software company Iress (ASX: IRE) has unveiled plans to acquire managed fund provider OneVue Holdings (ASX: OVH) for $0.40 per share, in what Iress chief executive officer Andrew Walsh described as “structural shifts and changing market dynamics”. The deal is set to go ahead with the help of a $150 million capital raise, with […]
ASX sells stake in IRESS as move from CHESS to distributed ledger technology advances
ASX Ltd (ASX: ASX) is set to continue its march to introduce blockchain inspired securities trading after grabbing a hefty $161 million gain for selling out of software company IRESS (ASX: IRE). The operator of the Australian Securities Exchange sold its 18.6% stake in IRESS through investment bank UBS, with 32.2 million shares being offered […]