Andrew McKenzie

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

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.

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.

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.

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.

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.

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

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 its stockbroking arm.

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.

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.

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.

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.

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.

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

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 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.

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

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

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

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

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.

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

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

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.

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.

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.

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

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.

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

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.

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

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.