Idp Education Ltd
Federal Court serves AMP with $14.6m fine, nib gives back to eligible members and IDP acquires Intake Education
AMP Limited (ASX: AMP) has been fined $14.6 million by the Federal Court after it was alleged the wealth giant charged more than 1,500 customers for financial advice they were unable to receive between 2015 and 2019. It comes as a major coup for the Australian Securities and Investments Commission (ASIC), but still falls below […]
Stanmore buys Mitsui’s stake in QLD coal venture, IDP Education appoints new CEO and Santos purchases pipeline route
Stanmore Resources (ASX: SMR) has announced it will buy Mitsui & Co’s remaining 20% stake in BHP Mitsui Coal (now renamed Stanmore SMC) the company’s joint venture with BHP Group (ASX: BHP), for an estimated $380 million. The Australia-based resources company plans to fund the purchase through internal resources, which comes after it agreed on […]
Who’s top of the class in the listed education sector?
With our international borders still resolutely padlocked, the absence of foreign students poses an ongoing existential threat to our universities and other parties feeding off the education ecosystem (such as student accommodation providers). The listed education providers have not been immune, although arguably those exposed to the foreign student trade have not fared as badly […]
IDP Education posts strong half-year earnings growth
Education services provider IDP Education (ASX: IEL) has announced a 42% growth in net profit for the first half of fiscal 2020 on the back of strong English language teaching and testing volumes and higher student placement levels. The Melbourne-based company reported a net profit after tax of $57.7 million compared to $40.7 million in […]