Market wrap - middayBY AAP | THURSDAY, 2 AUG 2007 12:06PMThe Australian share market is a sea of green this morning, despite wiping off nearly $60 billion in value yesterday, after US equities shot up shortly before close overnight. US investors picked up shares beaten down by worries over deteriorating credit conditions, reversing an earlier downward trend leading into this morning's local session. |
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Advisers should rethink portfolio construction: La Trobe
|La Trobe Financial has urged advisers to broaden portfolio construction beyond traditional equity and bond allocations, arguing that slowing productivity, persistent inflation risks and changing market dynamics require greater focus on real assets and private credit.
Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings
|With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest Investment Management going ahead.
Pinnacle profits up amid heightened expenses
|Despite heightened expenses of $95.3 million in FY26, reflected by losses from its principal investments, Pinnacle Investment Management (ASX: PNI) saw its net profit after tax (NPAT) surge to over $30 million, with affiliates' funds under management (FUM) also gaining $50 billion, in the 12 months ...
ASIC consults to improve flexibility around pre-IPO comms
|ASIC has released a proposal to provide companies greater flexibility when listing on the public market to publicise their upcoming initial public offering (IPO).
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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