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Economics

Market Wrap - Morning

BY AAP | THURSDAY, 18 OCT 2007 8:38AM

The Australian stock market is likely to open firmer following a mixed performance on Wall Street as the NASDAQ powered ahead but the broader market fell on concerns about economic weakness and the high oil price. At 0740 AEST on the Sydney Futures Exchange, the December Share Price Index was up 8 points to 6722.

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Editor's Choice

Praemium's new leadership toughens earnings yardstick

RIDDHIMA TALWANI | 12:49PM

Praemium's new leadership will be keeping a close eye on costs, with new chief executive Denis Orrock noting he will make sure the technology upgrade underway translates into stronger earnings and better returns for shareholders.

Australian Ethical FUM drops by $70m

RIDDHIMA TALWANI | 12:21PM

Australian Ethical saw a net outflow of $100 million in its investment business in the first quarter of the financial year.

Perennial expands wholesale offer for pre-IPOs

MATTHEW WAI | 11:59AM

Perennial Partners is launching a new strategy for wholesale investors to capitalise on global pre-IPO opportunities, requiring a minimum investment of $100,000.

Macquarie wealth investment chief to depart

MATTHEW WAI | 11:37AM

Macquarie chief investment officer for wealth will take on a new role at a New Zealand-based investment management firm after serving in the position for close to three years.

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