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Showing 10641 - 10650 of 10710 results for "May 2012"

ASIC takes action on Melbourne-based share dealer

The Australian Securities and Investments Commission (ASIC) has announced today that it has imposed a condition on the dealers' licence held by the National Exchange Corporation (formerly Country Estate and Agency), of which Melbourne-based David Tweed ...

Centro extends offer period for ART takeover bid

Centro Property Trust has extended the offer period for its takeover bid for AMP Shopping Centre Trust (ART) while it awaits the final ruling of the Takeovers Panel's in relation to its hostile offer. "Centro has extended the offer period for its the ...

AMP Henderson appoints Cahill to product leadership team

AMP Henderson Global Investors has announced the appointment of ex-ABN Amro analyst Richard Cahill to its product leadership team. Cahill will take the role of senior investment adviser, Australian equities, under Jacqui Sullivan, the head of the Sydney-based ...

Morning market wrap: Dow Jones ends losing streak

Shares in the US picked up 25.07 points on the Dow Jones index after US Federal Reserve chairman Alan Greenspan indicated to the US Congress' Joint Economic Committee that it would "not be unreasonable" to expect a pick-up in economic growth. Shares ...

Moody's may downgrade ART following Westfield takeover offer

Moody's Investors Service is continuing its review - for possible downgrade - of the A1 long-term senior unsecured rating of AMP Shopping Centre Trust (ART). This follows the Westfield Trust announcement that it will make a counter takeover offer for ...

Midday market wrap: Tower plunges 32.7% after loss warning

Trans-Tasman financial services group Tower plummeted 32.7% during the morning session as anxious investors dumped the stock after the company flagged a likely half-year loss in excess of NZ$180 million ($161 million) when it releases its half-year ...

Tower issues $161 million half-year loss warning

Trans-Tasman financial services group Tower has announced an expected loss of "in excess" of NZ$180 million ($161 million) when it releases its half-year results on May 28. The company said that operating profit for the period is expected to be in the ...

Morning market wrap: Terror alert unnerves Wall St

The Dow Jones index recorded its third consecutive day of losses-albeit fractional-as the US government raised its terror alert to 'orange' following recent attacks in Saudi Arabia and Morocco. The warning came as Steve Kaseta, vice president of Boston-based ...

Afternoon market wrap: Tower loses over one-third of value

Tower lost over one-third of its sharemarket value in one day after it warned of an expected loss in excess of $161 million in its upcoming half year profits to be released on May 28. The stock finished at $1.25, a fall of 36.2% as anxious investors ...

Westfield offers $1.9 billion cash for AMP Shopping Centre Trust

Westfield Trust has announced an all-cash takeover offer for the outstanding units (including all rights) in the AMP Shopping Centre Trust (ART) at $1.80 per unit, valuing it trust at $1.9 billion. The announcement made by Westfield chairman Frank Lowy ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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Blake Briggs

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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