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Market wrap - morning

AAP  |  FRIDAY, 13 JUL 2007
... but all eyes will be on Rio Tinto, and investors' and analysts' reaction to its tilt at Alcan. A rival bidder for the company, Alcoa, later withdrew its offer for Alcan. Alcoa shares jumped in the US overnight on speculation it is a target of BHP Billiton. ...

S&P downgrades Aust Unity insurance

CHRIS NICHOLLS  |  THURSDAY, 12 JUL 2007
... view. Whilst Calliden's building that experience, the rating agencies will make comments like that." In response to the company's posted loss in 2006, he said this was part of the company's start-up costs, and "Calliden's performance is ahead of its ...

Clean, green profit machines

... stellar performance in 2007 was partly due to the 300 plus returns of coal seam gas companies including Queensland Gas Company, Arrow Energy, Eastern Star Gas and Metgasco. Not to be outdone, shares in hot rocks energy companies Petratherm and Geothermal ...

Wyllie launches new 'niche within a niche' company

CHRIS NICHOLLS  |  TUESDAY, 10 JUL 2007
Boutique investment company Wyllie Group has launched a new niche wholesale funds management division called Viburnum. The division will be 50 per cent owned by the company, with the balance of the equity held by the directors, including Viburnum chairman ...

Westpac ends senior IT exec hunt

... retiring at the end of the month. Currently based in the USA, Sias is a partner at management consulting firm, McKinsey & Company, where she led major projects on organisational restructurings, including technology and operations integrations; and post-merger ...

XPLAN incorporates Zenith research

XPLAN clients can now access research reports and ratings from Zenith Investment Partners after XPLAN's parent company IRESS Market Technology inked a deal with the Melbourne-based research firm. The move will allow clients of both groups to access ...

Grange plays down Lehman connection for now

WWW.THESHEET.COM  |  FRIDAY, 6 JUL 2007
... on the way. For the moment, Willis's business card maintains its Grange Securities title and logo, with "A Lehman Bros Company" written in surprisingly small type. That will change as the business grows. Willis said Lehman wanted Grant to be pre-eminent ...

FF enters market but quietly

ALEX DUNNIN  |  FRIDAY, 6 JUL 2007
... To illustrate the scale, Rainmaker said with its 2.1 billion passive Telstra shares, equivalent to 15 per cent of the company until they come off escrow in November next year, the Future Fund holds as many equities by value as Vanguard. This would make ...

CommBank stays with EDS

WWW.THESHEET.COM  |  THURSDAY, 5 JUL 2007
... at times during their 10 year relationship, but all that was put to one side when the bank and the technology services company renewed their vows for another five years. CBA announced that EDS Australia would provide "desktop and other user services" ...

LPTs expand as sentiment dips

... building more assets or refurbishing existing centres. The same thing with Multiplex where there's a lot happening with the company overseas," said Kunnen. "I can't deny that the yields are lower but with bonds you don't get capital gain. Right now there ...