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Company taxes feed $7.5 billion budget surplus: Costello

Australia's 2002/03 Budget surplus of $7.5 billion is largely due to better than expected company taxes, according to Treasurer Peter Costello. Australia's 2002/03 Budget produced a final surplus of $7.5 billion, compared to the $3.9 billion surplus ...

Australian insurer AMP prefers UK demerger

AAP  |  TUESDAY, 30 SEP 2003
... the other in Britain, by the end of 2003. Details of the memorandum will be published late in October. The 150-year-old company wants to insulate its profitable Australian business from the British life operation, which was hit hard by the worst bear ...

Banks, resources supported, telcos challenged : Citigroup

AAP  |  MONDAY, 29 SEP 2003
... analyst said today. While corporate bond supply remains patchy, Citigroup head of credit research Brad Scott said sector and company selection was still important. "The task of differentiating individual issuers in a credit fundamental sense is arguably ...

Former Voicenet director faces Perth court

A former managing director of listed company Voicenet (Aust.) Ltd today appeared in the Perth Court of Petty Sessions on two charges brought by the Australian Securities and Investments Commission (ASIC). Mr Alan Dawson was charged with two counts of ...

S&P lowers Lend Lease rating to BBB

AAP  |  FRIDAY, 26 SEP 2003
... funds management business, and the companys mix of earnings will shift to the more volatile transaction-based fees. "The company's financial policy indicates a willingness to leverage its balance sheet from its current very conservative base. The Real ...

Stockland continue property construction expansion

... in Canberra's premier urban redevelopment project for $27 million. "The acquisition of this site is consistent with the company's strategy of targeting high quality discerning owner occupier developments and is undoubtedly considered the best development ...

Lazard to manage Zurich's international equities thematic portfolio

... appointed subject to completion of due diligence. Lazard will manage Zurich's international fund and share component of the company's diversified funds. Zurich's stand-alone international thematic funds and the international equities component of the ...

Advisors in Australia must hold license: ASIC

... of Australia. The order comes after an ASIC investigations found that between January and June this year North Sydney company Morgan Price had telephoned residents in New Zealand and the UK recommending the purchase of US securities, later arranging ...

GE pumps $98 million into Burnley development

Melbourne will be home to GE Australia's new $98 million financial services centre to be developed at the company's existing Burnley site. The move will create a least 1500 new jobs, confirming Victoria as a financial services hub in the Asia Pacific ...

S&P reduces Carter Holt rating to A-3

WITH AAP  |  TUESDAY, 23 SEP 2003
Standard & Poor's has reduced New Zealand's second largest listed company's short-term credit and commercial paper rating from A-2 to A-3. S&P said it had reduced wood processor Carter Holt Harvey's rating as a result of a review of the company's 50.46 ...