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Showing 12601 - 12610 of 20561 results for "BEN"

ASIC bans ABC LC auditor

BEN COLLINS  |  THURSDAY, 9 AUG 2012
The Australian Securities & Investments Commission has banned an ABC Learning Centres auditor from practicing for five years. The Australian Securities & Investments Commission (ASIC) said it has accepted an enforceable undertaking (EU) from Brisbane ...

Bendigo offloads IOOF stake

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
Bendigo and Adelaide Bank has sold its 7.8% stake in wealth management firm IOOF Holdings, worth $110 million. In a statement to the Australian Securities Exchange (ASX) Bendigo and Adelaide Bank said the sale was conducted at $6.16 a share and is expected ...

Folkestone forced to pay cash

BEN COLLINS  |  THURSDAY, 9 AUG 2012
Folkestone will have to pay cash for the Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
Australian shares opened slightly higher as the resources sector posts gains after Rio Tinto predicted China would have a quick recovery in its pace of growth. At 1014 AEST on Wednesday, the benchmark S&P/ASX200 index was up 12.8 points, or 0.3 per ...

Known knowns

BENJAMIN ONG  |  THURSDAY, 9 AUG 2012
... happen overnight but it will happen. The same thing as the bust in US Treasuries bubble will. ================== You can read Ben Ong's monthly economic insight, review and analysis through his subscriber-only Vantage Point monthly newsletter. Click ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
The Australian market looks set to open higher. At 0800 AEST on Thursday, the September share price index futures contract was up six points at 4,287. In economic news on Thursday, the Austalian Bureau of Statistics (ABS) is due to release July's Labour ...

Australians lack genuine banking sector competition

MARK STORY  |  WEDNESDAY, 8 AUG 2012
Results of a recently released banking survey suggest that most Australians think the Big Four Banks don't genuinely compete. According to an Essential Report survey of over 1,000 respondents, 66% of Australians said consumers would get a better deal ...

Life insurance industry under pressure

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
Attracting new capital to build a more sustainable life insurance industry is currently one of the major challenges faced by Australian insurers, according to TAL. Jim Minto, managing director of Tal said this is a challenge because with the lack of ...

Dunn loses bonus shares

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
AMP chief executive officer Craig Dunn has been forced to forfeit 777,778 shares, after the company's share price fell from $6.50 in 2010, to the current price of $4.04. The 777, 778 shares - worth approximately $3.2 million - were granted in 2010 ...

Brierley bids for wound-down scheme

BEN COLLINS  |  WEDNESDAY, 8 AUG 2012
A corporate raider has made a bid for Adelaide Managed Funds Asset Banked Yield Trust, a managed investment scheme in wind-down mode. Mercantile Investments is offering 5.5 cents per share in the fund - for the 87% of units that it does not already ...