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| | | The local bourse is expected to enjoy a rollicking good start to the day, inspired by strong base metal prices and the record close on Wall Street. At 0817 AEST on the Sydney Futures Exchange, the September share price index was up 21 points to 6405. ... |
| | | | Colonial First State Retail Property Trust purchased, as part of a consortium, Melbourne's landmark Myer department store building for $605 million. The consortium comprises CFS, GIC Real Estate and The Myer Family Company. CFS will initially outlay ... |
| | | | Investors should consider avoiding residential property in favour of more diversified property investments, according to Mike Doble, director of retail at APN Funds Management. Doble said that with low liquidity, accessibility and high entry costs ... |
| | | | The Commonwealth Bank has failed to attract a buyer for its Avanteos platform, after bids from potential buyers did not match their expectations. CBA initially looked at selling Avanteos following a strategic review of its platform business earlier ... |
| | | | The Treasury Group (TTG), the funds management incubation and development group, has entered into an agreement to establish a new boutique asset manager to be known as Cannae Capital Partners that will target Australian and New Zealand equities. The ... |
| | | | The Australian stock market had surged into record territory at noon, with Rio Tinto's $44 billion takeover bid for Canadian aluminum producer Alcan underpinning solid gains in the resources sector. At 1200 AEST the benchmark S&P/ASX200 was 44.5 points ... |
| | | | INVESCO's Asian Share Fund has been placed on hold by Standard & Poor's following the departure of its Hong Kong chief investment officer. Patrick Shum's departure is a significant event, according to S&P, and the ratings and research house will be ... |
| | | | The local insurance industry is doing a 'good' or 'exceptional' job of addressing the issue of underinsurance, according to around 50 per cent of CommInsure's largest life risk insurance clients. The survey covered CommInsure's top 43 group risk clients ... |
| | | | The rise of alpha-beta separation and fee-for-service advice is driving new inflows into index funds, according to Susan Darroch, head of structured products at State Street Global Advisors. While recent market returns have done little to harm index ... |
| | | | The Australian share market is expected to open stronger today after a surge in US stocks, partly buoyed by Rio Tinto's $US38.1 billion ($A44.2 billion) takeover for Canada's Alcan Inc. At 0649 AEST on the Sydney Futures Exchange, the September share ... |
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