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Showing 1771 - 1780 of 1816 results for "GIA"

AMP reportedly set to begin $1.15 billion capital raising

WITH AAP  |  MONDAY, 8 SEP 2003
Financial services group AMP Ltd is reportedly finalising plans for a $1.15 billion rights issue to bolster the financial position of its Australian operations, before they are separated in the upcoming demerger from the insurance giant's UK business. ...

Federal Government to stay out of Telstra share buyback

The Federal Government will not participate in Telstra's $1 billion share buyback, Finance Minister Nick Minchin said today. Senator Minchin said the Government's 50.1 per cent stake in the telecommunications giant meant participation in the buyback ...

Afternoon market wrap: Local shares end lower

After dipping in and out of positive territory, the All Ordinaries eventually closed almost six points lower at 3,175.0. The market was dragged lower by the major banks, including a 96c fall in the CBA to $28.73. Among other blue-chips to endure losses ...

Midday market wrap: Australian shares edge higher

Australian shares opened modestly stronger this morning, following gains Friday in major US and European markets. US markets were buoyed by a solid earnings result from Microsoft, and positive comments from telecommunications giant Ericsson. Locally ...

Increase in Government unfunded super liabilities may cause super vacuum

An analysis of the 2003/04 budgets by Rice Walker Actuaries has revealed that unfunded superannuation liabilities for the states and territories - excluding Queensland - rose to $40.6 billion in 2003, up from $37.2 billion in 2002. This $3 billion increase ...

Government clears the way for radical Telstra sale

WITH AAP  |  TUESDAY, 8 JUL 2003
Prime Minister John Howard said today that if the Federal Government sold its stake in Telstra it could still have a say in the telecommunication giant's services. "You don't need to own Telstra to tell it what to do," he said. His comments follow speculation ...

US ruling approves US$750 million WorldCom settlement

WITH AAP  |  TUESDAY, 8 JUL 2003
A US federal judge has approved a US$750 million (A$1.1 billion) settlement between WorldCom and market regulators regarding the bankrupt telecom giant's 11 billion dollar accounting fraud. "The court is convinced that the proposed settlement is not ...

Southcorp appoints McClintock chief financial officer

WITH AAP  |  TUESDAY, 24 JUN 2003
Australia's biggest winemaker, Southcorp Ltd, today appointed Steve McClintock chief financial officer. Mr McClintock had been acting in the position since April this year. "The fact that someone with Steve's experience decides to join us full-time ...

Southcorp chief denies sale rumours; S&P downgrades credit rating

After months of wine industry speculation that Foster's Group Ltd may be courting the company for takeover, Southcorp Ltd chief executive John Ballard today said the troubled wine making business was "absolutely not" for sale. Southcorp expects to make ...

Southcorp's S&P credit rating lowered to BB+/B

Ratings Service Standard & Poor's has lowered wine industry giant Southcorp's credit rating from BBB/A-3 to BB+/B it has announced. "S&P's release refers to the potential for asset write-downs at the end of the 2003 financial year," Southcorp said. ...