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Alternative investments proving hugely popular: Glebe

... found a strong backing with institutional investors (especially for hedge funds). "Anyway you look at it, there is a much stronger growth rate from ethical investments, compared to the overall market," said Mr Harding-Davis. "There is no doubt that the ...

Morning Market Wrap: Dollar sinks below $US0.7000

... we've got to get through is 0.6960," he said. "Bear in mind the Aussie crosses have held up quite well, the US dollar is stronger across the board which is the opposite of what it has been doing over the last six weeks." Local markets are expected to ...

Morning Market Wrap: Caution ahead of data releases

... 1.8 points to 3272.0, while the all ordinaries was down 2.2 points to 3282.4. The Australian dollar opened the week in stronger territory, defying broad United States dollar strength over the weekend. At 0700 AEDT the Australian dollar was trading at ...

Afternoon market wrap: Banks lead local shares lower

... cent, exceeded market expectations and put domestic bonds on a soggy footing. Domestic weakness was then compounded by stronger than expected building approvals in September. Australian building approvals rose 7.5 per cent to 15,936 units in September ...

Midday Market Wrap: Dollar weaker; ASX retreats from early gains

... Australian dollar hit near six-year highs of $US0.7108 in New York overnight but dropped back to the mid 0.7000s after stronger than expected US GDP data was released. The Australian bond market was weaker at noon after a sell-off following the release ...

Building approvals strong: ABS

AAP | FRIDAY, 31 OCT 2003

... last year. The value of total building work approved rose 3.1 per cent to $4.28 billion. Approvals overall were 12.6 stronger than the same time last year.

Afternoon market wrap: Local shares close higher

... the Iraq war. But the Australian dollar closed nearly unchanged, after offshore buyers supported it against a broadly stronger United States dollar. The dollar was trading at $US0.7052/62, compared with yesterday's close of 0.7054/59. The local unit ...

Super funds should dangle a line in the seafood industry

AAP | THURSDAY, 30 OCT 2003

... Australian seafood sales slipped marginally to $2.39 billion last financial year from $2.41 billion, largely due to the stronger Australian dollar and the SARS outbreak. Mr Neal said the industry continued to show a return on investment of between four ...

Midday Market Wrap: Dollar weak waiting for US GDP results

... result is expected to show strong economic growth of more than six per cent in the September quarter. "The US dollar was stronger in anticipation of that, the Aussie weakened in line with the other currencies against the US dollar," he said. Mr Horner ...

Afternoon Market Wrap: All Ords finish higher led by ANZ

... trading in ANZ led blue chips higher despite a slide in BHP Billiton. The benchmark S&P/ASX 200 index closed 19.9 points stronger at 3263.4 while the all ordinaries index rose 20.4 points to 3274.7. "The big mover today was again ANZ, with quite high ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI | 12:01PM

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI | 11:30AM

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI | 12:13PM

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI | 11:50AM

Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Blake Briggs

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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