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Market wrap - morning

AAP | WEDNESDAY, 20 JUN 2007

... 1,533.70. The Nasdaq Composite Index edged ahead 0.16 of a point to 2,626.76. LONDON - UK stocks fell, dragged down by retailer Tesco, which reported a slowdown in sales growth and predicted a tough year. The FTSE 100 lost 53.3 points to 6,650.2. FRANKFURT ...

Hands off our turf: Westpac

Market wrap

AAP | WEDNESDAY, 26 APR 2006

... fell for a fourth straight day. LONDON - British shares dipped, clouded by weakness in heavyweight market components BP and Tesco after results from the oil major and the retailer failed to surprise. The FTSE 100 closed at 6086.6, down 12.1 points. FRANKFURT ...

David Jones adds more financial services to shopping list

... financial products such as home loans and insurance, walking on the same path that British high street retailers such as Tesco and Sainsbury's took several years ago. As part of the expansion, David Jones has appointed Damian Eales as the group general ...

Market wrap

AAP | MONDAY, 27 MAR 2006

... while the S&P 500 slipped 0.3 per cent and the Nasdaq rose 0.3 per cent. LONDON - UK stocks closed at five-year highs, with Tesco hitting a record peak on hopes it will squeeze cash from its property assets, but insurer Prudential fell after rival Aviva ...

TOWER deny reports they intend selling insurance through supermarkets

... traditional products," says Minto. Financial Standard believes the confusion arose because Minto used UK supermarket chain Tesco to illustrate how financial services products can be distributed through non-traditional channels provided the strategy is ...

Morning market wrap: US stocks jump after Fed leaves rates unchanged

... 1,887.3. In London, the FTSE 100 closed at a new 12-month high, supported by a strong earnings report from supermarket chain Tesco. The major UK index gained 38.1 points (0.9%), closing at 4,299.0. The Fed's decision had little impact in the US Treasuries ...

Morning market wrap: US Stocks Slump Friday As Confidence Wanes

... points (0.1%) lower at 4,156.6, as the disappointing US economic data offset a strong sales report from supermarket giant Tesco. In US bond markets, Treasury yields continued their dramatic declines of recent weeks. The yield on the 2-year note closed ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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