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Market wrap

AAP  |  TUESDAY, 29 JUL 2014
The Australian share market is trading flat, though marked by a plunge in the shares of insurer QBE. Lonsec senior client adviser Michael Heffernan said the local bourse was "as flat as a tack". He said overseas leads had been okay, but a profit downgrade ...

NAB sells $1bn worth of UK property loans

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
... to sell A£625 million (AU$1.1 billion) worth of UK commercial property loans to Cerberus Global Investors. NAB said the sale was intended to de-risk its UK Commercial Real Estate (CRE) portfolio, reducing the gross loans balance by 20% to A£2.38 billion. ...

Market Wrap AM

AAP  |  TUESDAY, 29 JUL 2014
The Australian market looks set to open flat following Wall Street's mixed performance after prominent corporate deals and a drop in pending home sales. At 0810 AEST on Tuesday, the September share price index futures contract was down seven points ...

Dip-buying pays

BENJAMIN ONG  |  TUESDAY, 29 JUL 2014
So what's new in world of Wall Street today? In a word... nothing. Not a thing, Virginia. Equities, Treasuries, gold and copper closed basically unchanged overnight. Sure, sure there's still plenty of things to worry about on Wall Street. The latest ...

Market Wrap AM

AAP  |  FRIDAY, 25 JUL 2014
The Australian market looks set to open flat after little change on Wall Street where the S&P 500 inched toward another record high. At 0807 AEST on Friday, the September share price index futures contract was up eight points at 5,540. Locally, no major ...

Certitude appoints new regional manager

MARK SMITH  |  THURSDAY, 24 JUL 2014
Global asset manager Certitude Global Investments has appointed Michael Akele to the newly created role of Northern regional manager (NSW/QLD) and New Zealand. Akele was appointed from within the Certitude ranks, previously serving as state manager ...

Former Macquarie exec resurfaces at BT

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
BT Investment Management has appointed long-term Macquarie executive Andrew Mouat as its new business development manager for institutional clients. Reporting to head of sales and marketing Chris Clayton, Mouat will be responsible for marketing and ...

Market wrap

AAP  |  WEDNESDAY, 23 JUL 2014
The Australian share market has opened higher, buoyed by gains on Wall Street and record production results from BHP Billiton. In the US the Dow Jones finished 0.36 per cent higher after investors welcomed the best existing-home sales figures in eight ...

Group risk sales jump by 88.3% in a year

LAURA MILLAN  |  MONDAY, 21 JUL 2014
Group risk sales experienced a jump of 88.3% in the twelve months to March 2014, the latest Plan for Life insurance risk market inflows report shows. Overall annual risk sales were up by 25.7%, with MetLife leading the pack and reporting a sales increase ...

Down one day, dip buying the next

BENJAMIN ONG  |  MONDAY, 21 JUL 2014
Just when we thought it was no longer safe to go back into the water...... dip buyers again went buying the dip. We don't have to go very, very far back in history to see this for this was clearly on parade just over the past very few days. Recall how ...