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LMCI's portrait of labour market conditions

BENJAMIN ONG  |  MONDAY, 9 MAR 2015
... payrolls report. US businesses added another 295K heads to their payroll (versus expectations for a 230K add) last month on top of solid gains of 239K in January and December's 329K increase. The unemployment rate dropped to 5.5% in February from 5.7% ...

Market Wrap AM

AAP  |  MONDAY, 9 MAR 2015
... stimulus package and strong US jobs data raises the possibility of a US rate hike soon. Frankfurt's benchmark DAX 30 index of top companies closed up 0.41 per cent to 11,550.97 points after reaching an intra-day record high of 11,600, while in Paris ...

Retail super bounces back

STAFF WRITER  |  THURSDAY, 5 MAR 2015
... the sliding AUD. Cash again returned 2.7% but direct property increased slightly to 10%. A-REITs meanwhile returned 36%. The top five Workplace super funds (by MySuper and default options) were VISSF, IOOF Portfolio Service, IOOF Employer Super, CBA ...

Australia and Switzerland agree tax crackdown

MARK SMITH  |  WEDNESDAY, 4 MAR 2015
Federal Treasurer Joe Hockey and Swiss Ambassador Marcel Stutz have agreed to increase cooperation to tackle tax evasion. Under the agreement, the Australian Taxation Office will automatically receive details of financial accounts such as investment ...

XPLAN is top-rated financial planning software

ALEX GAMBOTTO-BURKE  |  WEDNESDAY, 4 MAR 2015
IRESS' XPLAN has been rated Australia's best financial planning software in Investment Trends' 2014 Planning Software Benchmarking Report. After XPLAN, the next highest-rated planning applications were Rubik Coin and AdviserNETgain. The report also ...

BetaShares funds now available on AMP platforms

ALEX BURKE  |  TUESDAY, 3 MAR 2015
Four BetaShares funds have been added to AMP's North, Summit and iAccess super and investment platforms. The Top 20 Equity Yield Maximiser Fund, FTSE RAFI Australia 200 ETF, S&P 500 Yield Maximiser Fund and Australian High Interest Cash ETF are now ...

CBA appoints top marketing exec

LAURA MILLAN  |  TUESDAY, 3 MAR 2015
Commonwealth Bank (CBA) has appointed a group executive of marketing and strategy, reporting directly to chief executive officer Ian Narev. Vittoria Shortt joined CBA in 2002 and has held a number of roles in the retail banking businesses of CBA and ...

Rubik segment profits hit by business acquisition costs

ALEX BURKE  |  MONDAY, 2 MAR 2015
... that throughout 2015, the group would focus on "retaining [its] recurring revenue base; improving EBITDA margins; and growing top line revenues through increased product penetration in to existing clients." He added, "We anticipate an improvement in ...

Tme to get fiscal

BENJAMIN ONG  |  FRIDAY, 27 FEB 2015
... 12.4% lower than Estimate 1 for 2014-15." (ABS). Now marry this with the latest NAB survey that showed confidence among the top 300 listed firms in the country dropped by 13 points to minus 3 in the fourth quarter of 2014 - the lowest level in two years ...

Market Wrap AM

AAP  |  FRIDAY, 27 FEB 2015
The Australian stock market looks set to open higher after a mixed night in overseas markets. At 0652 AEDT on Friday, the March share price index futures contract was up seven points at 5,885. The Dow Jones index was down 0.2 per cent going into the ...