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| | | The Australian market looks set to open higher following gains on Wall Street and European markets after data showed German investor confidence had returned for the first time this year. At 0852 AEST on Wednesday, the December share price index futures ... |
| | | | ... to prioritise meeting our customers' needs, refocusing our investments and executing better." NAB was the only one of the big four banks to report a decrease in profits. CBA announced net profits of $8.68 billion, a 12% increase. ANZ delivered profits ... |
| | | | ... headed NAB's Bank of New Zealand subsidiary, took home $2.22 million for the year. Both men earned less than their fellow "big four" bank chief executives. Westpac boss Gail Kelly took home $12.7 million for the year, while ANZ's Mike Smith was paid ... |
| | | | ... flat on Friday. He said materials and energy stocks had been the best performers but the market had been weighed down by the big four banks. "As long as these banks continue to struggle it will really be hard to see the market push much higher," he said. ... |
| | | | ... reflects a number of technical factors, including the restructuring of the Westfield group, and because Westpac did not repeat a big special dividend paid last year. Underlying growth in Australian dividends was 7.3%. Though global headline growth was ... |
| | | | ... advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen a reduction in adviser numbers during the last quarter, according to Rainmaker Information ... |
| | | | Promises, promises. The G20 gabfest has come... and gone, but were it not for the much-awaited "will he, won't he" - that is, will Tony "shirtfront" Vlad, won't he? - 'twas, for all intents, and purposes as sleepy as Brisbane is. Oh yeah, Australia ... |
| | | | Australia's share market has opened slightly lower, with the major banks lower and the big miners mixed. Lonsec senior client adviser Michael Heffernan said there had been a lack of major corporate or economic news to drive the market all week. "This ... |
| | | | ... National Australia Bank was 29 cents lower at $32.36. Property groups were also weaker, along with the energy sector. The big miners were mixed, with BHP Billiton down 1.5 cents at $33.18 but Rio Tinto up 15 cents at $59.56 and Fortescue Metals steady ... |
| | | | ... their annual general meetings. In Australia, the market on Wednesday was sharply lower, pulled back by weakness among the big banks and the major miners. The lack of consumer confidence in the general economy, which could constrain credit growth and ... |
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