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Daily economic round-up

PETER BELL  |  MONDAY, 4 SEP 2006
Recent commitments by the state governments of NSW and Victoria to increase spending on infrastructure have been added to by cash rich Western Australia which has announced that as a result of a record 22 per cent increase in annual exports to $47 billion ...

NZ Super Fund scores big but cautions on the future

The New Zealand Superannuation Fund has posted better than expected returns for the third year in a row but has cautioned that its current level of performance will not be sustainable over the long term. The NZ fund, the equivalent to Australia's Future ...

Forget industry funds, focus on advice: AFA

KATE HAGE  |  FRIDAY, 1 SEP 2006
The Association of Financial Advisers (AFA) has implored the advice community to forget any factional fighting with industry funds and put the value of advice squarely back into the spotlight. AFA chief executive officer, Richard Kilipin, said the financial ...

Five major banks spend six times more on ads than super sector

WWW.THESHEET.COM  |  FRIDAY, 1 SEP 2006
Bank spending on advertising for traditional, super and insurance products surged during the June 2006 quarter to its highest level in years, according to estimates compiled by AC Nielsen. The five largest banks spent an aggregate $45.5 million on print ...

Daily economic round-up

PETER BELL  |  FRIDAY, 1 SEP 2006
Signs of a possible slowing in business investment were revealed yesterday when the ABS released data on private sector capital expenditure, which showed an increase of only 1.1 per cent over the June quarter. The annual growth in business investment ...

Daily economic round-up

PETER BELL  |  THURSDAY, 31 AUG 2006
Australian Bureau of Statistics data released yesterday revealed a 0.6 per cent increase in the seasonally adjusted value of retail sales in July to $18.1 billion, largely as a result of a 7 per cent increase in department store sales which accounted ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 30 AUG 2006
The Australian automotive industry continues to struggle with the latest figures from the Federal Chamber of Automotive Industries showing that, following the reduction in tariffs to 10 per cent from 15 per cent in January 2005, locally made light cars ...

XPLAN in demand

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
IRESS, the parent of financial planning software provider XPLAN Technology, has reported its annual results, highlighting that the XPLAN model continues to gather pace with further growth expected as profitability ramps up. Adjusted profit for the group ...

MLC launches into after-tax reporting

HAMISH MADDEN  |  THURSDAY, 24 AUG 2006
With the growing chorus of calls for investment managers to report after-tax returns, MLC has announced it will start reporting after-tax returns for a number of its products beginning immediately. From this month, MLC will begin reporting monthly after-tax ...

Daily economic round-up

PETER BELL  |  THURSDAY, 24 AUG 2006
The Westpac-Melbourne Institute's Leading Index rose by 1.8 points in June resulting in a year on year growth rate of 5.3 per cent, the highest monthly reading since March 2004. The index measures four components of future activity in the approvals ...