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Adelaide Bank targets growth through wealth management

WWW.THESHEET.COM  |  THURSDAY, 21 SEP 2006
Retiring Adelaide Bank chief executive, Barry Fitzpatrick, said the bank will aim for greater revenue diversification by ramping up the wealth management side of the business. Fitzpatrick's report in the bank's annual report, released yesterday, reveals ...

Market wrap - morning

AAP  |  THURSDAY, 21 SEP 2006
The Australian share market is expected to open stronger today following the US Federal Reserve's decision to hold interest rates at 5.25 per cent. On the Sydney Futures Exchange at 0727 AEST, the September share price index contract gained 20 points ...

Market wrap - morning

AAP  |  WEDNESDAY, 20 SEP 2006
The Australian share market is expected to open softer today as US stocks weakened and a military coup in Thailand shook world financial markets. On the Sydney Futures Exchange at 0739 AEST, the September share price index contract fell 27 points to ...

Daily economic round-up

PETER BELL  |  TUESDAY, 19 SEP 2006
Following on from his comments that the Australian Government would look towards backing local candidates ahead of importing skills, Prime Minister John Howard said the skills shortage had arisen as a result of good management by the government, while ...

Commonwealth revives Colonial hybrid

WWW.THESHEET.COM  |  TUESDAY, 19 SEP 2006
Commonwealth Bank's treasury managers have revived a controversial funding structure to sell $700 million in hybrid capital. CBA issued a bland and brief announcement yesterday that said the bank planned to issue ill-defined "Funds Management Securities". ...

Market wrap - morning

AAP  |  TUESDAY, 19 SEP 2006
The Australian share market is expected to open little changed today with a flat lead from Wall Street and little news on the domestic front. On the Sydney Futures Exchange at 0738 AEST, the September share price index contract rose two points to 5,092. ...

Market wrap - morning

AAP  |  FRIDAY, 15 SEP 2006
The Australian share market is expected to open lower after a decline on Wall Street on inflation concerns. On the Sydney Futures Exchange at 0728 AEST, the September share price index contract was down 26 points to 5,038. Today, Unitab shareholders ...

First Capital approves acquisitions

KATE HAGE  |  THURSDAY, 14 SEP 2006
Listed financial services operator First Capital Group has received shareholder approval to acquire several businesses, including Sydney based separately managed accounts funds manager Explorer Group, and a share in seminar group Empowernet Digital. ...

Market wrap - morning

AAP  |  THURSDAY, 14 SEP 2006
The Australian share market is expected to open higher following a positive lead from Wall Street. On the Sydney Futures Exchange, the September share price index contract was up 17 points to 5038 at 0734 AEST. Today, MBF Australia will release annual ...

Market wrap - midday

AAP  |  WEDNESDAY, 13 SEP 2006
At 1212 AEST, the resources sector remained on track after stumbling yesterday, with mining giant Rio Tinto growing 61 cents to $68.00 and rival BHP Billiton moving up 20 cents to $24.86. Energy stocks were largely mixed, with Woodside Petroleum finding ...