Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4331 - 4340 of 6940 results for "% December"

ANZ reaches $1.48bn in three months

ELISE BURGESS  |  FRIDAY, 17 FEB 2012
ANZ has recorded an unaudited underlying profit of $1.48 billion for the three months to December 31 2011, calling it a solid result during a difficult global period with volatility also impacting wealth management. In the Group's results, ANZ said ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

AMP results show continued AXA impact

ELISE BURGESS  |  THURSDAY, 16 FEB 2012
AMP Limited FY11 results have shown its AXA merge continues to drag on costs with net profit after tax of $688 million, down 11%, for the 12 months to the end of December. AMP Financial Services meanwhile posted mixed results with North platform and ...

BlackRock chief named QIC's new boss

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Wholesale funds manager QIC has appointed BlackRock head and managing director Damien Frawley as chief executive. Frawley takes over from Doug McTaggart who announced last year he would be stepping down in mid-2012. At BlackRock, Frawley was responsible ...

Westpac posts $1.4 billion profit to December 31

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Westpac made quarterly cash earnings of around $1.5 billion to the end of December, with after tax profits of $1.4 billion for the same period. The unaudited results come just two weeks after the group announced it would be shedding up to 560 jobs as ...

SMSFs focus on risk reduction: report

RACHEL DAVIS  |  WEDNESDAY, 15 FEB 2012
The Self-Managed Super Fund Professionals Association of Australia (SPAA) and Russell Investments today launched the second annual SMSF report which revealed a focus among trustees on risk reduction and increased interest in SMSFs among a younger demographic. ...

CBA profits up 19%, wealth mgmt struggles

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss. The Commonwealth ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 15 FEB 2012
SYDNEY - The Australian market looks set to open lower after further doubt were raised regarding Greece's bailout package and its ability to avoid default, and Moody's ratings cut on six European nations due to the euro zone crisis. At 0817 AEDT on ...

Margin lending suffers from adviser misconception

ELISE BURGESS  |  TUESDAY, 14 FEB 2012
Investment Trends December 2011 Margin Lending Financial Planner Report has revealed 83% of respondents named market conditions as the biggest barrier to margin lending among financial planners. Volatility levels attracted 49% of the vote with higher ...

UniSuper confirms working group

MELANIE TIMBRELL  |  MONDAY, 13 FEB 2012
UniSuper has confirmed it will establish a working group to review the defined benefit funding issues raised last year. The announcement follows a meeting held last Thursday between the UniSuper board, the National Tertiary Education Union (NTEU), the ...