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Market Wrap - Midday

AAP  |  MONDAY, 17 OCT 2011
The Australian share market was more than 1.5 per cent higher at noon after gains on Wall Street and signs of optimism about a solution to the European debt crisis. The benchmark S&P/ASX200 index gained 68.4 points, or 1.63 per cent, to 4,274 and the ...

Gen Y prefers face-to-face insurance

ELISE BURGESS  |  MONDAY, 17 OCT 2011
Gen Y Business Owners opt for financial advice when it comes to business insurance despite online being their main source of research and other forms of financial servicing, according to a new study. In a study by a research group, most Gen Y Business ...

Market Wrap - Morning

AAP  |  MONDAY, 17 OCT 2011
The Australian market is set to open higher on Monday on optimism that eurozone leaders are finally pushing forward to resolve the debt crisis and positive US data and corporate earnings. At 0730 AEDT on the ASX 24, the December share price index futures ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... Capital. As such, Opus has now offered ASIC the enforceable undertaking stating Opus will not rely on deferred tax assets or sale and performance fee assets for the purposes of meeting its Net Tangible Asset (NTA) conditions or classify these assets ...

Citi mandates Fidessa for global derivatives platform

MATT WOODINGTON  |  FRIDAY, 14 OCT 2011
Citi has mandated UK based software provider Fidessa to deliver a workflow and trading platform for its global listed derivatives business. Fidessa will install a global order management and distributed low-latency execution platform as well as its ...

Market Wrap - Midday

AAP  |  THURSDAY, 13 OCT 2011
The Australian share market opened slightly higher, with broad-based gains against a positive international backdrop of growth. At the open (AEDT), the benchmark S&P/ASX200 index gained 40.8 points, or 0.97 per cent, at 4,245.1 and the broader All Ordinaries ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 12 OCT 2011
Australian shares fell in morning trade, extending early losses on profit-taking investors. The market opened half a per cent lower on Wednesday after dramatic falls on overseas metals markets and a weak start to the US reporting season overnight. By ...

Life insurance sales close in on $10bn

ELISE BURGESS  |  TUESDAY, 11 OCT 2011
Life insurance risk market inflows climbed 10% in the 12 months to June 2011 from $8.9 billion to $9.8 billion with TAL, Zurich and AIA recording the three highest inflows. Group risk had a rougher year with mixed results. According to Plan For Life ...

T. Rowe Price appoints former ING IM manager

CLAIRE MCGREAL  |  MONDAY, 10 OCT 2011
The former wholesale business development manager at ING Investment Management in Sydney has been named as the new business development manager at T. Rowe Price. Heath Branigan will be focused on adviser distribution at the global investment management ...

Northern Trust awarded $24bn custody mandate

ELISE BURGESS  |  MONDAY, 10 OCT 2011
Northern Trust will provide a full range of master custody and related services for the newly formed $24 billion Commonwealth Superannuation Corporation. It is the custodian's first full service super fund client. Starting early next year, Northern ...