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A desert island without food... better than managing super

LAURA MILLAN  |  FRIDAY, 5 JUL 2013
Being on a desert island without food, a visit to the dentist or a week without watching television are some of the things that Australians would prefer to do before managing their superannuation. At the same time, 46% of Australians monitor their super ...

Market Wrap AM

AAP  |  FRIDAY, 5 JUL 2013
... oil and shares in energy companies. The strong gains marked another day of market volatility, with shares shifting between big losses and big gains each day this week. The benchmark S&P/ASX200 index on Thursday was up 50.6 points, or 1.07 per cent, at ...

Slow growth and regulatory burden top insurance industry fears

MARK SMITH  |  THURSDAY, 4 JUL 2013
Macroeconomic trends, a slow growth rate in an environment of lower asset returns and stricter regulation are the biggest risks to the insurance industry, according to a new report from Ernst & Young (EY). In Business Pulse: Exploring the dual perspectives ...

Market Wrap

AAP  |  THURSDAY, 4 JUL 2013
... a lot of movement today will be quite violent because people don't have the gauge of what's going on in the US with their big holiday - so there will be a lot of positioning and correction." All sectors were up with energy companies the best performers ...

Retirees warned: beware the 'great rotation'

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
... equities and into bonds in the search for a reliable income stream, then retirees may find themselves on the wrong end of a big global trade," AXA IM's Director of Australia & New Zealand Craig Hurt said. However, Hurt said that while high rated government ...

AMP to buy stake in NZ power co from Brookfield

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
A consortium led by AMP Capital (AMP) is set to acquire a 42% stake in New Zealand's second biggest electricity and gas distribution company, Powerco NZ Holdings Limited (Powerco), pending the approval the New Zealand Overseas Investment Office. The ...

Westpac launches tailored info service for online investors

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
... year or so after Westpac launched its upgraded online investing app for smartphones and tablets. The apps have taken off in a big way. "We're seeing a huge take up, particularly among our active investors," Staltari said. "Over the last year, we've had ...

Market Wrap

AAP  |  WEDNESDAY, 3 JUL 2013
Australian stocks have pulled back sharply as the volatile start to the new financial year continues. The market was more than 1.3 per cent lower in early trade on Wednesday, wiping away some of the $27 billion gains posted in the previous day's session. ...

Is that a fiscal stimulus I smell?

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2013
... China growing strongly again? Is the credit crunch there over? Are commodity prices back up? Nah, the same worries over our big and closest brother are still there. Aussie equities rallied because, according to the financial presses, "the RBA has kept ...

Market Wrap AM

AAP  |  WEDNESDAY, 3 JUL 2013
The Australian market looks set to follow Wall Street's downward lead and open lower, a day after rising 2.5 per cent and posting its biggest gains since October 6 2011. US stocks reversed early gains and ended lower on revived concerns about the eurozone ...

Editor's Choice

Former chief financial officer at Rest returns in new role

VINNY VUCAGO  |   11:16AM
Rest is welcoming back it's former chief financial officer as its inaugural chief commercial officer.

Macquarie chair provides 'cautious' outlook at AGM

ELIZA BAVIN  |   12:36PM
Macquarie Group has provided its first quarter update at its AGM, with outgoing chief executive Shemara Wikramanayake describing trading conditions as "satisfactory".

GDG delivers 36% jump in FUM

RIDDHIMA TALWANI  |   12:36PM
Generation Development Group has reported strong growth to the year ending June 30.

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |   12:30PM
The brother of Australian breakdancing Olympian 'Raygun' has been sentenced 12 months' imprisonment for his role in a global cryptocurrency scam.

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Hugh Killen

Hugh Killen

MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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