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Morningstar confirms buy-out of Aspect Huntley

KATE HAGE  |  MONDAY, 3 JUL 2006
International research and ratings house Morningstar has paid $30 million to acquire Aspect Huntley, the Sydney based market research group and owner of industry publications IFA and Investor Weekly. The announcement comes two months after Financial ...

Bravura hits the ASX on the up

HAMISH MADDEN  |  THURSDAY, 29 JUN 2006
Bravura Solutions debuted on the Australian Stock Exchange (ASX) yesterday, finishing the day's trading up around 10 per cent on its issue price. Bravura (ASX: BVA) raised $40 million issuing 35.7 million shares at a listing price of $1.12 per share ...

VFMC busted investing with tobacco giant

The public servants' fund of Victoria, Victorian Funds Management Corporation (VFMC), has been targeted for being invested in Altria, the parent company of Phillip Morris. It was reported that Victorian Premier Steve Bracks has come out in defence of ...

Financial Wisdom grows and goes its own way

HAMISH MADDEN  |  MONDAY, 26 JUN 2006
Dealer group Financial Wisdom continues to develop its progressive services and strategies while at the same time expanding its network, announcing it now has 410 advisers under its umbrella. General manager of Financial Wisdom, Paul Barrett, said the ...

Market wrap

AAP  |  FRIDAY, 23 JUN 2006
The market is expected to open lower with a slightly higher oil price and mixed based metal prices unlikely to offset falls on Wall Street. On the Sydney Futures Exchange the September share price index was 20 points weaker at 4965. On the day gaming ...

Market wrap

AAP  |  TUESDAY, 20 JUN 2006
The Australian sharemarket is expected to open lower as a weak US lead and falls in base metal prices are anticipated to be partly offset by bargain hunters looking to capitalise on yesterday's losses. On the Sydney Futures Exchange the September share ...

SFE claims first ASX scalp

KATE HAGE  |  THURSDAY, 15 JUN 2006
The merger that was once touted as a fait accompli took an interesting turn yesterday as Australian Stock Exchange (ASX) shareholders moved to oust their chief executive, Tony D'Aloisio, in order to win support for what has become a stalled merger with ...

Market wrap

AAP  |  WEDNESDAY, 14 JUN 2006
The Australian share market is expected to open weaker despite yesterday's rapid fall as a sea of red across global equity markets overnight suggest a continuation of the selling that hit the domestic bourse yesterday afternoon. Yesterday the investors ...

Market wrap

AAP  |  TUESDAY, 13 JUN 2006
The Australian share market is expected to open weaker as softer overseas markets set a negative tone for the local bourse. The domestic market was closed yesterday for the Queen's Birthday public holiday but is expected to reopen and follow the softer ...

Self-congratulatory advisers still ignoring lower end market

KATE HAGE  |  FRIDAY, 9 JUN 2006
Advisers were giving themselves a pat on the back yesterday over newly commissioned research that showed consumers were satisfied with their level of advice, but many consumers say they are still left wanting for broader advice at the lower end of the ...