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Market wrap

AAP  |  FRIDAY, 28 APR 2006
The Australian share market should open weaker as softer commodity and base metal prices should lead to a continuation of the profit taking that emerged yesterday. Although financial stocks continue to perform well, a fall in base metals, gold and the ...

Market wrap

AAP  |  THURSDAY, 27 APR 2006
The Australian share market should open slightly lower as some profit taking in the resources sector is likely to emerge after the market ran to fresh record highs yesterday. However, stock-specific news, particularly in the financial sector, could ...

MLIM stands firm but S&P puts funds on hold

HAMISH MADDEN  |  FRIDAY, 21 APR 2006
Merrill Lynch Investment Managers (MLIM) has reassured clients and investors that it remains confident and committed to the Australian market, despite S&P placing its Australian equities funds on hold after the sudden departure of three key team members. ...

Key staff walk out on MLIM

HAMISH MADDEN  |  THURSDAY, 20 APR 2006
Three of Merrill Lynch Investment Management's (MLIM) seven key Australian equities team members walked out yesterday, just two months after the announcement that BlackRock and Merrill Lynch would merge. Zenith today issued a statement announcing that ...

Daily economic update

A higher-than-expected US core CPI reading cancelled out yesterday's positive mood in the financial markets brought about by good news on producer price inflation and the minutes of the March FOMC meeting, which raised hopes that US rate rises are about ...

Trafalgar shifts strategy and ditches some non-core assets

HAMISH MADDEN  |  THURSDAY, 20 APR 2006
Trafalgar Corporate Group announced yesterday that it had entered into agreements to divest the management rights to its Trafalgar Enhanced Income Fund while also selling a showroom which is part of the Fujitsu complex in Brisbane. The move comes as ...

Market wrap

AAP  |  WEDNESDAY, 19 APR 2006
The Australian share market should open firmer as a combination of a surge in US stocks, record commodity and base metal prices and fresh highs in the oil price virtually ensure an extension of yesterday's gains. Whilst there is the potential for some ...

AMP stalwart tipped to replace Genesys MD

KATE HAGE  |  THURSDAY, 13 APR 2006
It was exclusively revealed to the Financial Standard yesterday that Genesys Wealth Adviser's (Genesys) managing director, Ray Miles, would step down in coming months with rumours of a high profile replacement. A source also revealed to the Financial ...

SG not a tax: Tax Inquiry

ALEX DUNNIN  |  THURSDAY, 13 APR 2006
Treasurer Costello's long awaited international tax comparison report has reluctantly agreed that the 9 per cent SG is not a tax. However, the 412 page report, released yesterday, gives few other clues about which way the government might budge regarding ...

We need professional education courses that set advisers apart: AFA

KATE HAGE  |  WEDNESDAY, 12 APR 2006
... whether it should be done through education or through demerit points? I think education has to be the way of the future, and yes you have to use a stick when required but I don't think that is all of the time." Klipin said that while the AFA's post ...