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S&P react to TOWER PrefSure deal

S&P ratings services (S&P) have reacted to yesterday's announcement that TOWER group (TOWER) has bought PrefSure Life Ltd (PrefSure) to shore up and grow their master trust and life insurance business. S&P have left TOWER's ratings unchanged for now ...

Market wrap

AAP  |  TUESDAY, 31 JAN 2006
The Australian share market should open slightly stronger following a positive lead from overseas markets. US stocks were flat on Monday as record profit at Exxon Mobil Corp lifted energy stocks, but the gains were offset by weakness in financial and ...

Market wrap

AAP  |  FRIDAY, 27 JAN 2006
The Australian share market should open higher following a positive lead from Wall Street and other international markets. US stocks climbed overnight, helped by stronger-than-expected earnings from heavy equipment maker Caterpillar Inc. and a government ...

Market wrap

AAP  |  WEDNESDAY, 25 JAN 2006
The Australian share market should continue to climb today following a positive lead from Wall Street overnight, with higher base metal prices likely to provide a further boost to resources stocks. Investors will also be looking to the release of the ...

Government moves to dampen super tax cut heat

Minister for Finance and Administration, Senator Nick Minchin, has issued a statement seeking to redress remarks he made in a speech on Sunday that were widely reported as a push for government to cut the super contributions tax. Minchin, who made the ...

Market wrap

AAP  |  TUESDAY, 24 JAN 2006
The Australian share market should regain lost territory today following a rally on Wall Street overnight. The local bourse should also find support from resources stocks after a rise in base metal prices. The Australian share market closed sharply ...

Minchin weighs in on super tax cut debate

Senator Nick Minchin has joined industry body, ASFA, in pushing the government to cut the 15 per cent tax on super contributions in a move they claim could add an extra $30 per week to retirement savings. Addressing the Young Liberal Movement federal ...

Market wrap

AAP  |  MONDAY, 23 JAN 2006
The Australian market should open lower following sharp declines on Wall Street on Friday. US stocks suffered their biggest loss in nearly three years on Friday, plummeting on disappointing earnings from blue chips Citigroup Inc. and General Electric ...

Market wrap

AAP  |  FRIDAY, 20 JAN 2006
The Australian share market could open a touch higher following a positive lead from Wall Street overnight. US stocks climbed on Thursday as robust earnings from online marketplace eBay Inc. and chipmaker Advanced Micro Devices Inc. revived optimism ...

AWM and Select form $22bn merger

Australian Wealth Management Limited (AWM) and Select Managed Funds Limited (Select) will merge, after their boards and major shareholders waved the proposal through yesterday. The merged group, with funds under administration, management and advice ...