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La Trobe Pooled Mortgages Option gets record rating

MARK SMITH  |  FRIDAY, 6 FEB 2015
... August 2014." "The La Trobe Financial Group has continued to remain strong, even when some of its competitors have had to close down. SQM Research views the prudent measures put in place at La Trobe favourably," Christopher added. La Trobe Financial ...

Market Wrap AM

AAP  |  FRIDAY, 6 FEB 2015
... tech-rich Nasdaq Composite Index advanced 48.39 (1.03 per cent) to 4,765.10. US oil prices gained more than four per cent to close above $US50 a barrel, lifting petroleum stocks. Dow member ExxonMobil climbed 1.0 per cent, while oil-services giant Halliburton ...

Market wrap

AAP  |  THURSDAY, 5 FEB 2015
... offset gains in the financial sector. The market was in negative territory for most of the morning session but could again close in positive territory, which would be an eleventh straight day of gains, IG market strategist Evan Lucas said. "We are almost ...

Easing here, there and everywhere

BENJAMIN ONG  |  THURSDAY, 5 FEB 2015
And an easing here, an easing there, everywhere an easing... Just a day after the Reserve Bank of Australia (RBA) joined the central bank surprise club and decided to ooh, ahh, "have what they're having", and two days after I typed on this space "and ...

Market Wrap AM

AAP  |  THURSDAY, 5 FEB 2015
... renegotiate its vast international bailout deal. Frankfurt's DAX 30 index advanced to a 0.19 per cent gain to a record high close of 10,911.32 points, and in Paris the CAC 40 rose 0.39 per cent to 4,696.30 points. However London's FTSE 100 slid 0.17 ...

Market Wrap PM

AAP  |  WEDNESDAY, 4 FEB 2015
... rebounding oil prices lift energy and mining stocks. The market is more than 1.2 per cent higher at noon, and a stronger close will mark its longest winning run since mid-2013. BHP Billiton and iron ore miner Fortescue Metals were among the best performers ...

Suncorp tight-lipped on CEO departure

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
Suncorp Group has refused to comment on speculation that its chief executive Patrick Snowball will retire from his role and that a successor will be appointed at the end of 2015. "As the Chairman has indicated, it is prudent that the Board has an active ...

Federation Centres and Novion tee up merger

MARK SMITH  |  WEDNESDAY, 4 FEB 2015
... exchanged for 0.8225 Federation securities, which implies a current Novion value of $2.55 per share relative to Novion's last close of $2.32. Based on the exchange ratio, existing Novion security holders will own approximately 64% of the merged group ...

AMP Capital trims global infrastructure equity team

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
The latest restructure at the AMP Capital global infrastructure equity team has resulted in three redundancies among the fund manager's top ranks. AMP Capital head of infrastructure for Australia and New Zealand Paul Foster will leave the business ...

Market Wrap AM

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
... financial crisis after the RBA rate cut. The market rose by more than 1.4 per cent in its ninth straight day of gains, to close at its highest level since June 2008. The benchmark S&P/ASX200 index was up 82.1 points, or 1.46 per cent, at 5,707.4, while ...