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Market wrap

AAP  |  THURSDAY, 10 MAR 2005
Australian shares are expected to open lower today after a fall in US stocks overnight as high oil prices raised concerns of an impact on consumer spending. Shares in global miner BHP Billiton and takeover target WMC Resources Ltd surged into record ...

AFS licensees behind the eight ball with account lodgement

Almost 15 per cent of Australian financial services (AFS) licensees are overdue with lodging their 2004 annual accounts and auditor reports with the Australian Securities and Investments Commission (ASIC). The 618 licensees with overdue accounts were ...

Clarification: Former Sanford head banned by ASIC

In yesterday's newsletter it was reported that Dr Goh was also known as Stephen Goh. This is not correct with the actual relationship between the two being father and son. Stephen Goh was involved with Sanford Limited at a later date than Dr Goh and ...

Perpetual reports strong half-year net profit

AAP  |  WEDNESDAY, 23 FEB 2005
Australian investment business Perpetual Trustees Australia Ltd says it expected full year operating profit to grow about 25 per cent in 2004/05 after the company reported a strong rise in first half net profit. Perpetual reported a net profit of $66.836 ...

GPT to team up with Babcock & Brown

General Property Trust (GPT) yesterday announced a joint venture with newly listed investment company Babcock & Brown that will establish a listed and unlisted funds management business. The proposal involves a restructure of GPT that will internalise ...

van Eyk boosts research capabilities with Aegis Equities and Adviser Edge alliance

At its second annual conference yesterday van Eyk's director Mark Thomas announced two new research alliances with Aegis Equities Research and Adviser Edge - a potential alliance in LPT's and syndicates is currently in the pipeline. The initiative followed ...

57.1% boost to Macquarie Goodman profit

AAP  |  FRIDAY, 11 FEB 2005
Macquarie Goodman Group today reported a net profit of $111.1 million, a rise of 57.1 per cent, for the six months to December 31, 2004. The entity, which was formed from the merger of Macquarie Goodman Industrial Trust (MGI) and Macquarie Goodman Management ...

Market wrap

AAP  |  WEDNESDAY, 9 FEB 2005
The Australian share market is expected to open slightly firmer, although stock specific earnings news is likely to be the major factor for investors. The March share price index contract, a key indicator for the day ahead, was steady at 4169 on a volume ...

NAB confirms UK commitment despite expected loss

National Australia Bank yesterday issued a profit warning on its UK operations but confirmed its commitment to the market amid speculation following the sale of its Irish banks - National Irish Bank and Northern Bank. "Following an extensive review ...

Green light for Tower Australian Wealth Management spinoff

AAP  |  FRIDAY, 4 FEB 2005
The High Court of New Zealand yesterday gave final orders approving the arrangement plan for the separation of Tower Ltd's Australian Wealth Management businesses, as detailed in the scheme book, which was put to and approved by the company's shareholders ...