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Showing 4601 - 4610 of 6940 results for "% December"

Market Wrap - Midday

AAP  |  THURSDAY, 19 MAY 2011
The Australian dollar was higher at noon, as news that Japan had fallen into a technical recession failed to spook currency traders. At 1200 AEST, the Australian dollar was trading at 106.51 US cents, up from 106.24 cents on Wednesday. Since 0700 AEST ...

Investor revolt threatens 30 fund managers

ALISON BEVEGE  |  WEDNESDAY, 18 MAY 2011
An action group of disgruntled investors are trying to remove the 30-member management team of Wellington Premium Income Fund. The unit-holder action group says it represents 27 per cent of the investors in PIF and has taken steps to convene a meeting ...

Bank profits exceed 25 per cent

ALISON BEVEGE  |  WEDNESDAY, 18 MAY 2011
Australia's bank profit margins exceeded 25 per cent with the big four earning more than 80 per cent of total interest income, the Australian Prudential Regulation Authority said in its Quarterly Bank Performance Statistics report today. The big four ...

New ETFs hit booming market

ALISON BEVEGE  |  TUESDAY, 17 MAY 2011
Exchange-traded fund provider Vanguard launched three new funds yesterday as the popularity of the product explodes. At an investor presentation yesterday to mark the launch of three new ETFs, Vanguard said there had been a 70 per cent increase in the ...

TOWER completes share sale

MATT WOODINGTON  |  THURSDAY, 12 MAY 2011
Life insurer TOWER Australia announced that shares held by the company and its shareholders have now been transferred to TAL Dai-ichi Life Group. TOWER, which will be renamed TAL in November, said in a statement to the ASX that shareholders will be ...

Bans hit bad planners: ASIC

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
Three financial advisers and a financial services firm are facing work bans and prosecution after separate ASIC investigations. A former financial adviser who fraudulently withdrew $600,000 from his clients' accounts has pleaded guilty in court to six ...

UniSuper to shed mandates

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
Higher education superannuation fund UniSuper has topped the league tables for holding the most mandates in 2010 according to Rainmaker's latest Mandate Chaser report. But that is a bad thing, said John Pearce, chief investment officer of UniSuper ...

Apostle Asset builds distrib team

ELISE BURGESS  |  THURSDAY, 12 MAY 2011
Apostle Asset Management is building their distribution team as it prepares to capitalise on investor's renewed interest in equities. The investment manager has appointed Greg Johnson as director of sales to expand its distribution team. "With the recover ...

Macquarie top mandate catchers

ALISON BEVEGE  |  WEDNESDAY, 11 MAY 2011
Investment managers Macquarie Group won 20 new mandates last year - the most of any institution - putting it well ahead of second-placed Schroders according to the latest edition of Rainmaker's Mandate Chaser report. Schroders won 14 mandates, beating ...

New Westpac chairman announced

RACHEL DAVIS  |  WEDNESDAY, 11 MAY 2011
Ted Evans, Westpac Chairman, has announced his decision to retire and his successor was revealed to be fellow board member, Lindsay Maxsted. Mr. Evans joined Westpac's Board in 2001 and became Chairman in 2007. "With the success of the St.George merger ...