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Telstra announces off market share buy back

AAP  |  FRIDAY, 3 OCT 2003
Telstra Corp Ltd today said it would buy back between $800 million and $1 billion of its own shares in an off market tender process. Telstra, which had flagged the possibility of a share buyback when it announced its full year results recently, said ...

Midday Market Wrap: Wall Street encourages Australian shares; dollar strong

The Australian share market, led by the banks, media and miners, continued to move higher to noon, encouraged by the solid rise on Wall Street overnight. The benchmark S&P/ASX 200 index improved 27.8 points to 3187.0 while the all ordinaries added 27.6 ...

Macquarie Bank buys into UK water firm for $948m

AAP  |  THURSDAY, 2 OCT 2003
Macquarie Bank Ltd today said it had acquired British water utility South East Water plc (SEW) and its affiliated businesses for about $948 million. SEW is the second largest of the 12 Water Only Companies in Britain and supplies 400 million litres ...

Afternoon market wrap: $A rockets to five-and-a-half year high

The Australian dollar rocketed to its highest level in five-and-a-half years today and looks set to fly past 70 US cents this year. Its faster than expected rise has some currency experts now raising their expectations about how high the local dollar ...

Morning market wrap: US stocks sag, bonds soar on weak data

Jittery US stock markets fell further, and bond prices jumped, following a slew of surprisingly weak economic data and a downbeat earnings forecast from a tech sector bellwether. The Dow Jones industrial average ended the day 105.2 points (1.1%) lower ...

Afternoon market wrap: Nikkei inches up despite earthquake

Tokyo stocks inched up today as afternoon buying of oversold issues overcame concerns about damage caused by a powerful earthquake that rocked Japan's northern island of Hokkaido. The US dollar was down against the Japanese yen. The Nikkei Stock Average ...

Midday market wrap: Banks keep ASX above water

AAP. COMMONWEALTH SECURITIES  |  FRIDAY, 26 SEP 2003
Positive trading in the banking sector kept the Australian stock market above water at noon, following a nervous start and losses on Wall Street overnight. By 1200 AEST, the benchmark S&P/ASX 200 index was up 6.2 points to 3179.0, while the all ordinaries ...

ANZ still has some hurdles to jump in NBNZ aquisition

AAP  |  FRIDAY, 26 SEP 2003
The New Zealand regulator may have cleared the way for ANZ Banking Group Ltd to acquire the National Bank of New Zealand (NBNZ) but there are still a few hurdles left for the Australian bank to jump. ANZ is the only bank ready to buy NBNZ from Lloyds ...

ATO to crack down on GST evasion

The tax office will take a tougher approach to consumers paying "under-the-table" for services following recommendations from a special black economy taskforce. The report, released yesterday by Tax Commissioner Michael Carmody, said the introduction ...

Morning market wrap: US stocks rise slightly

US stocks rose slightly as investors banked on better economic times ahead and started buying up some technology stocks. In London, the index trailed lower as mining stocks extended further falls following a drop in the US dollar. The Japanese market ...