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Market Wrap - Midday

AAP  |  WEDNESDAY, 30 SEP 2009
The Australian sharemarket was relatively flat at noon, holding its position ahead of the release of key US economic data and an overnight fall on Wall St. At 1200 AEST, the benchmark S&P/ASX200 index was down 7.1 points, or 0.15 per cent, at 4746 ...

Macq Global Investments wins mandates...

MICHAEL HOBBS  |  WEDNESDAY, 30 SEP 2009
Macquarie Global Investments' Professional Series has been awarded an investment mandate from industry super fund Cbus and a nod from van Eyk. A statement from the bank said Cbus had invested a significant amount into the Scotland-based fund manager ...

...and adds to insto sales team

MICHAEL HOBBS  |  WEDNESDAY, 30 SEP 2009
Macquarie Global Investments has appointed James Duivenbode to its institutional sales team, replacing Angus Carson who left to the firm a couple of months ago. Duivenbode joins the team after working across a number of investment areas including private ...

Tower to upgrade Accelerate platform

RUTH LIEW  |  MONDAY, 28 SEP 2009
Fresh from winning a $600 million insurance mandate from AustralianSuper, Tower is now improving its retail insurance offering with the October launch of its new Accelerated Protection platform. Tower is expected to unveil a revamped insurance product ...

Market Wrap - Midday

AAP  |  MONDAY, 28 SEP 2009
The Australian sharemarket was over one per cent lower at noon on speculation that more evidence of improving company performance is needed to justify the recent run to a 12-month high. Investor sentiment turned negative after US stocks closed lower ...

Market Wrap - Midday

AAP  |  FRIDAY, 25 SEP 2009
The Australian sharemarket was almost one per cent lower at noon, dragged down by weaker commodities prices. At 1200 AEST, the benchmark S&P/ASX200 index was down 33.5 points, or 0.71 per cent, at 4667.7, while the broader All Ordinaries fell 37.9 points ...

SMSFs snap up blue chip shares

RUTH LIEW  |  FRIDAY, 25 SEP 2009
Self-managed super fund trustees are now placing blue chip shares on the top of their buying list after brushing off last year's market carnage, research shows. With markets on an upward trajectory and investor sentiment turning towards the positive ...

Market Wrap - Morning

AAP  |  FRIDAY, 25 SEP 2009
The Australian sharemarket is likely to open lower on Friday after US equities slumped on a surprise drop in home sales, and commodity prices also declined overnight. At 0650 AEST on the Sydney Futures Exchange, the December share price index contract ...

Market Wrap - Morning

AAP  |  THURSDAY, 24 SEP 2009
The Australian sharemarket is likely to open lower on Thursday after US equities and commodity prices declined overnight. At 0746 AEST on the Sydney Futures Exchange, the December share price index contract was down 28 points at 4719. In economic news ...

GIC pockets $1.8 billion from Citi sale

RUTH LIEW  |  WEDNESDAY, 23 SEP 2009
... reduced its 9 per cent stake in Citigroup to below 5 per cent through open market sales. According to overseas reports, the sale generated a $1.6 billion profit for GIC. The initial 9 per cent stake was bought on 11 September when GIC exchanged its $7.9 ...