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NAB expressed interest in AFS business: AMP

WITH AAP  |  FRIDAY, 29 AUG 2003
National Australia Bank Ltd expressed interest in acquiring AMP Ltd's Australian Financial Services (AFS) business through an "off market" sale back in May, it was revealed today. But NAB, which did not present an actual proposal, was told by AMP that ...

Midday market wrap: Local shares enjoy broad-based gains

The Australian share market surged higher at the open, following confirmation the NAB was building a strategic stake in troubled insurer AMP. At midday the All Ordinaries had climbed to 3,193.7, some 15.5 points up on yesterday's close. Shares in the ...

Morning market wrap: Local shares to get boost from raid on AMP

Broader US equity market indexes ended the overnight session flat, with volumes low ahead of the Labor Day long weekend. The Dow Jones industrial average lost 6.7 points (0.1%) to finish at 9,333.8, while the S&P 500 gained less than 0.1 of a percentage ...

Afternoon market wrap: Local shares finish strongly

The Australian share market sustained early gains, driven by continued strong earnings reports and speculation the NAB is keen to continuing building a stake in AMP. The All Ordinaries closed 18.7 points higher at 3,196.9, a new 12-month high. While ...

Midday market wrap: Local shares open higher

The Australian share market rebounded during the morning session, despite a lacklustre performance overnight in major US markets. At midday the All Ordinaries had climbed 11.7 points to 3,179.0, more than recovering the ground lost Tuesday. News Corporation ...

Midday market wrap: Local shares push higher

The Australian share market continued to push higher in morning trade, supported by gains overnight in US markets and a slew of solid earnings reports. At midday the All Ordinaries index was 8.6 points higher at 3,178.5, underpinned by solid advances ...

Afternoon market wrap: Shares end at new 12-month high

The Australian market ended up for the fifth consecutive day, and in the process set a new 12-month high. The All ordinaries added 10.5 points over the course of the day, closing at 3,180.4. Leading the market higher were major resource stocks, with ...

Afternoon market wrap: Banks push share market higher

The Australian share market crept higher in afternoon trade, the All Ordinaries index eventually closing 2.2 points higher at 3,169.9. Major resource blue-chips and other cyclically-sensitive stocks, including News Corporation and Telstra, all finished ...

Midday market wrap: Local shares mark time

The Australian share market was steady in morning trade, following an easing overnight in major international markets. At midday the All Ordinaries had added less than one point, to stand at 3,168.4. Major resource stocks and News Corporation lost ground ...

Midday market wrap: Local shares, bonds stronger

Australian shares traded higher in the morning session, following modest rises overnight in the US. Resource blue-chip Rio rose a further 45c to $33.45, although BHP Billiton shed 6c to $10.67. Major banks posted a similarly mixed story, with Westpac ...