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IOOF Holdings appoints new board chairman following Macek resignation

IOOF Holdings Ltd has appointed Ray Schoer as the new chairman of the board, following Charles Macek's resignation yesterday. Mr Macek resigned from the chairman position in order to take up other business commitments, including the Chairmanship of ...

Afternoon market wrap: Local shares eke out small gains

The Australian share market lost ground in afternoon trade, although the All Ordinaries index eventually finished 2.7 points higher 3,167.7. The gain was enough to push the index to a new 12-month high, with the market supported by another day of earnings ...

Midday market wrap: Local shares creep higher

The Australian share market opened a little stronger Friday, after US markets ended higher overnight but were then followed by weakening futures prices accompanying a widespread power outage. At midday, the All Ordinaries was two points higher at 3,145.2. ...

ASFA comments on IFSA policy statement

IFSA's policy statement that identifies a Retirement Savings Gap, demonstrates the consensus emerging on the inadequacy of Australia's retirement income policy and the key steps needed to address it, according to the Association of Superannuation Funds ...

Midday market wrap: Local shares open higher

The Australian share market followed the lead of US markets overnight, pushing higher throughout the morning session. But gains were mixed across the major sectors and turnover was generally light. News Corporation continued to power ahead, adding 10c ...

New ACCC chief lashes out at critics

WITH AAP  |  WEDNESDAY, 13 AUG 2003
New competition watchdog Graeme Samuel today hit back at critics who have accused him of being a toothless tiger. Mr Samuel, who was appointed head of the Australian Competition and Consumer Commission (ACCC) at the start of August following the retirement ...

Afternoon market wrap: Shares push higher in afternoon trade

The Australian share market followed the lead of US markets overnight, pushing higher throughout the morning session. But gains were mixed across the major sectors and turnover was generally light. News Corporation continued to power ahead, adding 10c ...

Midday market wrap: Local shares claw higher

The Australian share market opened modestly higher, following gains overnight in major international markets. At midday the All Ordinaries index had climbed to 3,140.5, up 4 points on yesterday's close. Leading the market higher were blue-chip resource ...

Investa closes in on 50% interest in POF

Investa Property Group is closing in on obtaining a 50 per cent stake in takeover target Principal Office Fund (POF), it has announced to the market. Investa said today it had now claimed a 44.90% interest in the office fund. Investa snatched up the ...

Afternoon market wrap: Australian shares end lower

The Australian share market sold off in the afternoon session, with the All Ordinaries ending the day down 1.8 points at 3,134.7. The slight fall stands in contrast with gains overnight in US markets, and was driven by the big four banks and blue-chip ...