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Midday market wrap: Australian shares move higher

The local share market traded higher in the morning session, following advances overnight in major international equity markets. The market was helped by a modest recovery in AMP, after two days of heavy selling on fears of compliance breaches within ...

ASIC warns investors over offer to buy OneSteel shares

National Exchange Pty Ltd and David Tweed have again come under the scrutiny of the Australian Securities and Investments Commission (ASIC), this time for an unsolicited offer to buy OneSteel shares. ASIC has strongly warned investors considering an ...

Afternoon market wrap: Shares gain more ground in late trad

The Australian share market continued to creep higher in afternoon trade, with the All Ordinaries index ending the day up 11.2 points at 3,135.7. News Corporation was one major stock to defy the broader market move, ending 3c down at $11.75. But the ...

Afternoon market wrap: Local shares lose ground in late trade

The Australian share market pared earlier gains in the afternoon session, with AMP remaining the major drag on the All Ordinaries. The besieged financial services group ended the day off 40c, at $4.35, after leaked reports of possible compliance breaches ...

Midday market wrap: Australian shares dip at the open

The Australian share market opened lower, following declines overnight in major US equity market indexes. At midday the All Ordinaries was down 12.6 points, to 3,110.8. Few sectors of the market were spared, with major banks, resource, media and telecommunications ...

Reserve Bank keeps interest rates on hold for 14th month in a row

The Reserve Bank of Australia (RBA) has announced today that the official cash rate would stay at 4.75 per cent, the third longest rates freeze (14 months in a row) since it began announcing rate movements in 1990. Tim Toohey, senior economist at JW ...

Afternoon market wrap: Shares creep higher in late trade

The Australian share market continued to edge higher in afternoon trade, following mixed moves overnight in major international markets. At the close of trade the All Ordinaries stood at 3,123.4, up 7.6 points on yesterday's close. Leading the market ...

Investa needs 45% stake in POF takeover to have chance: Analysts

WITH AAP  |  TUESDAY, 5 AUG 2003
Investa Group Ltd would have to build a 40 per cent to 45% stake in takeover target Principal Office Fund (POF) to have any chance of toppling POF's own alternative proposal, analysts said today. Analysts said the alternative proposal, put forward by ...

Midday market wrap: Local shares make further gains

Australian shares advanced further in morning trade Friday, following a rise of almost one percent Thursday and gains overnight in major overseas markets. Yesterday's close was the highest in 11 months, with buying this morning again across a broad ...

Afternoon market wrap: Australian shares end higher

AAP  |  FRIDAY, 1 AUG 2003
The Australian share market rose to a new 11-month high Friday, as investors continued to gain confidence in the prospects for global economic recovery. News Corporation and blue-chip resource stocks bounded ahead, supported by strong economic data ...