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Midday market wrap: Airline stocks take off

The All Ordinaries index overturned yesterday's losses in the morning session, buoyed by stronger numbers overnight on Wall Street and an easing of the SARS crisis. Qantas and Air New Zealand both received some welcome support after falling yesterday. ...

Morning market wrap: All Ordinaries at three month high

The All Ordinaries will begin trading on a three month high today following good returns from the banking sector yesterday. ANZ announced a profit of $1.14 billion for the six months ending March 2003, up 8.7% over the corresponding period last year. ...

Midday market wrap: Air New Zealand falls after profit warning

Air New Zealand's woes continued in the morning session. The carrier has been struggling since the ACCC/Commerce Commission came out against its proposed alliance with Qantas, and it lost a further $0.02 following another downward revision to its earnings ...

Afternoon market wrap: All Ordinaries continues to climb

Buoyed by gains in Asian markets, the All Ordinaries index continued to climb during the afternoon session to finish 26.90 points higher at 2932.40. The major banks all reversed yesterday's losses. Westpac was the best performer, rising $0.42 to finish ...

Midday market wrap: All Ordinaries back into positive ground

Australian shares recovered from a rocky afternoon session yesterday. The All Ordinaries index moved 15.60 points higher by lunchtime to 2921.10 points. The major banks were all up, reversing Monday's trend, with Westpac the best performer, climbing ...

Midday market wrap: All Ordinaries marginally firmer

The All Ordinaries index was up by 4.50 points at lunchtime in line with the US market, although National Australia Bank shares fell by $0.87 to $32.13. Qantas continued to find support despite yesterday's ACCC "anti competitive" announcement with regards ...

ACCC to block Qantas-Air New Zealand deal

The Australian Competition and Consumer Commission (ACCC) has issued a draft decision denying Qantas' proposed acquisition of 22.5 per cent of Air New Zealand, describing it as "very anti-competitive and not in the public interest." If the proposed ...

Principal "reviewing" Westpac indemnity over BT compliance breach

Principal Financial Group said today that it was "reviewing" whether Westpac would be protected by an indemnity agreement signed with the Iowa-based group in relation to a compliance breach by BT Funds Management in New Zealand. "As part of the sales ...

ASIC upgrades datbase security after Queensland arrest

The Australian Securities and Investments Commission (ASIC) today said that it will be upgrading its surveillance and security measures to further enhance the integrity of its public database following an apparent breach of security that led to an arrest ...

Midday market wrap: Range-bound trading ahead of weekend

The All Ordinaries index edged marginally lower in sympathy with the Dow Jones, but there was little in the way of movement ahead of the weekend, when investors will again turn to events in Iraq. The major banks were all a little lower after some strong ...