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Market Wrap AM

AAP  |  THURSDAY, 5 SEP 2013
... points to 1,933.03. WELLINGTON - The benchmark NZX 50 Index rose 3.595 points, or 0.1 per cent, to 4610.306, the highest close in four months.

Trust gives Perpetual a chance to match IOOF offer

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
The Trust Company board met last night and has asked for a deadline extension to allow Perpetual a chance to match the IOOF buyout offer. IOOF has accepted the request and has given The Trust Company more time to accept or refuse its offer, which now ...

Trophy infrastructure assets too expensive

MARK SMITH  |  WEDNESDAY, 4 SEP 2013
Large, marquee infrastructure assets seem over-priced in the face of the huge sums high profile institutions have paid in recent years, according to Towers Watson senior investment consultant Duncan Hale. Large global investors have raced to buy infrastructure ...

Buy me a house

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2013
... McMansions here.A The ones she showed me last Sunday evening were inner city apartments - fair enough, she wants to live close to work - the size of a shoebox that could fit only one shoe. You know where I'm going with this, don't you Virginia?A Where ...

Market Wrap AM

AAP  |  WEDNESDAY, 4 SEP 2013
... choppy trade as a US-Israeli missile test rattled nerves and raised expectations of Western military action in Syria. At close on Tuesday, London's FTSE 100 index dropped 0.58 per cent to 6,468.41 points. Frankfurt's DAX 30 fell 0.77 per cent to 8,180.71 ...

The Trust Company to consider IOOF offer

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
... regards as superior to those of Equity Trustees and Perpetual. IOOF offer to buy the totality of The Trust Company shares will close on September 7, which leaves Equity Trustees and Perpetual three business days to match the offer. The board of The Trust ...

Financial services to make 100,000 millionaires by 2017

MARK SMITH  |  TUESDAY, 3 SEP 2013
... wealth of anywhere on the planet and the world's second largest wealth per capita. Wealth per capita in Australia stood close to US$344,000, well above the US$28,000 global average and the second only to Switzerland, at US$498,000 for 2012. Collectively ...

Aon Master Trusts gets MySuper approval

MARK SMITH  |  TUESDAY, 3 SEP 2013
... managing director Pierre Kraft said. The Aon Master Trust is a national retail superannuation fund established in 1990 with close to 56,000 members and $2.5 billion in funds under management.

Market Wrap AM

AAP  |  TUESDAY, 3 SEP 2013
... Syria, sent European equities climbing. Sentiment was also lifted by indications that British mobile phone giant Vodafone is close to announcing a vast $US130 billion ($A146 billion) deal to sell its US wireless joint-venture stake to partner Verizon. ...

30 days hath September

BENJAMIN ONG  |  TUESDAY, 3 SEP 2013
I don't know whether to laugh or cry watching what just transpired on the first trading day of September. What transpired was equity markets jumped on the first trading day of September - European stocks soared closer to 2%, those in Tokyo by 1.4% and ...