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Showing 5281 - 5290 of 6252 results for "December 2002"

Equity Trustees' sunny forecast

CHRIS NICHOLLS  |  MONDAY, 30 APR 2007
Equity Trustees has updated its 2006-07 full financial year forecast, with the board expecting a before-tax operating profit of nearly $12 million - almost a 66 per cent increase over last year. The prior forecast in December 2006 indicated operating ...

Aussies finally get life insurance message: IFSA

CHRIS NICHOLLS  |  FRIDAY, 27 APR 2007
Life and wealth protection sales grew by nearly 16 per cent in the 12 months to December 2006, according to new figures released yesterday by the Investment and Financial Services Association (IFSA). The sales increase comes after a major study by TNS ...

Barclays to buy ABN AMRO

CHRIS NICHOLLS  |  TUESDAY, 24 APR 2007
Barclays has agreed to purchase rival ABN AMRO in a US$91 billion deal, creating the world's largest asset manager and the eighth largest wealth manager, with 47 million customers. However, reports emerged yesterday of a possible rival bid from the ...

Vanguard puts case for passive-active allocation

An asset allocation expert from leading index manager Vanguard has put forward the case for a portfolio construction model that invests around 40 per cent in active strategies. In a whistlestop visit to Australia, Nelson Wicas, a US based principal ...

Rate rise spectre saps consumer confidence

SUZY MAC  |  FRIDAY, 20 APR 2007
Flying in the face of a 4.5 per cent jobless rate, strong currency and figures showing 5.5 per cent of household finances have improved in the last month, interest rate uncertainty may account for the latest figures in consumer confidence dipping to ...

Avanteos loses $7 billion Goldman Sachs mandate

Colonial First State (CFS) has lost a $7.1 billion Goldman Sachs JBWere mandate from its Avanteos platform, according to the CBA's third quarter trading update that was released yesterday. CFS advise the mandate represented only 4 per cent of the stated ...

Reverse mortgages jump 80 per cent to $1.5 billion

WWW.THESHEET.COM  |  TUESDAY, 17 APR 2007
Australia's emerging reverse mortgage market is growing at 80 per cent a year, the consulting actuary Deloitte Trowbridge reported yesterday. The country's 16 reverse mortgage lenders had $1.5 billion of loans on their books at December 31, up from ...

Fincorp lookalike under scrutiny

The Australian Securities and Investments Commission (ASIC) has slapped a 'stop order' on the latest prospectus of Australian Capital Reserve (ACR), another high-yield debenture provider that employed the same aggressive marketing tactics as Fincorp. ...

Daily economic round-up

PETER BELL  |  THURSDAY, 5 APR 2007
Following the announcement by the US that it would impose tariffs on imported paper products from China after its research had shown that they were being subsidized by 10-20 per cent, trade negotiations have become more urgent as key players perceive ...

Super tops $1 trillion as retail keeps winning inflows race

ALEX DUNNIN  |  FRIDAY, 30 MAR 2007
Australia's superannuation savings pool has climbed to $1 trillion at December 2006 after jumping 19 per cent during the year, said the Australian Prudential Regulation Authority (APRA). Despite the continuing media campaigns promoting the fee and performance ...