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Market Wrap - Morning

AAP  |  FRIDAY, 5 SEP 2008
The Australian stock market is likely to fall today after equities in the US slumped overnight on renewed concerns about the economy, as reports showed retail sales and employment are weakening. At 0732 AEST on the Sydney Futures Exchange, the September ...

Weak growth confirms RBA cut

BENJAMIN ONG  |  THURSDAY, 4 SEP 2008
The latest National Accounts figures gave credence to the Reserve Bank of Australia's decision to lower the official cash rate by 25 basis points to 7 per cent. Australian real gross domestic product advanced by a meagre 0.3 per cent in the June quarter ...

Market Wrap - Morning

AAP  |  THURSDAY, 4 SEP 2008
The Australian stock market may rise slightly today after US equities were mixed but little changed overnight and commodities, too, were mixed, with oil and gold falling and copper gaining. At 0707 AEST on the Sydney Futures Exchange, the September ...

Aviva expands Southern teams

COMPANY RELEASE  |  WEDNESDAY, 3 SEP 2008
Aviva Australia has appointed ex-Virgin Money head of sales Craig Parker as state manager for Victoria and Tasmania and Melanie Alpar as senior sales manager. Parker will be responsible for driving the growth of business and heading up the business ...

Godfrey Pembroke appoints MD

MICHAEL HOBBS  |  WEDNESDAY, 3 SEP 2008
MLC Advice Solutions promoted Tom Reddacliff to general manager of its advice business Godfrey Pembroke. Reddacliff replaces Mark Rantall who is working on developing the training programs for financial advisers with the NAB Academy. Prior to this role ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 3 SEP 2008
The Australian stock market may decline today after US equities and commodities declined overnight. At 0748 AEST on the Sydney Futures Exchange, the September share price index futures contract was down 31 points at 5,110. In news today, the Australian ...

BNP Paribas wins six years with AMP

RUTH LIEW  |  TUESDAY, 2 SEP 2008
BNP Paribas Securities Services has won a six year custody and fund administration services mandate with AMP Ltd. BNP Paribas yesterday confirmed the extension of the AMP contract until 2014. AMP however is not a new client of BNP Paribas, which has ...

Advisers open doors to $50k clients

RUTH LIEW  |  TUESDAY, 2 SEP 2008
Advisers are willing to take on clients with funds as little as $50,000 in a bid to win new business amidst tough market conditions, new research shows. A new survey by Nielson, commissioned by ING Australia, noted that an increasing number of advisers ...

NAB Super divests direct property

RUTH LIEW  |  MONDAY, 1 SEP 2008
... The fund made the move under the advice of its asset consultant JANA Investment Advisers. "The [main objectives] for the sale are to reduce the property overweight of the fund, increase the diversification of the property class and increase the potential ...

Macquarie hires ex-GSBJW COO

RUTH LIEW  |  MONDAY, 1 SEP 2008
Macquarie Funds Group appointed has appointed Irene Deutsch, ex chief operating officer of Goldman Sachs JB Were's securities division, to Australian head of retail distribution in its retail structured products division. Deutsch re-joined Macquarie ...