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Market Wrap PM

AAP | WEDNESDAY, 15 MAY 2013

The Australian market has opened higher due to strong overseas leads and the falling Australian dollar. IG market strategist Evan Lucas said the local market was off to a positive start after Wall Street and European market posted strong gains overnight ...

Market Wrap PM

AAP | TUESDAY, 14 MAY 2013

The Australian market has opened flat as gains for defensive stock offset losses for Westpac and Macquarie banks. IG market strategist Evan Lucas said Westpac and Macquarie were dragging down the market as both went ex-dividend. "It's a bit of a weak ...

Arena to list childcare fund on the ASX

LAURA MILLAN | TUESDAY, 14 MAY 2013

Arena Investment Management (Arena) is intending to raise $75 million of new equity in its childcare fund and is planning to list it on the Australian Securities Exchange (ASX). The fund, which has been renamed Arena REIT, was established in 2003 as ...

Market Wrap

AAP | TUESDAY, 14 MAY 2013

... discuss ways to clamp down on tax fraud, while the euro and US dollar hit fresh multi-year highs versus the yen. At the close on Monday, London's FTSE 100 index of leading shares gained 0.10 per cent to 6,631.76 points. Frankfurt's DAX 30 closed virtually ...

Market Wrap

AAP | MONDAY, 13 MAY 2013

Market Wrap

AAP | MONDAY, 13 MAY 2013

... from industrialised countries met in Britain. London's benchmark FTSE 100 index of top companies advanced 0.49 per cent to close 6,624.98 points, marking its seventh consecutive increase. Frankfurt's DAX 30 set a fourth straight record high as it gained ...

Market Wrap PM

AAP | FRIDAY, 10 MAY 2013

The Australian market has opened higher despite weak offshore leads as the financial sector lifts local shares. IG market strategist Evan Lucas said the Australian market had opened higher due to a strong start from the financial sector after Westpac ...

Frontier and Rogerscasey form research alliance

LAURA MILLAN | FRIDAY, 10 MAY 2013

Frontier Advisors and Segal Rogerscasey have partnered to establish a Global Investment Research Alliance (GIRA) to share research on investment managers across the globe. The Alliance is expected to expand to a maximum of six members with additional ...

Market Wrap

AAP | FRIDAY, 10 MAY 2013

... last seen in late 2007, while Frankfurt's DAX 30 added 0.16 per cent to 8,262.55 points, for its third consecutive record close. Paris' CAC 40 slid 0.70 per cent in value to 3,928.58 points on profit taking and technical reasons caused by the payment ...

Market Wrap PM

AAP | WEDNESDAY, 8 MAY 2013

... said. The Dow Jones Industrial Average closed above 15,000 for the first time, adding 87.31 points, or 0.58 per cent, to close at 15,056.2. The broad-based S&P 500 rose by 0.52 per cent to 1,625.96, its fourth consecutive all-time closing high. Locally ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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