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Perpetual to pay shareholders higher dividend

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
... than expected dividend to its shareholders after reporting a strong performance in August and an improved outlook for the next financial year. In its Annual General Meeting, chairman Peter Scott and chief executive Geoff Lloyd are expected to announce ...

Trick or treat?

BENJAMIN ONG  |  FRIDAY, 1 NOV 2013
... though Uncle Ben's June statement was hedged: "We would expect to slow/moderate later this year and through early part of next year, it would end. "If we do that, it would mean we have a relatively decent economic outcome. If things are good we will ...

EWM Group launches new philanthropy division

MARK SMITH  |  THURSDAY, 31 OCT 2013
... giving needs of Australian high net worth clients. The group said it is preparing for "an historic transfer" of wealth to the next generation of Australians amounting to more than $70 billion. "We are on the cusp of a tsunami of wealth with a record ...

Record dry powder levels in unlisted infra funds

MARK SMITH  |  THURSDAY, 31 OCT 2013
... for infrastructure remains strong: 63% of infrastructure investors expect to commit more capital to the asset class in the next 12 months compared to the last 12 months; a further 27% plan to commit the same amount of capital. Preqin said new smaller ...

Market Wrap

AAP  |  WEDNESDAY, 30 OCT 2013
... trading volumes were likely to remain light. He said investors were waiting for key economic news due out of the US in the next 24 hours, including the release of a private sector employment report and the end of the US Federal Reserve's Federal Open ...

Baird proposes tax changes for NSW infrastructure

JAMES FERNYHOUGH  |  WEDNESDAY, 30 OCT 2013
... infrastructure project is Sydney's WestConnex tunnel. Baird said he hopes work on this controversial project to commence within the next 12 to 15 months. The three stage process will see the NSW Government take the initial risk. The second stage will ...

Prayin' for a taperin'

BENJAMIN ONG  |  WEDNESDAY, 30 OCT 2013

Former BlackRock COO joins J.P. Morgan

JAMES FERNYHOUGH  |  MONDAY, 28 OCT 2013
... Zealand." Kelley said: "Henry's appointment further strengthens our Investor Services offering in this market as we commence the next phase of our business. We have made significant investments in our Australian franchise and as a global bank, we recognise ...

ISA appoints former cabinet minister to advisory role

MARK SMITH  |  MONDAY, 28 OCT 2013
Industry Super Australia (ISA) has appointed the Hon Greg Combet AM to an advisory role for the next year. Combet served as a Cabinet Minister in the former Federal Government and is a former Secretary of the Australian Council of Trade Unions. As principal ...

Market Wrap

AAP  |  MONDAY, 28 OCT 2013
... release of full year results this week. ANZ is the best performer, up 43 cents, or 1.3 per cent, at $33.09, while NAB is next best, up 40 cents, or 1.11 per cent, to $36.48. Commonwealth Bank had gained 73 cents to $77.01 and Westpac was 31 cents higher ...