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Call for change follows Perpetual 57% profit fall

BEN COLLINS  |  THURSDAY, 30 AUG 2012
Perpetual needs more accelerated and fundamental change, said chief executive and Managing Director Geoff Lloyd, after announcing the group's $26.7 million net after tax profit - a 57% fall on the previous year. A group-wide cost reduction program in ...

Market Wrap - Morning

AAP  |  THURSDAY, 30 AUG 2012
... index lost 5.5 points, or 0.13 per cent to 4,381.5 points. NEW YORK - US stocks see-sawed in more noncommittal trade to close almost flat for the third straight session, with fresh data sending more mixed signals on the economy. After adding 0.3 per ...

Market Wrap

AAP  |  WEDNESDAY, 29 AUG 2012
... cent) were higher in early trade. Lonsec senior client adviser Michael Heffernan the Australian market had done well to be close to level at the start of trade after an up-and-down overnight session. "Last night world markets moved up and down by what ...

It's still the hole, stups

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2012

Market Wrap - Morning

AAP  |  WEDNESDAY, 29 AUG 2012
SYDNEY - The Australian market looks set to open slightly higher after a mixed finish on Wall Street with no clear direction from economic data and investors waiting for a key speech by Federal Reserve chief Ben Bernanke. At 0745 AEST on Wednesday ...

Market Wrap

AAP  |  TUESDAY, 28 AUG 2012
... (0.05 per cent) at 1,410.44. But, Apple's share price boost helped the tech-rich Nasdaq gain 3.40 points (0.11 per cent) to close at 3,073.19. European stock markets moved higher. CMC Markets chief market analyst Ric Spooner said he thought the market ...

AMP launches group insurance offering

LINDA HAUSKEN  |  TUESDAY, 28 AUG 2012
AMP has launched AMP Group Insurance, a new offering that combines the best features of AMP and AXA's existing stand-alone group insurance products. While the AMP Group Insurance is now open to new business, the existing AMP and AXA-branded stand-alone ...

Market Wrap

AAP  |  TUESDAY, 28 AUG 2012
The Australian market looks set to open flat after Wall Street finished mixed and gains on European markets despite a key German business sentiment indicator falling to its lowest level since March 2010. At 0750 AEST on Tuesday, the September share ...

AMP to take full ownership of Futuro

LINDA HAUSKEN  |  MONDAY, 27 AUG 2012
... advisers will be a significant contribution to the firms' growing adviser community. "AMP has over a period of time forged a close relationship with Futuro and it is clear both companies share a passion for quality advice and a commitment to helping ...

Market Wrap

AAP  |  MONDAY, 27 AUG 2012
... down three cents at $1.315. The spot price of gold in Sydney was $US1,672.80 per fine ounce, up $US8.55 from Friday's local close of $US1,664.25 per ounce. National turnover was 261 million securities worth $528.2 million, with 384 stocks up, 177 down ...