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Market Wrap

AAP  |  MONDAY, 17 SEP 2012
... energy shares and related industries led the way higher, followed by retailers, all buoyed by prospects for improved growth next year. The Dow Jones Industrial Average finished on Friday up 53.51 points (0.40 per cent) at 13,593.37. The S&P 500 added ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
... to Government sources, the Coalition has said it would scrap the benefit in order to fund other policies should it win the next election. In a statement released early this morning, Minister Shorten said the low-income super contribution (LISC), which ...

The Fed may have gone too far

BEN COLLINS  |  FRIDAY, 14 SEP 2012
... equities, as opposed to Europe and global property. "Soft economic data could create some good buying opportunities in the next few months," he said. "As for markets, we may see a period of consolidation as those who bought the well-flagged rumour sell ...

ipac securities awards Vinva $1.2bn mandate

LINDA HAUSKEN  |  FRIDAY, 14 SEP 2012
... previously worked together at Barclays Global Investors. Based on its forward looking view of who was better positioned for the next two to three years, Rogers said ipac securities had a preference for Vinva. "It's a judgment call of AMP Capital that ...

Mid-level PE an outstanding opportunity

BEN COLLINS  |  THURSDAY, 13 SEP 2012
... exit strategy. Rather than raiding companies, it's about connections developed within an organisation looking to take the next step, he said. "Essentially, these businesses have been reasonably successful we are not looking to come in and change something ...

Two down, one to go

BENJAMIN ONG  |  THURSDAY, 13 SEP 2012
... point that Europe's powers-that-are would do everything and anything in their power to keep the single currency area single. Next stop towards strengthening that singleness: Banking Union. Last night, European Commission President Jose Manuel Barroso ...

Greens propose scaled super contribs tax

ALEX DUNNIN  |  WEDNESDAY, 12 SEP 2012
... were $136 billion in 2011-12. The cost of the superannuation taxation subsidies is projected to be $152 billion over the next four years, according to the Budget papers. "It's time that we had a sensible discussion in the community about building a fairer ...

No mandates lost over hybrid model: AustSuper

BEN COLLINS  |  TUESDAY, 11 SEP 2012
... today said that no mandates would be lost, as it moves to bring the management of 30% of its investments in house over the next five years. AustralianSuper wants to manage funds internally, starting with the management of its Australian equities portfolio ...

Lazard consolidates Sydney foothold

MARK STORY  |  TUESDAY, 11 SEP 2012
... transactions, exceeding A$15 billion in value, and O'Sullivan expects the decision to join Lazard to help take the business to the next level. "We now have the opportunity to offer our clients access to Lazard's powerful network of outstanding financial ...

Market wrap - morning

AAP  |  TUESDAY, 11 SEP 2012
... Apple was a big drag on the Nasdaq and the S&P 500, tumbling 2.6 per cent ahead of Wednesday's expected announcement of the next generation of its popular iPhone, dubbed the iPhone 5. LONDON - European stock markets finished little changed, as investors ...