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ACCC gives CBA Count acquisition the go-ahead

CLAIRE MCGREAL  |  FRIDAY, 18 NOV 2011
Shareholders at Count Financial Limited will meet in Sydney next week to discuss the schemes of arrangement required for Commonwealth Bank's takeover of the firm. This follows yesterday's decision from the Australian Competition and Consumer Commission ...

AMP Capital recruits State Street portfolio manager

CLAIRE MCGREAL  |  THURSDAY, 17 NOV 2011
A senior portfolio manager at State Street Global Advisors will join AMP Capital early next year to take up a senior portfolio management role in the multi-strategy equities team. Rob Pinnuk's key responsibilities will include stock selection, research ...

MLC MasterKey fees cut, new features

ELISE BURGESS  |  TUESDAY, 15 NOV 2011
... Index Fund, Fairview Equity Partners Emerging Companies Fund and the Pengana Asian Equities fund. Effective from February 1 next year, a new pricing structure will see clients with account balances up to $200,000 paying around half the administration ...

IRESS launches UK wealth management division

RACHEL DAVIS  |  TUESDAY, 15 NOV 2011
... and Sesame Bankhall Group (SBG) have entered a long-term strategic supply agreement where XPLAN will be deployed as SBG's next generation advice platform. Following a review of global solutions, incorporating a formal tender process, SBG selected IRESS' ...

Market Wrap - Midday

AAP  |  TUESDAY, 15 NOV 2011
... other, cheaper, banks," Ms Lee said. "If cost cutting is going to be the dominant theme that drives profit growth over the next 12 months, then stocks like National Australia Bank are in a much better place to be cutting cost and seeing potential upside." ...

Market Wrap - Morning

AAP  |  TUESDAY, 15 NOV 2011
... minister. Greece's new prime minister, Lucas Papademos, faced the task of implementing security measures needed to secure the next installment of an international bailout loan. "The uneasiness across the pond comes on a changing political landscape in ...

Carbon-tilted indices planned for Aust

ELISE BURGESS  |  MONDAY, 14 NOV 2011
Australia will receive new carbon-tilted indices early next year which use an overweighting/underweighting strategy based on exposure to climate change risk as used in UK markets. David Harris, director of Responsible Investment, FTSE Group, told Financial ...

ASX's PureMatch gets ASIC green light

ELISE BURGESS  |  MONDAY, 14 NOV 2011
... on the existing ASX Trade platform," said Elmer Funke Kupper, ASX managing director and chief executive. Kupper said the next milestone will be delivered in February 2012 when ASX opens its new $36 million data and co-location centre in Sydney. "ASX's ...

Second best month of the year

BENJAMIN ONG  |  MONDAY, 14 NOV 2011
... October and expectations for a 61.5 reading. Better, the expectations component - which gauges consumers' outlook for the next six months - jumped to its highest level in seven months. These positive readings are consistent with latest data showing increased ...

Independent directors not the silver bullet answer, super fund chairs

CLAIRE MCGREAL  |  FRIDAY, 11 NOV 2011
... superannuation, is looking backwards and saying 'well we've done a pretty good job for the last 10 years so we must be capable of the next 10'. I often say to boards, don't believe your own myth because the world changes in front of you...and to give ...