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Infra transport spending to jump 123%

ALEX DUNNIN  |  WEDNESDAY, 2 NOV 2011
Australian transport infrastructure spending is tipped to more than double to $41 billion over the next decade, but that is still only an estimated 6% of the nation's infrastructure backlog. Property specialists CBRE have just released a report detailing ...

Uncertainty here we come (again)

BENJAMIN ONG  |  WEDNESDAY, 2 NOV 2011
... referendum is rescinded between now and this Friday, it'll be certain uncertainty for the financial markets till January next year - at the very least. How so? The vote of confidence on Papandreou's leadership is reportedly going to be held this Friday. ...

BTIM adds $50m mandate to $6bn fund

ELISE BURGESS  |  TUESDAY, 1 NOV 2011
... strategic allocation. "Basically we showed them how we would run it, being more specific around client requirements." Over the next 12 months he said the $6 billion balanced fund will remain a big part of BTIM's $32 billion business, something he thinks ...

Go figure

BENJAMIN ONG  |  TUESDAY, 1 NOV 2011
... another recession scare. Following growth of 1.6% this year, the OECD expects the Eurozone economy to inched up by only 0.3% next year. This is a deep downgrade from its May forecast of 2%. Not only that, the OECD also slashed its forecast for the US. ...

CFS and Aussie launch planning arm

ELISE BURGESS  |  MONDAY, 31 OCT 2011
Colonial First State and Aussie Home Loans will partner up to launch a new financial planning service next year. A Colonial First State (CFS) spokesperson confirmed to Financial Standard that a pilot process is underway for a new financial planning ...

MilitarySuper chief executive to stand down

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
Michael Seton is stepping down as chief executive of MilitarySuper from next month following the fund's merger with the ARIA group of funds in July. Seton has been at the helm of MilitarySuper since October 2010 when he took over from Paul Watson. Previously ...

Chi-X and ASX go head to head

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
... that this will take approximately two weeks." UBS said it expected volume on Chi-X to reach between 10 and 15 % over the next six months, with more brokers moving to trade there. "We are encouraged by the strong industry support we have received as we've ...

Macquarie posts mixed results

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... full-service retail stockbroking based on market share and trading volumes. BFS said it expects its March 31 results for next year to be in line with the previous year, while it will continue its focus on acquisition and partnership opportunities. Macquarie ...

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... with the financial services laws and failed to lodge annual financial statements and auditor's opinions for four years. The next AAT hearing is due the week commencing December 5.

FICAP on course for another successful fundraising event

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The Financial Community Aid Programme is gearing up for another smash hit RockStar concert next year, with all proceeds from the event going to Open Family Australia and the new FICAP Voices' mentoring program managed by YWCA NSW. The annual fundraiser ...