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AUI banking on insto retirement capital

MATT WOODINGTON  |  TUESDAY, 5 JUL 2011
Australian Unity Investments (AUI) hopes to secure seed capital for its retirement village fund within the next two to three months and is looking to super funds for $200 million in the long run. While insisting that AUI remains committed to the retail ...

Market Wrap - Morning

AAP  |  TUESDAY, 5 JUL 2011
... would invest $NZ7.6 billion ($A5.87 billion) on social assets such as schools, hospitals, state houses and prisons over the next four years, $NZ6.5 billion ($A5.02 billion) on roads and about $NZ1.5 billion ($A1.16 billion) each on broadband and rail ...

Community housing wants to attract super funds

ALISON BEVEGE  |  FRIDAY, 1 JUL 2011
... $532,700 in the March quarter. Price forecaster BIS Shrapnel has predicted modest price growth of between 6% and 2% over the next three years for Australia's capital cities. National Housing Supply Council (NHSC) chair Owen Donald, who will also speak ...

AllianceBernstein bullish on molecular medicine

MATT WOODINGTON  |  THURSDAY, 30 JUN 2011
... US$20 billion in revenue, causing large disruption to the in-vitro diagnostic industry. "Moloecular diagnostic tests are the next big play," said Cathie Wood, chief investment officer, thematic portfolios, AllianceBernstein. The anchor stock in the AllianceBernstein ...

First State Super and Health Super merger official

ELISE BURGESS  |  THURSDAY, 30 JUN 2011
... from both organisations. Starting today, there will be a transition period where trustees will assess the merger and the next steps. During this time, each entity will continue to trade under its existing names through the transition period. "It's a ...

Pigs may fly but they won't default

BENJAMIN ONG  |  THURSDAY, 30 JUN 2011
... about Greece? Now it's virtually assured of another 12 billion euros from the EU/ECB/IMF troika to tide it over until the next time it has to rollover its debt. It's saved! Hooray! Well yes it is and it isn't. This, as such, is the message delivered ...

Market Wrap - Midday

AAP  |  TUESDAY, 28 JUN 2011
... in positive territory. BHP had climbed 36 cents to $42.56, while Rio was 44 cents stronger at $80.24. Mr Morrow said the next available catalyst to spark interest in the sharemarket would be the August earnings season, which would help confirm what "every ...

Market Wrap -Morning

AAP  |  TUESDAY, 28 JUN 2011
... Express rising 2.5 per cent. Shares of Microsoft surged 3.7 per cent amid rumours that the software giant would release its next version of the Windows operating system earlier than expected, in April 2012. Investors meanwhile shrugged off Commerce Department ...

Better second half

BENJAMIN ONG  |  TUESDAY, 28 JUN 2011
... case the parliament rejects an austerity programme demanded by international creditors." According to the official, "The next step is not a default of Greece." You got that? No D-E-F-A-U-L-T whatever Greece does - for now at least. So I really don't ...

Market Wrap - Midday

AAP  |  MONDAY, 27 JUN 2011
... the tone of the local market was "nervous and quiet". "I think that will remain the case throughout the day," he said. "The next hurdle for the Greek situation is the parliamentary vote scheduled for Wednesday. "Very few people are prepared to buy until ...