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Market Wrap - Midmorning

MARKET WRAP - MIDDAY  |  FRIDAY, 27 AUG 2010
... plaguing the US returned. Australian companies continued to post their earnings on Friday as the reporting season neared its close. Fairfax Media gained seven cents to $1.43 as it reported a turnaround to full-year profit and said it was well placed ...

LGsuper and City Super in merger talks

RUTH LIEW  |  FRIDAY, 27 AUG 2010
Queensland government funds LGsuper and City Super are considering a merger to create a $5 billion-plus fund with over 90,000 members. LGsuper and City Super announced today they have agreed in-principle to merge the two funds. The merger is subject ...

Market Wrap - Morning

AAP  |  FRIDAY, 27 AUG 2010
The Australian market has received mixed leads from offshore trading overnight. Wall Street stock indices ended lower, as did precious metals, but base metals and oil were up. At 0745 AEST on the Sydney Futures Exchange, the September share price index ...

Cards for houses

BENJAMIN ONG  |  THURSDAY, 26 AUG 2010
Houses continue to burn in America. Yes Virgie, we learned yesterday that no one wanted to buy old houses (existing homes) in the States after the government stopped giving would-be homeowners free money. Last night, we found out that neither were they ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 25 AUG 2010
The Australian stock market at noon continued to trade lower after United States markets fell in the wake of disappointing housing data and more concerns about the recovery in the US economy. At 1200 AEST on Wednesday, the benchmark S&P/ASX200 index ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 25 AUG 2010
... earnings season continues, annual results are due from BHP Billiton Ltd, although the market will have to wait until after close on Wednesday afternoon for this release. Annual results are due also from Seven Group Holdings Ltd, MAp Group, Regional Express ...

Bond rush

BENJAMIN ONG  |  TUESDAY, 24 AUG 2010
... didn't start right - it continued where it left off last week - with the S&P 500 and the Dow both down 0.4 per cent at the close. Equity markets have again started questioning America's outlook after last week's disappointing US economic news - specifically ...

Milton and Choiseul to merge

ELISE BURGESS  |  MONDAY, 23 AUG 2010
... will be decided and entered into over the upcoming days. "With $2 billion market cap this newly formed company would move close to the ASX Top 100 while the increase in shareholders to 18,000 would increase liquidity, and we believe in the close relationship ...

China's $750bn pledge to clean tech aids sector

ELISE BURGESS  |  MONDAY, 23 AUG 2010
China's $750 billion investment toward clean technologies over the next decade will direct not just much-needed funding into the sector but make it more appealing to investors. Speaking at a one-day Deutsche Asset Management forum in Sydney this month ...

Market Wrap - Morning

AAP  |  MONDAY, 23 AUG 2010
At 0714 AEST on the Sydney Futures Exchange, the September share price index contract was down nine points at 4,387. In economics news on Monday, The Australian Office of Financial Management (AOFM) conducts a tender of $200 million of the August 2020 ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI  |   12:01PM
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI  |   11:30AM
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI  |   12:13PM
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI  |   11:50AM
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
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