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Market Wrap - Midday

AAP  |  TUESDAY, 20 JUL 2010
... disappointing reading on homebuilders' confidence and focused instead on the flood of earnings reports that will come in over the next few weeks. Many companies are expected to report strong results. The Dow Jones Industrial Average index lifted 0.56 ...

AFAC and APESB launch fresh debate on fiduciary duty

MICHELLE BALTAZAR, MEDIA RELEASES  |  MONDAY, 19 JUL 2010
... draft proposals from the accounting ethical standards board banning its members from charging asset-based fees from July next year. On 30 June, the Accounting Professional & Ethical Standards Board (APESB) issued, as an exposure draft, the Proposed Standard ...

Contra confidence

BENJAMIN ONG  |  MONDAY, 19 JUL 2010
... indeed an ugly reading for US consumer confidence. But only if it persists and we see the index continuing to fall in the next few months. The historical evidence doesn't support this. The index bounces around from one month to another. The historical ...

Finance lends hand to Operation Smile

MEDIA RELEASE  |  FRIDAY, 16 JUL 2010
... families and medical staff on the medical missions in East Timor, Papua New Guinea and China. A cocktail function will be held next week, on July 20, to raise awareness around the work of Operation Smile, raising $9,000 to facilitate 30 operations.

Competition for ASFA awards heats up

FINANCIAL STANDARD WRITERS  |  FRIDAY, 16 JUL 2010
... head to head with their peers at the Association of Superannuation Funds of Australia (ASFA) Communications Forum and Awards next week. ASFA will showcase the best examples of communications and marketing in the superannuation industry at the Crown Conference ...

Planners rank high on client scorecard

RUTH LIEW  |  THURSDAY, 15 JUL 2010
... gave advisers rating of 7.5 out of 10, ranking them among the top three most trusted people who give professional advice - next only to the family doctor and the dentist. The caveat is that the high rating comes only from those who already use planner ...

Legalsuper puts custody to tender

RUTH LIEW  |  THURSDAY, 15 JUL 2010
... Andrew Proebstl confirmed the fund is in the midst of tendering its custody mandate with the contract taking effect in the next few months. Legalsuper's current custodian, National Australia Bank, has been with the fund since it achieved public offer ...

Pause

BENJAMIN ONG  |  THURSDAY, 15 JUL 2010
... to the outlook were viewed as relatively modest and as not warranting policy accommodation beyond that already in place." Next excuse. US retail sales declined by a bigger-than-expected 0.5 per cent in June following a 1.1 per cent drop in the previous ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 14 JUL 2010
... in positive territory at 1208 AEST. Bank Suncorp-Metway was the best performer, up 2.68 per cent, or 22 cents, at $8.44. Next was investment bank Macquarie Group, which was had risen 2.23 per cent, or 91 cents, to $39.91. And Westpac was not far behind ...

HFA renames to CERTITUDE Global Investments

MICHAEL HOBBS  |  MONDAY, 12 JUL 2010
... looking to bring to market that is more equity-driven, more market segment," said Mowll. The name change will take effect next month. HFA Asset Management is the international fund manager holding of HFA Holdings, which owns part of Lighthouse Partners. ...