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IOOF financials show strong growth ahead of ASX listing

IOOF has announced significant growth in after-tax profits, up 53 per cent to $34 million in the 12 months to 30 June 2003, compared to $16 million in the corresponding period last year. The company also saw a 32 per cent increase in revenue to $160m ...

Afternoon market wrap: Banks push share market higher

... cyclically-sensitive stocks, including News Corporation and Telstra, all finished lower. But defensive sectors, especially financials and property trusts ended in the black. The one major bank to buck the broader trend was CBA, which ended 16c lower ...

Afternoon market wrap: Australian shares soften in afternoon trade

... included consumer discretionary, health, information technology and telecommunications. Defensive sectors, including financials, property trusts and consumer staples, all posted losses, as investors continue to bet on a stronger global recovery in the ...

S&P announces 2002/03 financial year results of indices

... financial year. Meanwhile, S&P/ASX 100 returned a figure of -6.14% for price and -2.01% for accumulation. S&P/ASX 200 financials returned -6.66% for price and -1.64%, while S&P/ASX 200 Financial (excluding property trusts) returned -8.75% for price and ...

Midday market wrap: All Ordinaries up slightly

... of a possible takeover bid by Fosters Ltd. Reflecting the better sentiment in offshore markets overnight, defensive financials were subject to mild profit-taking. In other markets, the Australian dollar was trading back above USD$0.66 and spurred also ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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