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... Tuesday, the Australian share market closed more than two per cent higher following a strong lead from overseas and gains by major resource stocks. The benchmark S&P/ASX200 was up 81.7 points, or 2.19 per cent, at 3817.3, while the broader All Ordinaries ...

Market Wrap - Midday

AAP | TUESDAY, 19 MAY 2009

... producer, rose $1.07, or 3.25 per cent, to $33.97, while rival Rio Tinto gained $2.27, or 3.71 per cent, to $63.41. The four major banks all advanced. Commonwealth Bank added 76 cents, or 2.14 per cent, to $36.26, ANZ advanced 22 cents to $15.52, National ...

Regnan to appoint new ESG research manager

MICHELLE BALTAZAR | TUESDAY, 19 MAY 2009

... Change Australia/New Zealand (IGCC). "We are sad to see Nathan move on but our loss is the IGCC's gain. Climate change is a major ESG challenge and Nathan is a great choice to lead IGCC's work," said Erik Mather, Regnan's managing director. He said that ...

Market Wrap - Morning

AAP | TUESDAY, 19 MAY 2009

... shot up 235 points, its biggest daily point gain in over a month, and made up three-quarters of last week's losses. All the major indices rose about three per cent. A better-than-expected profit report from Lowe's Cos, an uptick in homebuilder sentiment ...

Investors rush to oil ETCs

COMPANY RELEASE | MONDAY, 18 MAY 2009

... months of this year. In a company statement, the firm cited a number of reasons for the surge in activity. The first is the major fall in oil prices since July last year which has led a number of analysts to believe the oil price has dropped too far. ...

Baby boomers eye income equity

RUTH LIEW | MONDAY, 18 MAY 2009

Tyndall's newest offering, the six-month old Tyndall Australian Share Income Fund, has won a place in three major platforms - signalling baby boomers' increasing appetite for income equity strategies. Craig Hobart, head of retail at Tyndall Investment ...

Great Southern falls into administration

COMPANY RELEASE | MONDAY, 18 MAY 2009

Agribusiness fund manager Great Southern has appointed administrators after its banks withdrew support for its ongoing restructuring program. The directors of Great Southern Limited and Great Southern Managers Australia Limited have appointed Martin ...

Market Wrap - Morning

AAP | MONDAY, 18 MAY 2009

... news, GrainCorp Ltd releases interim results. In Sydney on Friday, the Australian share market finished firmer led by the major miners and rebound in cyclical stocks and stronger offshore markets. The S&P/ASX200 index gained 49.8 points, or by 1.34 per ...

Confusion in the inflection

BENJAMIN ONG | MONDAY, 18 MAY 2009

... Have markets got ahead of themselves and investors are now looking for the greater fool? Taking Wall Street's cue, most major equity markets around the world finished last week's trading activity in the red. But then again, most were also able to preserve ...

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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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