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FPA heads to eye of Storm

MICHAEL HOBBS  |  MONDAY, 2 FEB 2009
The key team behind the Financial Planning Association (FPA) is travelling to Townsville, Queensland to speak to those directly affected by Storm Financial's advice and the firm's subsequent collapse. Speaking at a press conference on Friday, Jo-Anne ...

Market Wrap - Morning

AAP  |  MONDAY, 2 FEB 2009
... its annual general meeting. On Friday, the Australian share market managed to claw its way into positive territory at the close of trade, buoyed by gold and energy stocks and a late advance by Rio Tinto. The benchmark S&P/ASX200 index closed up 14.5 ...

Market Wrap - Midday

AAP  |  FRIDAY, 30 JAN 2009
... cent, to $5.18. The spot price of gold in Sydney was $US902.50 per fine ounce at 1210 AEDT, up $US18.95 on Thursday's local close of $US883.55. Making headlines, engineering services provider Coffey International says it expects its best ever half year ...

Hedge that made the grade

MICHAEL HOBBS  |  FRIDAY, 30 JAN 2009
Morgan Stanley, BlackRock Investment Management, Select Asset Management, Winton Capital and Man Investments are the only alternatives fund managers from a pool of 19 to receive a 'recommended' or 'highly recommended rating' from Zenith Investment Partners. ...

Market Wrap - Morning

AAP  |  FRIDAY, 30 JAN 2009
The Australian sharemarket is likely to open in the red following heavy falls on Wall Street. At 0814 AEDT on the Sydney Futures Exchange, the March SPI futures index was 96 points lower at 3,420. In economic news on Friday, the Reserve Bank of Australia ...

Market Wrap - Morning

AAP  |  THURSDAY, 29 JAN 2009
... dramatically and a massive US bailout package neared approval. London's FTSE 100 index gained 100.79 points or 2.40 per cent to close at 4,295.20 points. FRANKFURT - The Dax climbed 195.3 points or 4.52 per cent to end the day at 4,518.72. PARIS - The ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 28 JAN 2009
... has sparked tens of thousands of job cuts this week. In London, the FTSE 100 index shed 14.6 points or 0.35 per cent to close at 4,194.41 points. FRANKFURT - The Dax slipped 3.45 points or 0.08 per cent to end the day at 4,323.42. PARIS - The CAC 40 ...

Market Wrap - Midday

AAP  |  TUESDAY, 27 JAN 2009
... $2.87, or 7.54 per cent, to $40.93. The spot price of gold in Sydney was $US902.15 per fine ounce, up $US44 on Friday's local close of $US858.15. Most of the gold miners gained. Newmont rose 42 cents, or 6.8 per cent, to $6.60 and Newcrest jumped $2.68 ...

Market Wrap - Morning

AAP  |  TUESDAY, 27 JAN 2009
... health of the global economy. The benchmark S&P/ASX200 index was down 144.1 points, or 4.13 per cent, at 3,342.7 - its lowest close since February 2004 when the index finished at 3,333.7. The broader All Ordinaries index fell 131.6 points, or 3.83 per ...

Market Wrap - Midday

AAP  |  FRIDAY, 23 JAN 2009
... cent, to $4.17. The spot price of gold in Sydney was $US852.80 per fine ounce at 1209 AEDT, down $US0.10 on Thursday's local close of $US852.90. The gold miners were mixed. Newmont was one of the few bright spots on the market at 1209 AEDT, up 12 cents ...