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City Pacific to buy MFS

MICHAEL HOBBS  |  TUESDAY, 15 JAN 2008
Financial services provider, City Pacific has placed a $1.33 billion offer for funds management and advisory provider, MFS Limited. The offer includes the issue of 225 million new shares to MFS shareholders, assuming each share City Pacific receives ...

Market Wrap - Morning

AAP  |  TUESDAY, 15 JAN 2008
... macro and corporate policy response is best there." LONDON - Britain's leading share index snapped a three-day losing run to close up as miners benefited from firmer metal prices, while beaten-down real estate stocks were lifted by news of a new property ...

Market wrap - midday

AAP  |  MONDAY, 14 JAN 2008
... 10 cents to $6.05. By 1215 AEDT, the spot gold price in Sydney was at $US897.90 per fine ounce, up $US4.02 from Friday's close of $US893.88 per fine ounce. Spot gold in the US touched a record high of $US898 per fine ounce on Friday before easing to ...

Market Wrap - Morning

AAP  |  MONDAY, 14 JAN 2008
... 5,371.41 points, down 29.02 or 0.54 per cent, and down 75.38 points over the week. TOKYO - Japan's Nikkei fell to its lowest close since November 2005, pushed down by fears about the Japanese economy and a report that Merrill Lynch will post larger-than-expected ...

Market wrap - midday

AAP  |  FRIDAY, 14 DEC 2007
... bit of impetus to the market as a whole over there. "It started much lower on the day and ended up around 40 points on the close... quite a big turnaround. US stocks ended mostly higher overnight in volatile trade as a robust retail sales survey helped ...

St Hilliers posts 5pc more

St Hilliers Funds Management has delivered five per cent more than its 15 per cent target following the sale of its fifth and final asset held in the St Hilliers Enhanced Property Fund No.1. St Hilliers general manager in funds management, Nicholas ...

Market Wrap - Morning

AAP  |  FRIDAY, 14 DEC 2007
... central bank efforts to combat the credit squeeze, interbank lending rates showed only a slight decline on Thursday. At close, however, the Dow Jones industrial average was UP 24.55 points, or 0.2 per cent, at 13,498.45. The Standard & Poor's 500 Index ...

Members require ID checks

MICHAEL HOBBS  |  THURSDAY, 13 DEC 2007
The Association of Superannuation Funds of Australia (ASFA) has warned that superannuation fund members may need to provide additional identification before they can receive their fund benefits, following the implementation of anti-money laundering ...

Market Wrap - Morning

AAP  |  THURSDAY, 13 DEC 2007
... global credit crunch. The benchmark Dow Jones Industrial Average ended up 41.86 points or 0.31 per cent at a preliminary close of 13,474.63. The tech-rich Nasdaq composite finished up 18.79 points or 0.71 per cent at 2,671.14 while the broad-market Standard ...

Market wrap - midday

AAP  |  WEDNESDAY, 12 DEC 2007
... $14.62. At 1209 AEDT the spot price of gold in Sydney was $US805.9 per fine ounce, down $US1.25 from last night's $US807.15 close. The gold miners were mixed, with Newcrest Mining shedding 23 cents to $32.97 and Newmont giving back six cents to $5.64 ...