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Midday Market Wrap: Dollar stronger, bonds steady

... York over the weekend, remaining in marginally positive territory at noon on flat trading. By 1201 AEDT, the benchmark S&P/ASX 200 index was up 4.8 points to 3261.1, mirrored by the all ordinaries index which had also risen 4.8 points to 3271.0. All ...

Afternoon market wrap: Shares continue to lose ground

WITH AAP | FRIDAY, 24 OCT 2003

... on news that ANZ Banking Group had reached agreement to acquire the National Bank of New Zealand (NBNZ). The benchmark S&P/ASX 200 index closed down 10.1 points at 3256.2 while the all ordinaries lost eight points to 3266.1. ANZ is set to become one ...

Midday Market Wrap: Dollar gets handle over 70 US cents

AAP | FRIDAY, 24 OCT 2003

... November 2006 bond was at 5.440 per cent compared with 5.370. The Australian stock market was flat at noon. The benchmark S&P/ASX 200 index was 0.1 of a point higher at 3266.4 while the all ordinaries index had added 1.7 points to 3275.8. On the Sydney ...

Cicutto reappointed as NAB chief

AAP | FRIDAY, 24 OCT 2003

... chairman Charles Allen said. "The remuneration structure is highly performance-oriented and is comparable with other leading ASX companies and UK banking peers." NAB said Mr Cicutto's short term incentive target would be linked to his own performance ...

Changes to S&P/ASX indexes

Standard and Poor's has announced the addition of Sigma Company Limited to the S&P/ASX 100 index, effective after the close of business on 31 October. The ratings an information agency also said OAMPS Limited will be added to the S&P/ASX 200 index at ...

ASX gives no tips on new CEO

AAP | FRIDAY, 24 OCT 2003

Australian Stock Exchange Ltd (ASX) chairman Maurice Newman has left options wide open for finding a replacement for outgoing chief executive Richard Humphry. Mr Newman said he would prefer the new chief executive to come from within current company ...

Afternoon market wrap: Stronger dollar hurts stocks, lifts bonds

... Australian dollar left the Australian share market weaker today, with major resource stocks leading the way down. The benchmark S&P/ASX 200 index closed 33.2 points weaker at 3266.3. The dip in the Australian market followed strong downward trends internationally ...

Morning Market Wrap: Dollar still up; Wall Street slow

... after a rally off 2003 lows that began in mid-March. All but three of the 30 blue-chip Dow components fell. The benchmark S&P/ASX 200 index closed 4.2 points softer at 3299.5 while the all ordinaries was 5.3 points lower at 3305.3. By 0714 AEST on the ...

Afternoon Market Wrap: Market low on anticipated Wall Street losses

... an hour it took a bit of a beating. "I think a little bit of profit taking has come in in the afternoon." The benchmark S&P/ASX 200 index closed 4.2 points softer at 3299.5 while the all ordinaries was 5.3 points lower at at 3305.3. On the Sydney Futures ...

Morning Market Wrap: Dollar breaks $US0.7000

... The local market jumped to a fresh 16-month high yesterday amid a mixed performance by blue chip stocks. The benchmark S&P/ASX 200 index climbed 16 points to 3303.7 and the all ordinaries added 15.6 points to 3310.6. By 0707 AEST on the Sydney Futures ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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