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Market wrap - morning

AAP  |  MONDAY, 20 AUG 2007
... outlook and company profits, with exporters the hardest hit, including Toyota Motor Corp. The Nikkei settled at its lowest close since August 7, 2006, dropping 874.81 points or 5.42 per cent to end at 15,273.68. HONG KONG - In volatile trade with heavy ...

Market Wrap - Midday

AAP  |  FRIDAY, 17 AUG 2007
... After a volatile morning, Australian stocks were firmer at noon, after Wall St made a spectacular recovery shortly before close overnight to end mixed. At 1200 AEST, the benchmark S&P/ASX200 index had climbed 42.8 points to 5754.3 and the All Ordinaries ...

St George chief moves to Westpac

MICHAEL HOBBS  |  FRIDAY, 17 AUG 2007
Westpac ended its extensive search for a successor to long time chief executive David Morgan when it appointed St. George Bank's highly regarded chief executive Gail Kelly to the plum role. During Kelly's tenure at St. George, the bank more than doubled ...

Market uncertainty stalls K2 float

MICHAEL HOBBS  |  FRIDAY, 17 AUG 2007
Top rating fund manager K2 Asset Management has withdrawn its initial public offer (IPO) due to recent market volatility. K2 Asset Management chairman Campbell Neal said an ASX listing at this time would not meet the objectives of K2 and therefore wouldn't ...

Bear claws and database gremlins

SUZY MAC  |  FRIDAY, 17 AUG 2007
... in mid-July. However, a late recovery saw the S&P 500 finishing in positive territory with a rise of 0.3 per cent at the close while the Dow finished down 0.1 per cent. Local equities continued to slide as a result and at 1.50 pm the market was down ...

Market Wrap - Morning

AAP  |  FRIDAY, 17 AUG 2007
... sparked panic on the markets, with $21 billion wiped from the value of stocks comprising the All Ordinaries index by the close. Traders were left with nowhere to hedge risk, triggering the sale of physical stocks instead. Futures trading was halted by ...

Market Wrap - Midday

AAP  |  THURSDAY, 16 AUG 2007
... Dow Jones industrial average lost 167.45 points, or 1.29 per cent, to end at 12,861.47 -- or 8.4 per cent below its record close. It was the Dow's first close below 13,000 since April 24. The Standard & Poor's 500 Index fell 19.84 points, or 1.39 per ...

Risky business

SUZY MAC  |  THURSDAY, 16 AUG 2007
... cent. Overnight the US stock market took a nasty spill towards the end of trading with the S&P 500 dropping 1.4 per cent to close 1406.7. Year to date this leaves the S&P down 0.8 per cent however it is still up 9 per cent over the past 12 months. Where ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 AUG 2007
... market closed in negative territory yesterday, with heavy losses in the resources sector weighing on the local bourse. At the close, the benchmark S&P/ASX200 index was 176.8 points lower at 5788 and the all ordinaries lost 181 points to 5801.5. Crude ...

High net worth clients like it crystal clear

CHRIS NICHOLLS  |  WEDNESDAY, 15 AUG 2007
Among the key criteria for high net worth clients when choosing where to park their money are product transparency and access to the underlying fund managers, according to Richard Nicholas, director of Peak Investment Partners. Speaking at the Financial ...