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Asgard reappoints PrefSure; planners premiums down

... premiums in these areas would be hiked by 40% from 1 November this year. "The new group rates will be phases in over the next 12 months and Asgard plans to introduce an additional product line of an up to 65 year old salary continuance benefit for employer ...

Deutsche Bank to create $3.5bn merged property trust

AAP  |  THURSDAY, 5 AUG 2004
... into a $3.5 billion entity with offshore reach and enough scale to deliver an uplift in earnings for unitholders over the next two years, its Australian management arm said on Wednesday. The new entity, to be called DB RREEF Trust and named after Deutsche ...

Australia performs strongly in global sector survey; S&P

... return across all markets was recorded in Latin American utilities which achieved 18.3% for the month, well ahead of the next best performing market while the worst monthly performances were in IT with no regional markets able to produce positive performances. ...

ING Industrial Fund ready to build scale to lift earnings

AAP  |  WEDNESDAY, 4 AUG 2004
... sale of further non-core assets. But Toussaint said the gearing is likely to rise to 28% following the settlement in January next year of a strategic development site in Eastern Creek, New South Wales.

Incoming NAB chairman Chaney says he wants ego-free directors

AAP  |  TUESDAY, 3 AUG 2004
... Australia Bank chairman-in-waiting Michael Chaney wants an ego-free boardroom when he takes over the troubled bank in September next year. Chaney, the outgoing chief executive of diversified group Wesfarmers, has spoken for the first time about his plans ...

RBA to leave rates on hold this month: economists

AAP  |  MONDAY, 2 AUG 2004
... December 2003. Goldman Sachs JBWere economist David Colosimo said rates should remain on hold until the March quarter of next year, when they would rise by 25 basis points. \"In the near term we have the election timing, which always makes monetary policy ...

Market wrap

AAP  |  MONDAY, 2 AUG 2004
... number of major companies reporting earnings this week, local news is likely to set the tone for the domestic market over the next few weeks. On the Sydney Futures Exchange, the September share price index contract - an indicator of activity ahead - ...

Top performing super fund goes public

... bookmakers fund have all produced average annual returns over five years of 12% or greater - an average 3% greater than the next strongest performing super fund compounded over five years. For the financial year ending 30 June 2004, the NSW Bookmakers ...

Stevedores super holding down No 1; Rainmaker

... in the top five, CitySuper balanced at 15.32%. Rainmaker said the final published results will be available by the end of next week.

Mini-boom of energy companies to hit boards in next month

A mini-boom of IPOs in the energy sector over the next month will be an important test of investor appetite for oil and gas explorers, according to Deloitte Corporate Finance. Deloitte Corporate Finance partner, Peter Thornely, who specialises in the ...