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CBA staff one step closer to striking after payrise deadlock

AAP  |  TUESDAY, 22 JUN 2004
... Commonwealth Bank of Australia (CBA) staff are one step closer to striking, after the bank today refused to budge on the size of its next payrise. CBA said it would start paying four per cent more from 1 July, claiming "there is no realistic prospect ...

NAB appoints Michael Chaney to board

AAP  |  MONDAY, 21 JUN 2004
... returns as Managing Director of Wesfarmers.\" He added that the bank was expected to make additional board appointments in the next couple of months.

Telstra returns $1.5 bln a yr to shareholders over next

AAP  |  MONDAY, 21 JUN 2004
Telstra Corp today pledged to return $1.5 billion to shareholders annually for the next three years, in a move chief financial officer John Stanhope said should dent its credit rating but boost its shares. Australia's biggest telco also lifted its dividend ...

Strategic shift for van Eyk asset consulting, John Peterson departs.

... strategic review and Peterson's departure. Following the review, Van Eyk said it had outlined a focus and strategy for the next three to five years for each of the group's core businesses; asset consulting, investment research and investment products. ...

New faces at VFMC

... Rogers to the position as acting cheif executive officer. Paul Murray will join the VFMC Investments team at the start of next month in the role of investment manager. Murray was formerly head of domestic cash and fixed interest at Macquarie Funds Management. ...

UK pension funds to dump equity: IMA

... Association (IMA) has found UK pension funds could shift as much as stg150 billion away from the UK equity markets during the next three years. The report said the current 56% assets held by pension funds in equities is expected to fall as funds adopt ...

Labor, coalition combined to defend current MP super benefits

... superannuation spokesperson Senator John Cherry moved in the Senate today to cap the current 67% scheme effective from the next election, and for all MPs to be placed on the 9% scheme from that date, subject to some transitional arrangements. The Democrats ...

Aust Prime Property Fund rated A- stable outlook by S&P

AAP  |  WEDNESDAY, 16 JUN 2004
... "We retain a number of accretive development options across the fund, with a potential value of over $220 million over the next three years," Mr Ling said in a statement.

ASIC to crack down on soft dollar benefits

... ASIC's executive director of consumer protection and international said. ASIC will also be considering a formal surveillance next financial year to ensure firms are fully disclosing soft dollar benefits. Industry group's IFSA and the FPA both welcomed ...

Chaney mooted as future NAB chair

AAP  |  MONDAY, 7 JUN 2004
... including dissident director Catherine Walter. Current chairman Graham Kraehe has said he will step down no later than mid-next year after a suitable replacement is found.