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ASIC raids Steve Vizard's house following insider trading allegation

AAP  |  FRIDAY, 19 DEC 2003
... on Tuesday. The raid related to allegations made by Mr Vizard's former accountant, Roy Hilliard, who is due to face trial next year over allegations he stole $3 million from his boss. In May, Mr Hilliard accused the Victorian Major Events chairman of ...

Merrill Lynch survey reveals upbeat global sentiment on equities

... expecting yields to be far higher. The fund managers also said that they expect the US Fed to raise rates in the middle of next year. "Our panel is positioned for a classic cyclical upturn, both regionally and in terms of global sectors," said Merrill ...

Latham poll shows election to be close: Costello

AAP  |  TUESDAY, 16 DEC 2003
An opinion poll which indicated a surge in support for Labor leader Mark Latham showed the federal election expected next year would be a close race, Treasurer Peter Costello said. The Australian newspaper's Newspoll showed that, in two weeks, Mr Latham's ...

AMP to offer $585 million shortfall from rights issue

AAP  |  TUESDAY, 16 DEC 2003
... said. The A$585 million shortfall from the rights offer will now be sold into an institutional bookbuild to be held over the next two days. As contemplated in the offer structure, the total size of the bookbuild will be A$650 million, with the increment ...

Equity investors confident on 2004: survey

... stockings stuffed full with positive returns this year, and a large proportion expect Santa will have delivered the same present next Christmas, according to a new survey. The Financial Standard Intelligence Unit's (FSIU) December market expectations ...

Former MFM executive turns up at Schroders

... one of four Macaquarie Funds Management (MFM) executives to suddenly resign from the group last week, will join Schroders next month as a senior portfolio manager. Mr Guiben's appointment follows the earlier announcement Schroder's former chief investment ...

Property guru Kaye faces court over third company

AAP  |  MONDAY, 15 DEC 2003
A court application to place a third Henry Kaye company in receivership has been listed to be heard on Tuesday next week. Australia's corporate regulator has taken property spruiker Mr Kaye to the Federal Court in an effort to rein in his business activities ...

CEOs say rate hikes biggest threat to economy: survey

AAP  |  MONDAY, 15 DEC 2003
... Confidence Index showed 36 per cent of Australian CEOs surveyed believe rate hikes posed the greatest danger to the economy next year. The most significant impacts of the current and projected rate rise were reported to be a decrease in revenue because ...

AMP wins federal court approval for demerger

AAP  |  FRIDAY, 12 DEC 2003
... rights issue, which has been fully underwritten, could suffer a big shortfall. AMP's shares will be placed in a trading halt next Tuesday and Wednesday during an institutional bookbuild to determine the price of shares that will be issued in the rights ...

Midday Market Wrap: Market up buoyed by strong gains on Wall Street

... for the first time in nearly 19 months, as comments from the Federal Reserve indicating inflation would remain low over the next year reassured investors that the central bank would not lift interest rates any time soon. The Dow Jones industrial average ...