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Super rollover scheme promoter charged

... Southport Magistrates Court to hear 28 charges laid by the corporate regulator, with the case adjourned for further mention next month. Mr Ferrantino was granted bail on his own undertaking, and ordered to advise the Commonwealth Director of Public Prosecutions ...

Macquarie senior staff resign to take up positions elsewhere

... staff are head of equity research Dr Phil Dolan, and head of qualitative equity research Steve Guibin. While Mr Guibin's next position can only be speculated about, Dr Dolan has confirmed that he has been offered a professorship in finance at Sydney's ...

Economists expect a small rise in employment in November

AAP | THURSDAY, 11 DEC 2003

... rate at around 5.7 per cent. "Current job vacancy levels are consistent with job gains of 15,000-20,000 per month over the next few months," he said. "Employment growth of this magnitude will be enough to keep the unemployment rate hovering around the ...

Bridges chief to step down next month

Bridges Financial Services managing director David Bleakley will depart the group early next month, Tower Limited announced yesterday. He is to be replaced by David Wren, who has been appointed acting chief executive officer. Mr Wren will report to ...

AMP expected to reveal rights offer details next week

AAP | WEDNESDAY, 10 DEC 2003

Financial services group AMP Ltd is expected to reveal next week if its $1.2 billion rights offer suffered a shortfall. Some market watchers fear AMP might have had trouble attracting enough investors to its rights offer, which closed last night. An ...

Afternoon market wrap: shares dip lower

WITH AAP | MONDAY, 8 DEC 2003

... course of 2003. He told a parliamentary committee in Brisbane that the central bank also expected growth of four per cent next year. The RBA had expected GDP growth of 3.0 per cent earlier in the year. On Wall Street on Friday, stocks fell after a report ...

Government revises budget surplus forecasts

AAP | MONDAY, 8 DEC 2003

Bumper company taxes have given the federal government a war chest worth almost $5 billion in the lead up to next year's election. The mid-year Budget review, released today, estimated this year's surplus would be more than double the amount estimated ...

Macfarlane optimistic on GDP growth in 2004

AAP | MONDAY, 8 DEC 2003

... of the Reserve Bank of Australia (RBA) Ian Macfarlane said today. The central bank also expected growth of four per cent next year. The RBA had expected GDP growth of 3.0 per cent earlier in the year, he told a parliamentary committee in Brisbane. "Over ...

New director for IOOF in 2004

AAP | MONDAY, 8 DEC 2003

... Holdings Ltd, which debuted strongly on the Australian Stock Exchange last week, expects to appoint a new chief executive early next year. IOOF shares began trading on the ASX at $3.80, well above the issue price of $3.15. \"We expected it would be a ...

Brisbane has highest housing price increase for the year: ABS

... with a 24.4% in its housing price index for the year, whilst Adelaide comes third at 22.8%, Perth fourth at 19.2%, Hobart next at 19.1%, whilst Sydney at 16.5%, Melbourne at 11.6% and Darwin at 5.6% hold the rear. The weighted average for the eight capital ...

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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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