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Perennial announces ownership, management changes

... since inception on 1 April 2000. Perennial said the changes would give the business greater independence as it moved into the next phase of development. "Four years ago we were financially dependent on IOOF, but now we are a stronger, profitable and ...

New Zealand Reserve Bank keeps interest rate on hold

... cycle - we haven't had to take that view at this stage. We are pausing ti wait and see what the data delivers up over the next few months. Our latest assessment is that the economy is continuing to cool, although not as sharply as previously thought." ...

Forecast of weakened non-farm economic growth in the near future: economist

... non-farm economy of between 2.5 per cent and 3% for the year. Whilst the global economy is expected to experience a recovery next year. Dr Ric Simes, chief economist at ICAP, has said that the economy is a bit weaker but will get better, given that inflation ...

Southcorp posts $922 million net loss

... Southcorp also warned the first half result for 2003-04 would be lower than the same period in the previous year. "For the next financial year, revenue and volumes are expected to remain flat," Southcorp said. "Significant trade loading in December 2002 ...

ABS releases population statistics for Australia

... decrease from between 2029-30 and 2070-71. Therefore (ABS said), while growth will continue at around its current rate for the next four to 15 years, it will slow throughout the remainder of the projection period. The ageing of Australia's population ...

Senator Campbell calls for single Asia-Pacific finance market

The formation of a single Asia Pacific finance market was one of the next major steps in globalisation of financial services, the Parliamentary Secretary to the Treasurer Senator Ian Campbell has announced. He said Australia would benefit greatly from ...

Federal Government welcomes ASIC investment banking report

... Senator Campbell said the CLERP 9 legislation would be introduced into Parliament this year and become effective from 1 July next year.

Morningstar's study on fund manager performance and characteristics

Morningstar has said that top-performing retail share funds for one year are not usually going to be those of the next, according to a new study published by the ratings house and commissioned by Vanguard Investments Australia. "The study show clearly ...

Snowball shareholders support growth initiatives

... strengthening of our financial structure has been approved, we are looking forward to improving cash flow performance over the next 12 months."

PSS/CSS calls for withdrawal of Gunns resolution

... General Meeting on 29 August, PSS/CSS expect Gunns to address its governance issues and will closely examine the issue when the next Gunns AGM is held."

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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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