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Economics

Westpac breaks up consumer and business banking

HAMISH MADDEN  |  WEDNESDAY, 21 FEB 2007
Westpac has announced a split in the structure of its Australian Business and Consumer Banking (BCB) division.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 21 FEB 2007
The impact of the drought on the Australian economy is set to worsen and the government has just revised up its forecasts noting that the summer crop is likely to be the worst in more than two decades with a reduction of the order of about 60 per cent.

Market wrap - morning

AAP  |  WEDNESDAY, 21 FEB 2007
The Australian share market is expected to open flat with only a slight lead from Wall Street. On the Sydney Futures Exchange at 0742 AEDT, the March share price index contract was unchanged at 5969.

Market wrap - midday

AAP  |  TUESDAY, 20 FEB 2007
The Australian stock market was virtually flat at midday, giving back most of gains made earlier in the morning, with brewer Foster's providing downside after weaker-than-expected results. At 1200 AEDT, the benchmark S&P/ASX200 index was just 0.2 points ...

Daily economic round-up

PETER BELL  |  TUESDAY, 20 FEB 2007
The Commonwealth Bank of Australia will spend about $50 million in advertising to turn around poor customer satisfaction scores which have apparently been a consequence of the inadequate timeliness in addressing customer needs.

Pengana to ride the UK REIT wave

Fund manager Pengana Capital has timed the expansion of its London base to coincide with the opening of the real estate investment trust (REIT) market in the UK and the rest of Western Europe.

Market wrap - morning

AAP  |  TUESDAY, 20 FEB 2007
The Australian share market is expected to retreat from intraday highs yesterday, with no lead from Wall Street and mostly lower commodity prices. On the Sydney Futures Exchange at 0646 AEDT, the March share price index contract was down four points ...

Market wrap - midday

AAP  |  MONDAY, 19 FEB 2007
The Australian stock market remained higher at noon, led by most of the big banks, and boosted by generally positive investor sentiment.

Daily economic round-up

PETER BELL  |  MONDAY, 19 FEB 2007
As the NSW State election draws closer the economic impact of solutions to the water crisis are becoming apparent.

Market wrap - morning

AAP  |  MONDAY, 19 FEB 2007
The Australian share market is expected to open higher after a slighter stronger lead from Wall Street on Friday. On the Sydney Futures Exchange at 0711 AEDT, the March share price index contract was up 11 points to 5935.