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General

Growth funds just outperform balanced funds in August: Mercer

Growth funds are still struggling to outperform balanced funds, despite the strong recovery in global equity markets, according to the latest survey of pooled funds by Mercer Investment Consulting.

Afternoon market wrap: All Ordinaries trail lower at close

The All Ordinaries was trading lower at close of the week’s activities with a sell down in resources stocks pulling the Australian share market...

UK brokerage firm to launch "socially irresponsible" investment fund

UK brokerage firm Willis Owen has unveiled plans to launch a 'vice' fund dedicated to putting money in companies shunned by ethical investment campaigners...

Adelaide Bank raises $50 million through share placement

Adelaide Bank has announced today that a successful $50 million capital raising through an institutional placement of approximately six million new ordinary shares...

AMP's views on the recent ABS housing price data

AMP’s chief economist and head of investment strategy Dr Shane Oliver has said that the latest Australian Bureau of Statistics (ABS)...

Colonial First State announces changes to its distribution team

After a period of review, Colonial First State's (CFS) new general manager of distribution Richard Nunn has announced several changes to his distribution team...

ASIC investigation yields yet another accused director

Former company director Karl Suleman today appeared in the Downing Centre Local Court in Sydney and was committed to stand trial on four fraud charges...

ANZ responds to NZ poor management report

ANZ Banking Group Ltd has hit back at a report in New Zealand that claimed it has a poor management culture with a poor reputation for looking after its customers...

Midday market wrap: Japanese, domestic stocks edge down to noon

Japanese shares erased early gains and edged down by midday on Friday as profit-taking took a toll on big banks and some tech issues such as NEC Corp after the key...

Adler pleads not guilty to manipulation charges

Disgraced former HIH director Rodney Adler today pleaded not guilty to charges of stockmarket manipulation...