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General

ASIC gives AMP green light for demerger

The Australian and Securities and Investments Commission (ASIC) will allow AMP to proceed with its demerger offer to retail investors...

Morning Market Wrap: Dow Jones Ends back Above 9,000

US share markets ended higher on Tuesday, following positive earnings comments from computer chip maker Micron Technology Inc...

ASIC to crackdown on 'get-rich-quick' schemes

The Australian Securities and Investments Commission (ASIC) will seek indirect influence in regulating real estate ‘get-rich-quick’ schemes...

New York-based Sterling Grace Corporation invests in OFM

Listed funds manager and financial services company OFM Investment Group Limited (OFM) has announced that the Sterling Grace Corporation...

Afternoon market wrap: Shares run out of steam

The All Ordinaries index ran out of steam somewhat in the afternoon session, eroding gains earlier in the day...

Abacus launches new property fund

Abacus Property Group (ABP) has today announced the launch of the Abacus Diversified Income Fund that will be managed by Abacus Funds...

Snowball announces $1.3 million capital raising

Listed financial planning group Snowball has announced a capital raising that it says will enable the company to move more quickly...

AMP appoints Lockery to head of corporate super

AMP Australian financial services has appointed Ken Lockery as head of corporate superannuation strategy...

Adelaide financial adviser sentenced to a year in jail

David Mudge, former financial adviser for Windsor Gardens in Adelaide, has been sentenced in Adelaide’s District Court on a charge...

Adelaide Bank on track for record profit

Adelaide Bank is on track to report a record profit, aiming to record at least 10 per cent earning per share growth and a return on equity exceeding 15%...