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General

ASIC backs Village Roadshow on dividend suspension decision

The Australian Securities and Investments Commission (ASIC) today announced that the suspension of preference share dividends by Village Roadshow was “permitted under the constitution of the company”...

QIC appoints two specialists for $300 million implemented fund

QIC has awarded two specialist small cap mandates to Perennial Value Management and Portfolio Partners as part of its $300 million QIC Implemented Australian Equities Fund...

Retail figures rise 1.2% to $14.83 billion in April: ABS

Retail trade, hospitality and services activity increased 1.2 per cent in April to $14.83 billion...

Ireland sets new course for Mariner

Former Challenger managing director Bill Ireland has wasted no time in plotting a new course for Mariner Financial and Mariner Retirement Solutions by unveiling a link-up with Industry Fund Services (IFS) and investment bank Babcock and Brown...

Morning market wrap: US shares resume upward swing

Domestic shares are likely to start the week on a positive note as the Dow Jones index finished strongly higher on Friday...

ACCC launches joint initiative to combat unscrupulous businesses

The Australian Competition and Consumer Commission (ACCC) and its Consumer Consultative Committee (CCC) have announced today...

Australians are the second biggest spenders after Americans

Australians rank second after the United States as the biggest spenders in the world, and changes in spending patterns over the past three decades...

Dealer groups bearish on outlook for property

Almost 50 per cent of financial dealer groups believe that property as an asset class will lose value over the next six-to-12 months...

Norwich adds corporate super to Navigator platform

Norwich Union has added corporate superannuation to its Navigator platform for the first time with a new range of funds and managers...

Afternoon market wrap: AMP gains 3.8%

AMP shares clawed back some of last week’s losses, rising by 3.8% over the course of the day to finish at $4.95...