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General

Morningstar downgrades Perpetual's business and management

Morningstar has downgraded its outlook for Perpetual Investments' business and management strength from 'very positive' to 'positive'...

Centro extends offer period for ART takeover bid

Centro Property Trust has extended the offer period for its takeover bid for AMP Shopping Centre Trust (ART)...

Conroy cautions superannuation funds on use of hedge funds

Shadow Finance Minister Stephen Conroy has warned superannuation funds to exercise caution when considering the use of hedge funds as part of their investment strategy...

Yates takes charge of AMP's UK businesses

AMP has placed current head of Henderson Global Investors Roger Yates in charge of its troubled UK operations...

Midday market wrap: All Ordinaries gain

The All Ordinaries gained over one per cent in trading this morning as the banking sector also registered positive...

Investment style distinction "increasingly muddled": InTech

The distinction between value and growth is becoming blurred as Australian equities fund managers of each style engage in cross-investing, according to asset consultants InTech...

ASIC revokes 10 dealer licences in South Australia

The Australian Securities and Investments Commission (ASIC) has announced that it has revoked the licences of 10 South Australian securities dealerships...

AMP to sell $222 million New Zealand rural lending portfolio

AMP has entered into an agreement to sell its $222 million rural lending portfolio in New Zealand to Rabobank...

Tower shareholders "duped and deceived": Shareholders Association

Shareholders in troubled financial services company Tower have been misled for years about the company's true worth, NZ Shareholders' Association chairman Bruce Sheppard said today...

MCS launches first international portfolio after NZ acquisition

MCS Property has launched its first international portfolio of retail shopping centres with the release of MCS20 (International No.1) and acquisition of its second centre in New Zealand...