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General

Investa launches $50 million property syndicate

Investa Property Group has launched the Investa Fifth Commercial Trust, the group’s seventh property syndicate, with equity of $50 million...

Afternoon market wrap: Tower loses over one-third of value

Tower lost over one-third of its sharemarket value in one day after it warned of an expected loss in excess of $161 million in its upcoming half year profits to be released on May 28...

APRA warns super funds and life insurers on "legacy issues"

The Australian Prudential Regulation Authority (APRA) has emphasised the need for financial institutions – particularly life insurers and superannuation funds — to address "legacy issues"...

Midday market wrap: AMP tests $5.00 mark again

AMP shares were again under pressure as the All Ordinaries index reflected the overnight losses on global share indices...

Westfield offers $1.9 billion cash for AMP Shopping Centre Trust

Westfield Trust has announced an all-cash takeover offer for the outstanding units (including all rights) in the AMP Shopping Centre Trust (ART) at $1.80 per unit, valuing it trust at $1.9 billion...

Strategic appoints Watmore to head of product role

Strategic Investments has appointed former Sagitta product development manager Mark Watmore to a new position of head of product...

Morning market wrap: UK, US shares dumped

Shares in the US and in London fell sharply as the rally that had pushed both markets up since March appeared to be over...

Henry predicts solid growth in 2004, explains CGS commitment

Australia will record solid but not spectacular economic growth next financial year, according to Treasury Secretary Ken Henry...

Commonwealth Bank remains confident of earnings growth

The Commonwealth Bank of Australia (CBA) has announced that it remains confident of achieving satisfactory earnings growth for 2002/03 as it continues to benefit from the housing boom...

Afternoon market wrap: Afternoon rally caps losses

The All Ordinaries index made up some lost ground in the afternoon session to claw back some ground lost earlier in the day...