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General

St George's $250m subordinated notes issue oversubscribed

St George Bank has announced the pricing of a new $250 million subordinated notes issue that was oversubscribed at final allotment following “strong investor demand”...

Standard & Poor's downgrades AMP's financial operations

Standard & Poor’s (S&P) has announced downgrades to all of AMP’s business units in the wake of its proposed demerger...

Centro hails Takeovers Panel victory on ART

Centro Properties has warmly welcomed a decision by the Takeovers Panel that will prevent AMP Life from exercising any pre-emptive rights over the interest held by AMP Shopping Centre Trust (ART)...

Trustees and managers must take active role in governance: ALP

Shadow Minister for Finance, Small Business and Financial Services Senator Stephen Conroy has again called upon institutional investors take a greater role in ensuring that the companies they invest in are well governed...

Midday market wrap: All Ordinaries gain slightly

The All Ordinaries gained 0.4 per cent in trading at lunch with a rise of 12.7 points to 2958.20. AMP shares fell 3.5% to $5.25, while Promina shares went into reverse gear...

Tax amendments set to improve Australia-US investment: Costello

Opportunities for increased trade and investment flows between the United States and Australia will be improved as a result of amendments to the Double Tax Treaty...

Assirt upgrades Citigroup's Australian equities management

Assirt has upgraded Citigroup Asset Management’ (CitiAM) Australian equities rating to ‘strong’...

Macquarie announces 33% profit surge to $333 million

Macquarie Bank today announced a $333 million profit for the year ended March 31, an increase of 33 per cent from the $250 million profit in the corresponding period last year...

Morning market wrap: Dow Jones at four-month high

The Dow Jones recorded its second day of strong gains as investors continued where they left off on Friday, lifting the index to its highest point since mid-January...

Afternoon market wrap: All Ordinaries close higher

The All Ordinaries closed trading in positive territory by 6.6 points to 2952.10. AMP shares continued the downward swing...