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General

Midday market wrap: AMP leads index lower

The All Ordinaries index was down 4.10 points in trading by lunch as AMP shares fell 2.5% to $5.17...

Economists welcome Government "backflip" on CGS

The Government’s decision to end the uncertainty surrounding the future of the Commonwealth Government bond market has received a guarded welcome from economists...

AXA appoints Robertson as Financial Planning national manager

AXA has appointed Paul Robertson as national manager of AXA Financial Planning, it has announced. Robertson makes the switch from St George Bank, where he was head of IFA sales...

National takes $205 million hit on wealth management business

The National Australia Bank (NAB) has announced a net profit of $1.87 billion for the six months ended 31 March, a fall of 17%, as the company reduced the value of its wealth management business by $205 million...

Morning market wrap: US shares run out of steam

US shares retreated in the wake of a terrorist attack in Saudi Arabia, indicating that investors were still sensitive to headlines unrelated to US financial or economic...

Income tax Budget gets mixed reaction

Federal Treasurer Peter Costello’s eighth Budget has drawn a mixed reaction from the financial services sector despite the inclusion of headline-friendly personal income tax cuts...

Afternoon market wrap: AMP drags index lower

The All Ordinaries continued to edge lower during the afternoon session, and was helped to a 9.10 point loss over the day as a whole by a 4.3% fall on AMP shares...

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)...