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General

ASIC launches probe into futures trade ahead of AMP announcement

David Knott, chairman of the Australian Securities and Investments Commission (ASIC), today confirmed that ASIC is making enquiries into the trading of futures contract ahead of AMP's announcement of its demerger plans last Thursday...

Morning market wrap: Market turns spotlight on AMP

After yesterday’s massive loss in share value AMP shareholders will be hoping for a period of consolidation but last week’s proposed demerger and $2.6 billion writedown...

Principal appoints Ben Aiken to replace Tim Russell

The Principal Office Fund has appointed Ben Aiken to director of capital transactions to replace the departing Tim Russell, it has announced...

Afternoon market wrap: AMP suffers afternoon slump

The All Ordinaries index continued to retreat in afternoon trade, finishing 10.50 points lower over the course of the day at 2937.50...

Victorian unfunded super liabilities blow out to $13.6 billion

Unfunded superannuation liabilities in Victoria are expected to rise to $13.6 billion at June 30 2003, an increase of $256 million over the June 30 2002 figure...

ASFA calls for standardised fees and charges disclosure

The Association of Superannuation Funds of Australia (ASFA) has urged the government and ASIC to implement standardised disclosure documents to allow consumers to compare fees and charges...

Sydney property scheme promoter sentenced to jail

Sydney property promoter Stephen Taylor has been sentenced to 12 months jail following a guilty plea to six charges brought by the Australian Securities and Investments Commission (ASIC)...

Mercer appoints Rogers to head up implemented consulting

Mercer Investment Consulting has appointed Paul Rogers to lead the product management, sales and marketing of Mercer’s Implemented Investment Solutions...

Midday market wrap: All Ordinaries edges lower

The All Ordinaries index was marginally lower at lunchtime in a mixed session for blue chips. AMP moved $0.05 higher to $5.65 although the company continues to attract controversy...

Retail trade increases by 0.7% to $14.64 billion in March 2003

Retail trade increased by 0.7 per cent in March to $14.64 billion, while the value of retail trade for the March quarter as a whole was $41.63 billion, a 0.2% dip from the value of retail trade in the December 2002 quarter...