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General

QSuper scraps Balanced with Reserves investment option

The $8.5 billion Queensland Superannuation Fund (Qsuper) has announced that it will scrap its Balanced with Reserves investment option to its 501,371 members...

Midday market wrap: Banks push index lower

Losses among the major banks weighed on the All Ordinaries index, pushing it 18.50 points lower to 2947.10 at lunchtime...

James Fielding to launch childcare property fund

James Fielding Funds Management (JFG) is to launch an unlisted, fixed term childcare property fund with an initial forecast yield of 9.7 per cent...

Morning market wrap: Economic data drags US shares lower

Disappointing economic data weighed on US investors’ minds, pushing the Dow Jones index 25.84 points lower...

Takeovers Panel defers decision on Centro bid for ART

The Takeovers Panel has decided to defer a decision on Centro’s bid for the AMP Shopping Centre Trust (ART) to allow AMP Life to make submissions to the proceedings...

Afternoon market wrap: AMP faces blue Monday

AMP shareholders will have an anxious weekend contemplating how the market will take to Thursday’s demerger proposal after a series of negative analyst reports, further falls in London share prices, and a bad day at the office for the major banks on ...

ASIC chairman calls for action on nation's financial literacy

In response to today's ANZ survey into national financial literacy levels, Australian Securities and Investments Commission (ASIC) chairman David Knott has called for a 'national partnership of stakeholders' to improve financial literacy levels across ...

UBS wins Assirt fund manager of the year

UBS Global Asset Management has won the Assirt Fund Manager of the Year Award for the second year in a row...

Lend Lease sells US real estate debts for $180 million

Lend Lease Corporation Limited (Lend Lease) today announced that it had entered into an agreement with GMAC Commercial Mortgage Corporation (GMACCM)...

Midday market wrap: All Ordinaries down slightly

The All Ordinaries lost some ground this morning in trading while AMP announced a massive demerger that will see the company divided on geographical lines...