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General

Beston leases $3.45 million acquisitions to Evans & Tate

The Beston Wine Industry Trust (BWI) has announced the acquisition of two wineries that will be leased to premium wine company Evans & Tate...

Perennial adds Oshry to Value team

Perennial Investments has increased the size of its Value team to six with the appointment of Grant Oshry as dealer/analyst, it announced today...

Hedge fund inflows double in the first quarter of 2003: survey

Aggregated flows for all hedge fund strategies more than doubled from US$596 million (A$993.33 million) to US$1.4 billion (A$2.33 billion) from the fourth quarter of 2002...

AMP announces demerger, $2.6 billion writedowns

AMP has announced a massive restructure that will see the company demerged along geographical lines and writedown $2.6 billion...

AMP shares put on halt until May 5: ASX

AMP shares have been placed in trading halt pending an announcement by the company, the Australian Stock Exchange (ASX) announced this morning...

Morning market wrap: Mixed signals for US market

The Dow Jones finished slightly lower as investors were subjected to a barrage of mixed signals regarding US economic health...

AMP Henderson prepares the ground for Stanbroke sale

AMP Henderson Global Investors is due to complete the first stage in its tender process to sell Stanbroke Pastoral Company by late May after “significant” declarations of interest in the company...

AMP demerger will have "minimal impact": APRA

The Australian Prudential and Regulation Authority (APRA) has said that AMP’s proposal to demerge is likely to have “a minimal impact on Australian policyholders and depositors”...

Miekle joins growing list of banned ex-CNAL trustees

The Australian and Prudential Regulation Authority (APRA) has banned Roger Miekle from “acting as responsible officer of a superannuation trustee, investment manager or custodian” for his part in the failure of the Commercial Nominees of Australia ...

Afternoon market wrap: All Ordinaries edges lower

The All Ordinaries index finished slightly lower but the day was ironically dominated by a stock with zero volume in trade. AMP was placed on trading halt as it announced a massive restructure and $2.6 billion writedown from its UK operations...