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General

ANZ profits up by $1.14 billion

ANZ Bank today announced an operating profit after tax of $1.14 billion for the half year ended March 2003. This is an increase of 8.7 per cent for the same period last year...

Morning market wrap: All Ordinaries at three month high

The All Ordinaries will begin trading on a three month high today following good returns from the banking sector yesterday. ANZ announced a profit of $1.14 billion...

$4.6 billion Retail Employees Super Trust to decide on asset consultant

The $4.6 billion Retail Employees Superannuation Trust (REST), which has 1.2 million members, of whom 713,000 are active, making it Australia’s biggest super fund...

Afternoon market wrap: All Ordinaries dip slightly

The All Ordinaries dipped slightly in close of trading prior the Anzac Day weekend. Qantas shares in particular experienced a significant fall, with its share price falling $0.12 to $3.00 or a fall of 4 per cent...

ING Australia in CEO change of guard

The Board of ING Australia has announced the appointment of Paul Bedbrook to succeed John Wylie as chief executive officer of ING Australia as of July 1 2003...

Flight Centre records $68.8 million in profits

Flight Centre today announced an increase of 21 per cent in its pre tax profit of $68.8 million for the nine months to March 31, 2002 and  a 31% increase in gross ticket sales and other revenue to $3.14 billion...

Hartley's sells margin lending book

Hartleys Limited today announced the settlement of the sale of its margin lending book to Adelaide Bank. The sale, made with a book value of approximately $130 million...

Midday market wrap: Air New Zealand falls after profit warning

Air New Zealand’s woes continued in the morning session. The carrier has been struggling since the ACCC/Commerce Commission came out against its proposed alliance with Qantas, and it lost a further $0.02 following another downward revision to its earnings ...

AMP reviews diversified funds benchmarks

AMP Henderson Global Investors has announced a review of its diversified funds benchmarks, slightly reducing its exposure to international shares while simultaneously increasing its exposure to direct property...

Air New Zealand reduces earnings estimate, cancels services

Air New Zealand has announced a further downward revision to its earnings estimate for the financial year ending 2003, reducing it to NZ$200 million (A$180.95 million)...