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General

AMP to set up new utilities fund following Aquila acquisition

AMP Henderson Global Investors  (AMPH) is to establish a new ‘AMP Henderson Utilities Fund’ following a joint proposal with Alinta Gas to acquire United Energy...

ING moves for US-based Delta Capital Management

ING is reportedly set to acquire US-based Delta Capital Management for an undisclosed fee...

Morning market wrap: Dow Jones up on positive earnings

The Dow Jones jumped 156.09 points overnight as positive corporate earnings encouraged investors following a muted start to the week...

HIP gets replacement for ipac

The Health Industry Plan (HIP) superannuation fund has replaced ipac Investment Services with JANA Investment Advisers as its asset consultant, it has announced...

March quarter records highest price rises since 1995: ABS

The Australian Bureau of Statistics (ABS) today announced that the Consumer Price Index (CPI) had risen by 1.3 per cent for the March quarter 2003, up from 0.7%...

Dutch adviser arrested on SMSF charge

The Australian Securities and Investments Commission (ASIC) announced today that Piet Walters, a Dutch citizen also known as Fred Hofman, was arrested...

IWL secures 84.3% of Sanford and extends offer deadline

InvestorWeb Limited (IWL) has announced that it has secured 84.3 per cent of Sanford Limited and further extended the offer period to Sanford shareholders to May 1...

Investa acquires Queensland residential site for $26 million

Investa Property Group has announced that it has acquired a residential subdivision site in Queensland close to the University of the Sunshine Coast for $26 million...

Government appoints Reith for EBRD in London

The Government has nominated Peter Reith as an executive director at the European Bank for Reconstruction and Development (EBRD) in London for a three year period...

Morning market wrap: US shares edge lower

Shares in the US were marginally weaker overnight as investors again were again prepared to sit on the sidelines and await corporate earnings figures...