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General

Midday market wrap: All Ordinaries marginally firmer

The All Ordinaries index was up by 4.50 points at lunchtime in line with the US market...

ACCC to block Qantas-Air New Zealand deal

The Australian Competition and Consumer Commission (ACCC) has issued a draft decision denying Qantas’ proposed acquisition of 22.5 per cent of Air New Zealand, describing it as “very anti-competitive and not in the public interest”...

APRA hits back at hedge fund policy criticism

The Australian Prudential and Regulation Authority (APRA) has hit back at criticism over its March warning to superannuation funds about the possible perils of hedge funds...

Morningstar and ninemsn launch web-based fund tools

Morningstar and ninemsn announced today the launch of three managed funds tools to be featured on the ninemsn.com.au/investor website...

ANZ predicts 4% Australian economic growth in 2004

ANZ today predicted that the Australian economy will grow by 3 per cent for 2003 and by 4% for 2004, slightly higher than the forecasted  average for world economic growth of 2.9% in 2003, and 3.9% for 2004...

Challenger and CPH tie the knot, Cuffe in as CEO

Challenger and CPH have taken the next step on the road to eventual union by signing an implementation agreement that will create a $1.1 billion financial services group...

Morning market wrap: US shares fall as war nears conclusion

Shares in the US fell overnight as any boost from the toppling of Saddam Hussein’s regime in Iraq was replaced by caution ahead of the start of the US quarterly reporting season...

Centro takes AMP to Takeovers Panel over Shopping Centre Trust

Centro has lodged an application with the Takeovers Panel in a bid to kick-start its stalled bid for the AMP Shopping Centre Trust (ART), seeking legal clarification on the ‘pre-emptive’ rights issue that threatens to derail the bid...

Morningstar upgrades BT global equities, downgrades property

Morningstar has announced an upgrade of BT Financial Group’s international equities sector strength rating from ‘neutral’ to ‘positive’ in tandem with a downgrade for its listed property rating from ‘neutral’ to ‘negative...

Afternoon market wrap: Heavyweight pummels index lower

News Corporation lost over $1.00 during the day, finishing at $10.70, helping the All Ordinaries index to an overall loss of 11 points...