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General

Investor Group secures second Stockford acquisition

Investor Group today announced that it had bought Stockford’s accounting and financial planning business in Richmond in a part cash part equity deal, making it the second Melbourne-based acquisition in under a week.

SG Hiscock tops fastest growing investment manger table: survey

SG Hiscock and Company was the fastest growing investment manager in Australia in percentage terms in 2002, according to the latest research by Rainmaker Information.

Superannuation awareness "extremely poor": CPA

The Certified Practising Accountants (CPA) of Australia today threw its weight behind the government’s proposed ‘choice of super’ fund initiative being debated in parliament this week, but added that a number of practical issues had to be addressed ...

Coonan resilient on super surcharges, co-contribution

The Minister For Revenue and the Assistant Treasurer Helen Coonan has restated the government's position on superannuation surcharges and co-contribution in the wake of stinging criticism last from the Association of Superannuation Funds of Australia ...

Centro announces $1.32 billion move for AMP Shopping Centre Trust

Listed property trust Centro today acquired 19.9% of units in AMP Shopping Centre Trust (ART) and promptly followed up the acquisition with an off-market bid to take the remaining units, valuing ART at approximately $1.32 billion.

Afternoon market wrap: Commonwealth, AMP continue to climb

Commonwealth and AMP continued their recent resurgence, outperforming the All Ordinaries index as a whole as investors continued to regard current prices favourably after recent heavy sell-offs.

SA adviser joins son on ASIC banned list

The Australian Securities and Investments Commission (ASIC) today handed down a two year ban to South Australia financial adviser Kevin Lehman for unauthorised dealing in superannuation and insurance products, one month after his son Klinton Lehman received ...

Morning market wrap: Markets settle ahead of war

Shares in the US and the UK continued to push on, but the gains were much more modest in comparison to the exuberant gains recorded at the end of last week and on Monday.

Credit Suisse asset allocation outlook downgraded

Morningstar has downgraded Credit Suisse Asset Management’s (‘CSAM’) allocation from ‘very positive’ to ‘neutral’ following the forthcoming retirement of Lindsay Gibson...

National shares surge on ex-Barclays appointment

National Australia Bank (NAB) has appointed former Barclays deputy chief executive John Stewart as managing director and chief executive officer of its European business, prompting a surge on NAB prices as investors speculated that Stewart’s arrival ...