Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

General

ASIC issues updated tip sheet for below-par auditors

The Australian Securities and Investments Commission (ASIC) today announced that it has issued an updated information sheet to provide guidance for applicants wishing to register as a company auditor.

Afternoon market wrap: All Ordinaries falls, in tandem with Asia

The All Ordinaries index slipped lower today, resisting the upward trend of US and UK shares at the end of last week, as events over the weekend suggested that war with Iraq was now approaching fast.

Commercial lending finance down 15.2% for January

The latest statistics on lending finance released by the Australian Bureau of Statistics (ABS) today showed that commercial financed dived by 15.2% to $19.86 billion for January 2003, from $23.42 billion in December 2002.

Midday market wrap: All Ordinaries puts on 2%

The All Ordinaries continued the work begun by the FTSE-100 and Dow Jones, rising by 2% over the course of the day as equities benefited from a bout of global short covering and bargain hunting.

ASIC reaches agreement with former One.Tel boss

The Australian Securities and Investments Commission (ASIC) has reached a $750,000 agreement with former One.Tel director Bradley Keeling following court proceedings against him.

Challenger profits fall 67% to $35.84 million, but inflows grow

Challenger International today announced a half year profit of $35.84 million, down 67 per cent from the corresponding period last year, due in part to a $14.6 million write down of its UK operations and a more conservative estimate of futures profits ...

Morningstar gives three stars to Dimensional's MLC mandate

Morningstar has give a three star rating to Dimensional Fund Advisors’ (DFA) ‘Quantitative Value’ management of its part of MLC’s Australian equities funds.

Garrisons Accounting reports half year loss of $3.9 million

The Garrison Accounting Group today announced a $4 million write down of its business to record a half year loss of $3.9 million, due to the “mixed” performance five accounting practices.

Midday market wrap: Banks fight back

Banking and finance shares moved sharply higher during the morning on the back of strong gains on the FTSE-100 and Dow Jones indices yesterday. AMP, which has experienced something of a rollercoaster ride of late, jumped by over 10 per cent to $7.23 ...

Unemployment rate falls to 6% in February: ABS

Australia’s unemployment rate fell 0.1% from January to 6% in February, but the number of people in work has actually decreased, according to figures released today by the Australian Bureau of Statistics (ABS).