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General

Midday market wrap: Coles Myer gains $0.44 on profit increase

Coles Myer gained $0.44 from Friday’s close as it announced a net after tax profit of $217.90 million for the half year ended January 26, but the All Ordinaries index as a whole appeared to be taking its cue from the downward trend emerging late on ...

Midday market wrap: Coles Myer gains $0.44 on profit increase

Coles Myer gained $0.44 from Friday’s close as it announced a net after tax profit of $217.90 million for the half year ended January 26, but the All Ordinaries index as a whole appeared to be taking its cue from the downward trend emerging late on ...

Indexed funds dumped as investors seek to beat benchmark: survey

Falling equity markets have taken their toll on indexed funds, with total funds under management (FUM) dropping by 12 per cent during the December quarter, according to Rainmaker Information’s latest survey of Australian investment market.

Interest rate should remain unchanged despite pressures: ICAP

The fall in economic growth from 3.75 per cent in 2002 to 2.75% this year does not call for a major change in Reserve Bank of Australia (RBA) policy as regards interest rates, according to Ric Simes, chief economist at global intermediary brokers ICAP.

Another adviser pleads guilty to ASIC charges

Former South Australia financial adviser David Mudge has pleaded guilty to a charge of dishonestly coaxing an elderly client to transfer money into his account or those held by his own company, the Australian Securities and Investments Commission (ASIC) ...

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.

ASIC obtains permanent orders against investment directors

The Australian Securities and Investments Commission (ASIC) has obtained permanent orders in the Supreme Court of Queensland against Kevin and Kathleen Young and the four companies of which they were directors – The Investors Club, Lisson Pty Ltd ...

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.