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General

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).

Afternoon market wrap: Banks suffer as All Ords falls

Australia’s banks were among the big casualties as the All Ordinaries index retreated by 13.80 points by the close of trade.

Investors shy away from risk as losses kick in: AIM

Increasingly demanding investors are showing greater reluctance to risk and are actively seeking out ‘alternative’ investments to stem the losses from two miserable years on equity markets, according to Mark Beveridge of boutique manager Australian ...

BT Wrap extended to Westpac Planners

The integration of BT Financial Group into Westpac took another huge step forward today with the official launch of the BT’s Wrap platform to 670 Westpac Financial Planners throughout Australia.