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General

Midday market wrap: AMP drops $0.20 to $6.31

The All Ordinaries gained marginally in trading this morning, following the trend set on Wall Street on Friday.

BlackRock wins $330 million UniSuper fixed income mandate

UniSuper has appointed BlackRock Financial Management to manage a $330 million active global credit portfolio of corporate debt and asset/mortgage backed securities, it announced today.

Perpetual loses $1.1 billion of worth of funds in February

Perpetual Investments today reported a $1.1 billion outflow in funds under management (FUM) in February, down to $16.4 billion on February 28 from $17.5 million on January 31.

Economist says current account deficit figures are "disturbing"

A leading Sydney-based economist said today that the current account deficit figures released earlier this week are “disturbing.”

Deakin announces half year loss of $776,403

Deakin Financial Services today announced a half year loss of $776,403 for the six months ending December 31, but said it was on track to meet its ambitious expansion plans.

APRA and what it means in 2003: Littrell speaks out

Charles Littrell, executive general manager policy research consulting for the Australian Prudential Regulation Authority (APRA), has outlined the regulator’s role in the post-HIH financial landscape as it tries to find a balance between effective ...

Morningstar puts Maple-Brown Abbott on notice

Morningstar today reaffirmed its five star rating for Maple-Brown Abbott’s (MBA) Australian equities management, but warned that it would be closely monitoring the manager for any deterioration in performance in the wake of Robert Maple-Brown’s decision ...

Afternoon market wrap: All Ordinaries continues downward trend

The All Ordinaries lost more ground in trading today as it hit its lowest value since 1999, with almost 1.2% of its value being wiped out.

Telstra chief brands AFR article claims "misleading"

Telstra chief executive officer Ziggy Switkowski today said that claims made in an article published in the Australian Financial Review, claiming that a shareholder supported proposal from its Hong Kong venture Reach with its banking syndicate, was “misleading ...

APRA suspends Host-Plus superannuation trustee for 120 days

The Australian Prudential Regulation Authority (APRA) today suspended Host-Plus Ltd from acting as a trustee of the Host-Plus superannuation fund for 120 days