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

General

Afternoon market wrap: All Ordinaries at 42-month low

The All Ordinaries index lost over 2% in trading today, falling to a 42-month low, reflecting the trend started overnight in all the major international markets.

Wallis resigns from AMP as Batchelor payout row rumbles on

Paul Cully AMP chairman Stan Wallis has brought forward his resignation by five months, sparking a major structural rethink of the AMP board, the troubled financial services group said today. Media speculation had forced AMP to release a statement yesterday ...

Macquarie's Canadian highway project in $99.10 million loss

The Macquarie Infrastructure Group (MIG)-backed Canadian highway project, 407 International, suffered a net loss of $99.10 million for the year ended December 31 2002, it announced today.

Macquarie and van Eyk launch multi-manager funds series

Macquarie Funds Management and van Eyk Research have teamed-up to launch the Van Eyk Blueprint series of funds.

Midday market wrap: All Ords down 2%

The All Ordinaries lost over 2% in trading today and reflected the general trend of stocks in all the major international shares markets.

Morning market wrap: All Ordinaries flat in early trade

The All Ordinaries index moved sideways in early trade as shares in the US ended their mini-rally, falling back 159.87 points to finish at 7858.24 as the US moved closer to presenting a fresh resolution to the UN, bringing the likelihood of war closer.

Aus equities managers struggle to beat benchmark as shares fall

The above-index value offered by Australian equities fund managers during the past 12 months has decreased in comparison to longer-term performance, according to research released today by Rainmaker Information.

New industry body for self managed funds sector

A new industry body, aimed at raising industry standards in the $100 billion self managed super fund (SMSF) industry is to be established.

Southcorp suffers 12-month hangover as profits plummet 97.3%

Winemaker Southcorp’s profits tumbled by 97.3% to $5.7 million for the half-year ending December 31 2002, the company announced today.

Financial services bodies hail FSRA tax relief roll-over

The Investment and Financial Services Association (IFSA) and the National Insurance Brokers Association (NIBA) have warmly welcomed the Government’s move to roll-over capital gains tax (CGT) relief to the new Financial Services Reform Act (FSRA) licensing ...