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Superannuation

Analysts rush to upgrade AMP forecasts after guidance rise

AAP  |  WEDNESDAY, 25 FEB 2004
AMP's $100 million upgrade to its earnings guidance caught the share market on the hop yesterday, leading to a flock of estimate revisions by investment analysts.

Boral chair, NAB board member says directors can make mistakes

AAP  |  WEDNESDAY, 25 FEB 2004
Boral chairman and National Australia Bank board member Ken Moss said yesterday investors could not expect company directors to be "mistake free".

Perpetual expects organic growth expansion in 2004

AAP  |  TUESDAY, 24 FEB 2004
Perpetual Trustees Australia today said it expected to draw on its core strengths when consideration future acquisitions but would also concentrate on expansion through organic growth in FY 2004.

Bank of Queensland to raise $90 million through share issue

AAP  |  TUESDAY, 24 FEB 2004
Bank of Queensland Ltd said today it would raise $90 million via a share issue and also expects first half net profit between $26 and $28.5 million.

Macquarie Airports to buy out MAG shares

AAP  |  TUESDAY, 24 FEB 2004
Macquarie Airports has offered its securities in exchange for shares in its part-owned private fund Macquarie Airports Group, increasing its ownership of several large airports.

AXA says positioned to benefit further from strong equity market

AAP  |  TUESDAY, 24 FEB 2004
AXA Asia Pacific Holdings said today the company was positioned to continue to benefit from strong equity markets and improved economic conditions in the United States, Australasia, Hong Kong and China.

Australian United Investment reports profit jump

AAP  |  TUESDAY, 24 FEB 2004
Australian United Investment Company said dividends received through participation in share buy back schemes had contributed to a significant rise in first half net profit for 2003-2004.

IOOF CEO says group will exceed prospectus forecast

AAP  |  TUESDAY, 24 FEB 2004
Newly-listed funds manager IOOF Ltd is confident it can exceed its prospectus forecast for 2003-2004 after yesterday announcing its half year net profit more than doubled.

Rising dollar, interest rates good for Challenger profit

AAP  |  MONDAY, 23 FEB 2004
Challenger Financial Services Group Ltd said today that it was a very different company to the one that existed nine months ago after reporting a pro-forma net profit of $33 million for the first half.

AMP sees 2003 net profit in $600 to $620 million range

AAP  |  MONDAY, 23 FEB 2004
Financial services and insurance group AMP said today it was expecting its 2003 underlying business results to be considerably higher than that forecast in its explanatory memorandum for its demerger.