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Superannuation

IAG posts strong increased in half year profits

AAP  |  THURSDAY, 26 FEB 2004
Insurance Australia Group posted a strong increase in profits for the half year to December 2003 on the back of resurgent equity markets and solid acquisitions.

ANZ on track for market expectations of earnings growth

AAP  |  THURSDAY, 26 FEB 2004
ANZ Banking Group said it expects to achieve market expectations for cash earnings per share growth of 9% in 2003-2004, continuing the banking sector's return to more specific profit guidance.

Promina announce $200-$300 million capital raising for growth

AAP  |  THURSDAY, 26 FEB 2004
Trans-Tasman insurer Promina Group has revealed plans to raise $250-$300 million for future growth after booking a full year net profit that topped its own prospectus forecast by more than $100 million.

ASX in strong position for full year, but warns of unpredictability

AAP  |  WEDNESDAY, 25 FEB 2004
Strong growth in trading volumes in January and February means ASX Ltd is well positioned for a strong full year results, although the company warned of the unpredictability of the market.

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.