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

Superannuation

AMP incurs $3.6 billion writedown on HHG demerger

AAP  |  MONDAY, 16 FEB 2004
Financial services group AMP Ltd incurred a $3.6 billion writedown on its HHG demerger.

CPA Australia welcomes FSRA allowances

Accounting body CPA Australia has welcomed an announcement from Treasurer Peter Costello that accountants will be allowed to provide some advice to clients on self-managed superannuation under the Financial Services Reform Act (FSRA).

Watchdog takes action over super scheme fraud

A Brisbane businessman has consented in the Federal Court to permanent injunctions relating to his involvement in a scheme that promoted the illegal and early release of superannuation benefits.

Unilever switches strategy as FitzGerald goes

Anglo-Dutch giant Unilever switched its focus to boosting shareholder returns on Thursday after failing to meet sales growth targets, lifting its stock, and said Chairman Niall FitzGerald would retire early.

January sees rise in job ads: ANZ

Job advertisements in major metropolitan newspapers rose by 2.3%, seasonally adjusted, in January, to an average of 20,783 per week according to the latest survey by the ANZ bank.

Q1 profit in line with budget: Tower

Financial services group Tower Ltd today said its first quarter result was in line with budget and its Australian operation had returned to profitability.

Telstra says FY04 revenue growth to exceed cost

Australia's largest telecommunications company Telstra Corp Ltd said today that it had reiterated its full year earnings guidance, saying that any cost growth would be less than revenue growth.

CBA launches $450-550 mln share buyback

Commonwealth Bank of Australia (CBA) today said it will buy back between $450 million and $550 million of its shares off-market.

AIF to maintain dividends, after reporting $11.2 million net profit

Australian Infrastructure Fund (AIF) said today it would continue to sustain dividends, forecasting a 5.5 cents distribution for the second half of 2003/04, similar to the first half.

Australian Agricultural Co reports net loss

Australian Agricultural Co Ltd today booked a net loss for the first half of the current financial year, with costs associated with the drought and with an acquisition attempt weighing on its earnings.