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Superannuation

David Jones says Q2 sales up 3.3%

Australian upmarket retailer David Jones Ltd said today that it is on track to meet its 2003/04 sales growth forecast of 1.5-25 per cent after second quarter sales rose by 3.3 per cent.

St George announces Crusade Trust No. 1 program

St George Bank Ltd today announces the start of a marketing campaign for a proposed global mortgage backed securities issue under the Crusade securitisation program.

New NAB boss has own suspicions about rogue trading scandal

New National Australia Bank Ltd boss John Stewart today said investigations into the bank's foreign exchange trading scandal would likely find "people who were asleep on watch".

Macquarie Bank benefits with volume lift from NAB scandal

AAP  |  FRIDAY, 6 FEB 2004
Macquarie Bank is benefitting from a lift in volume in foreign exchange trading after the rogue dealing scandal that rocked National Australia Bank

Lend Lease agrees to management buyout of advisory business

AAP  |  FRIDAY, 6 FEB 2004
Lend Lease Corp Ltd said today it had agreed to a management buyout of its advisory business servicing the Lend Lease Global Properties fund.

AMP shares surge on speculation of takeover interest

AAP  |  FRIDAY, 6 FEB 2004
Shares in financial services giant AMP Ltd and HHG plc surged this morning as some investors believed the stocks were undervalued and on the back of speculation of more takeover interest in AMP.

Stockland interim profit down, but hopes for further growth

AAP  |  FRIDAY, 6 FEB 2004
Property trust Stockland Trust Group said the successful integration of the AMP Diversified Property Trust has given it a good platform for further growth

Total super assets increase 3.2%: APRA

Total superannuation assets in Australia increased 3.2% for the September quarter, with total assets now standing at $548.5 billion.

LPTs to benefit from strong retail sales

AAP  |  THURSDAY, 5 FEB 2004
Analysts expect that a surge in retail sales figures for 2003 will have boosted the incomes of listed property trusts this reporting season.

Macquarie Bank considers buying ING Asia businesses

AAP  |  THURSDAY, 5 FEB 2004
Macquarie Bank has entered into exclusive due diligence with ING Group with a view to buying ING's Asian equity sales, trading, research and Equity Capital Markets businesses.