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Superannuation

Tip sheets outperform market: study

Stock trades recommended by investor newsletters tend to outperform the general stock market.

ASIC warning on Swiss offer

The Australian Securities and Investments Commission has issued a warning against replying to an unsolicited investment offer from Prime Forestry Group.

Contango LIC to focus on micro-caps

Contango Asset Management has launched what it claims is Australia's first listed investment company investing exclusively in the micro-cap sector of the Australian market.

GPT expects strong retail, industrial income growth

AAP  |  THURSDAY, 29 JAN 2004
Listed property trust General Property Trust said today it expects to experience strong growth in retail and industrial income and an improvement in office and tourism markets in 2004.

IncomePlus says volatile gold, financial markets push profit up

AAP  |  THURSDAY, 29 JAN 2004
Investment company IncomePlus said volatility in gold and financial markets had helped raise its earnings in the half year to the end of December 2003.

BOS plans roadshow for debt investors

AAP  |  WEDNESDAY, 28 JAN 2004
BOS International Australia said it would run a roadshow for local debt investors in the first quarter of 2004.

NAB sells AMP, St George shares to offset rogue trading

AAP  |  WEDNESDAY, 28 JAN 2004
National Australia Bank will sell its stakes in AMP, HHG and St George Bank for a profit of about $450 million, offsetting the $360 million loss from the rogue trading scandal.

ASIC says most roll-over funds need to improve disclosure

AAP  |  WEDNESDAY, 28 JAN 2004
A review of eligible superannuation roll-over funds has found most need to improve disclosure to members about fees and charges.

NAB says rogue trades lead to $360 million in pre-tax losses

AAP  |  TUESDAY, 27 JAN 2004
National Australia Bank today said pre-tax losses from the rogue currency trades totalled $360 million, double the amount it first indicated.

CBA launches 10-year subordinated note issue

AAP  |  TUESDAY, 27 JAN 2004
The Commonwealth Bank of Australia today launched a $500 million subordinated medium term note issue.