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Superannuation

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.

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.