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Superannuation

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.

Centro doubles in size, records 52% rise in profit

AAP  |  THURSDAY, 5 FEB 2004
Centro Properties Group expects to grow even bigger and stronger in the second half, after doubling in size in the first half and posting a 52% increase in net profit.

ING Office Fund to seek more US opportunities

AAP  |  WEDNESDAY, 4 FEB 2004
ING Office Fund today said it would continue to seek growth opportunities in the United States, after reporting a 29.1% increase in interim net profit to $44.52 million.

Peters MacGregor opens share offer with view to listing

AAP  |  WEDNESDAY, 4 FEB 2004
Boutique global equities fund manager Peters MacGregor Capital Management today opened a share offer with a view to listing on the Australian Stock Exchange in April.

NAB prompts Labor to take aim at golden handshakes

AAP  |  TUESDAY, 3 FEB 2004
Companies would lose the right to claim massive payouts to outgoing executives against tax, Labor said today, as bank boss Frank Cicutto prepared to receive a $3 million golden handshake.

Macquarie Communications signs on Southern Cross

AAP  |  TUESDAY, 3 FEB 2004
Macquarie Communications Infrastructure Group, which operates broadcast towers for the ABC and SBS, has signed a similar deal with Southern Cross Broadcasting.

Failed HIH wins court approval to recover $120 million

AAP  |  MONDAY, 2 FEB 2004
Liquidators for the failed HIH insurance group today won court approval for a deal to win back $120 million for creditors over the venture which triggered its insolvency.