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Superannuation

Survey reveals 90% rise in small and medium cap resource companies

Australia's small and medium-cap resources companies have risen more than 90 per cent during the year, stockbroking firm Intersuisse said today.

Macquarie Bank cuts commitment to MEAP fund

AAP  |  THURSDAY, 18 DEC 2003
Macquarie Bank Ltd today said it was cutting its investment in its Canadian infrastructure fund, as the fund secured another $C100 million from the Canada Pension Plan Investment Board.

New AMP shares slump by more than $1.00 in early trade

AMP Ltd's new shares slumped by more than $1.00 in early trade today as the group began its life free of its ailing British businesses.

ASIC releases SRI guidelines to facilitate product disclosure

The Australian Securities and Investments Commission (ASIC) has released guidelines for the inclusion of information relating to labour standards, and environmental and ethical factors in the product disclosure statements (PDSs) of investment products.

AMP bookbuild delivers stock as low as $4.30 for some

AMP Ltd has announced details of the institutional bookbuild held as part of its Rights Offer, revealing that bookbuild participants have been allocated shares at as low as $4.30. As of close yesterday AMP traded at $5.77.

Former HIH executive pleads guilty to criminal charges

William Howard, a former senior executive of the collapsed HIH Insurance group has today pleaded guilty to two counts of criminal misconduct, brought to the Court by the Australian Securities and Investments Commission (ASIC).

Calpers files suit against NYSE for fraud

Calpers, the biggest US public pension plan, has filed suit against the New York Stock Exchange (NYSE) and seven specialist trading firms for fraud, it has announced.

Granite Three Pillars announces no extension to capital raising

The directors of Granite Three Pillars confirmed today that their capital raising would not be extended beyond the current prospectus. This implies that the capital raising of $100 million will not be increased, as has been the case with many of the ...

AMP to offer $585 million shortfall from rights issue

AAP  |  TUESDAY, 16 DEC 2003
Financial services group AMP Ltd said today it had received acceptances under its rights offer of $A600 million, leaving a shortfall of $585 million.

Macquarie Bank to purchase US energy assets for $182 million

Macquarie Bank today announced it has entered into an agreement to purchase ExelonThermal Technologies, a subsidiary of Exelon Corporation, for $US135 ($A182) million.