Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

IAG to sell ClearView businesses to MBF

Insurance Australia Group (IAG) has announced it has agreed to sell its ClearView businesses to MBF for approximately $220 million plus up to $50 million in earn-out, subject to business performance.

Macquarie Office Trust makes first offshore investment

AAP  |  WEDNESDAY, 10 DEC 2003
Macquarie Office Trust today said it had acquired an 80 per cent interest in two United States office properties, totaling $US112.8 million.

Former director faces contempt allegations over 44-year ban

The Australian Securities and Investments Commission (ASIC) has commenced further contempt proceedings against a banned former company director, Maxwell John Reid.

AMP expected to reveal rights offer details next week

AAP  |  WEDNESDAY, 10 DEC 2003
Financial services group AMP Ltd is expected to reveal next week if its $1.2 billion rights offer suffered a shortfall.

Absolute Capital discards capital markets capability

Alternative investments manager Absolute Capital has announced the divestment of its capital markets business, after only last week announcing a strategic alliance with ABN AMRO.

AMP shareholders vote in favour of demerger proposal

AAP  |  TUESDAY, 9 DEC 2003
AMP Ltd shareholders today voted overwhelmingly in favour of the troubled financial services group spinning off its ailing British business from its Australasian operations.

NRMA welcomes ASIC enquiry into AGM complaints

NRMA Motoring & Services has welcomed the Australian Securities and Investments Commission's (ASIC) response to several complaints made in regards to the conduct of some NRMA members at the Annual General Meeting last Friday.

Perpetual Corporate Trust and Bank of New York align to service Australian market

Perpetual Corporate Trust - a division of Perpetual Trustees Australia Ltd - and The Bank of New York have announced a strategic alliance to offer integrated global corporate trust solutions to Australian debt issuers.

Melbourne director handed suspended jail sentence

STAFF WRITER  |  TUESDAY, 9 DEC 2003
A company director from Melbourne has been served a suspended sentence in the County Court to serve two and a half years jail, after earlier being found guilty on 19 counts of obtaining a financial advantage by deception.

Business conditions strong, but confidence falls: survey

AAP  |  TUESDAY, 9 DEC 2003
Business conditions continue to strengthen markedly to near record levels but expectations of more rate rises have led to a fall in confidence, a new survey has found.