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Superannuation

Business expectations deteriorating: ACCI/Westpac

AAP  |  TUESDAY, 2 DEC 2003
The economy continued to steam ahead in the December quarter, a new survey showed today, but expectations for the next quarter have deteriorated.

ANZ completes $3.6 billion rights issue

ANZ today confirmed it had completed its $3.6 billion Renounceable Rights Issue following an overnight book build to sell a residual of approximately 15 million non-subscribed rights. The book build placed the rights of eligible shareholders who chose ...

Telstra to launch savings product and become a public offer fund

In an exclusive to the Financial Standard, the 73,000-member Telstra Super has announced the launching of a savings product today and is also considering becoming a public offer fund.

ING property trust transforms itself into 3rd largest on NZE

ING Property Trust has transformed itself into the third largest property trust on the New Zealand stock exchange by formalising a deal to buy $282.7 million worth of land and buildings.

HHG CEO sees good investor interest in raising

AAP  |  FRIDAY, 28 NOV 2003
The chief executive officer of AMP Ltd's UK-based operations said today he expects good investor demand in a proposed $246 million capital raising when the demerged company lists on the Australian and London stock exchanges on December 23.

AMP to brief analysts today on HHG

AAP  |  FRIDAY, 28 NOV 2003
Financial services group AMP Ltd will brief analysts this morning on the planned listing of its British business HHG plc.

NAB boss says UK operations in good shape

AAP  |  FRIDAY, 28 NOV 2003
National Australia Bank Ltd chief executive Frank Cicutto has defended the bank's United Kingdom operations, saying they are still well positioned for growth.

ACCC to discontinue Qantas airlines matter

The Australian Competition and Consumer Commission (ACCC) and Qantas Airways Ltd have resolved Federal Court litigation concerning allegations that Qantas misused its market power on the Brisbane-Adelaide route after Virgin Blue Airlines Pty Ltd's entry ...

ANZ raises $3.4 billion in rights issue, bookbuild for shortfall

AAP  |  THURSDAY, 27 NOV 2003
ANZ Banking Group Ltd said today its rights issue to help fund the acquisition of National Bank of New Zealand raised $3.4 billion.

ACCC plans to approve mortgage industry rules

AAP  |  THURSDAY, 27 NOV 2003
The Australian Competition and Consumer Commission (ACCC) yesterday said it planned to approve the Mortgage Industry Association's (MIAA) new disciplinary rules.