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Superannuation

Air NZ to announce NZCC appeal intention next week

Air New Zealand will announce next week if it will appeal the New Zealand Commerce Commission (NZCC) decision to block the airline's $NZ550 million ($A500 million) tie-up with Qantas.

ANZ boss takes pay cut

AAP  |  FRIDAY, 14 NOV 2003
ANZ Banking Group Ltd chief executive John McFarlane took a $400,000 pay cut for 2002/03, a move which the bank said reflected the performance of ANZ over the past 12 months.

Coles Myer reports 11.9% rise in first quarter sales

Coles Myer Ltd (CML) today announced first quarter sales of $7.1 billion, and increase of 11.9 per cent for the 13 weeks ended 26 October 2003.

Afternoon market wrap: Australian shares close firmer

WITH AAP  |  THURSDAY, 13 NOV 2003
The Australian share market closed firmer today supported by strong resources and banking sectors...

Macquarie Bank says H2 significantly up on prior H2

AAP  |  THURSDAY, 13 NOV 2003
Macquarie Bank today reported a $242 million net profit for the half year to September 2003, up 32 per cent on the previous corresponding period.

Aurora launched new distribution business

Aurora Funds Management has today announced that it had established its first subsidiary business - Aurora Distribution aimed at assisting Australian wholesale fund managers and investment product manufacturers to develop their own retail distribution ...

Platforms continue strong growth in third quarter: Assirt

Inflows into investment platforms continued to strengthen in the September quarter, and the major banks are increasingly grabbing the lion's share of new money, according to preliminary data released by research house Assirt.

Lend Lease at ease with market forecasts on 2004 profit

Construction and real estate group Lend Lease Corporation Ltd said today it was comfortable with market consensus forecasts of $230 million in post-tax operating profit for 2004.

Afternoon market wrap: Australian stocks edge higher

The Australian share market closed slightly higher today due to a strong performance in the banking sector...

Surveys show growth funds up again in October

Growth funds enjoyed another good month in October, according to two surveys released in the past week.