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Superannuation

Afternoon market wrap: Australian shares close at new highs

The Australian stock market bounced back into positive territory to hit a fresh 16-month high today amid a mixed performance by blue chip stocks.

Business conditions strengthen significantly: NAB survey

AAP  |  TUESDAY, 21 OCT 2003
Business conditions strengthened significantly in the September quarter, with confidence up sharply, according to the latest National Australia Bank survey.

S&P affirms ratings on CFS Gandel Retail Trust

AAP  |  TUESDAY, 21 OCT 2003
Standard & Poor's said today it has affirmed its A/A-1 long- and short-term ratings on CFS Gandel Retail Trust (GAN) and its guaranteed debt issues and programs.

NAB confirms discussions with ACCC over AMP takeover

AAP  |  TUESDAY, 21 OCT 2003
National Australia Bank Ltd has reportedly held preliminary discussions with the national competition watchdog regarding a takeover of AMP Ltd and believes it could be allowed to proceed.

Maccquarie Airports peaks on Sydney Airport earnings jump

AAP  |  TUESDAY, 21 OCT 2003
Sydney Airport has reported a dramatic rise in quarterly earnings, propelling shares in part owner Macquarie Airports (MAp) to their highest intraday levels in 16 months.

Trust Co announces $5.56 million first half net profit

AAP  |  TUESDAY, 21 OCT 2003
Trust Company of Australia Ltd said its merger with Permanent Trustees had yielded good dividends as it announced a strong interim profit result today.

CARE enters corporate arena with new product

CARE Super, the outperforming industry fund catering to office-based employees, has joined the other major not-for-profits and created its own corporate product.

Host Super changes name to Intrust

Hospitality and tourism industry fund Host Super has changed its name to Intrust Super Fund.

Perpetual profits up

AAP  |  MONDAY, 20 OCT 2003
Perpetual Trustees Australia Ltd said today that profit for the first quarter is ahead of the same period last year.

Research prompts more funds to get tough on corporate governance

There is little link between executive remuneration and company performance, according to new research released by three leading Australian superannuation funds.