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Superannuation

AMP shares soar as Mohl details demerger plan

AAP  |  MONDAY, 13 OCT 2003
Shares in AMP Ltd charged through the $7.00 barrier in early trade today as chief executive Andrew Mohl began updating analysts on details of the group's demerger plan.

AMP debt down by 2005: CEO

AAP  |  MONDAY, 13 OCT 2003
AMP's demerger and debt reduction program should see the troubled finance giant with excess cash and a possible share buy-back by the end of 2005, AMP chief executive Alan Mohl said over the weekend.

Macquarie to purchase Swedish rail link

AAP  |  MONDAY, 13 OCT 2003
Macquarie Bank has today agreed to acquire Sweden's A-Train operations for $76 million.

Small caps fire investor interest: fund managers

AAP  |  FRIDAY, 10 OCT 2003
Funds managers have noted renewed investor enthusiasm for Australia's small cap stocks, which continue to outperform the general market recovery of recent months.

No changes to LUO investment strategy: Principal

AAP  |  FRIDAY, 10 OCT 2003
Principal Real Estate Investors has moved to dispel any misconceptions that it planned to add high risk suburban United States office buildings to the Lend Lease US Office Trust (LUO) portfolio if it becomes manager.

Macquarie in $1 billion American property trust

Macquarie Bank Limited and Developers Diversified Realty Corporation (DDR) have today announced plans to jointly list a property trust in North American shopping centres, valued at US$744.5 million ($1078 million) on the Australia Stock Exchange by late ...

ANZ and Metrobank team up for credit card growth platform

Australia and New Zealand Banking Group Ltd (ANZ) and Metropolitan Bank and Trust Company (Metrobank) today announced their Joint Venture, creating a growth platform for credit cards business in the Philippines.

ARPA receives enforceable undertaking

Australian Prudential Regulation Authority (APRA), in a lengthy statement to the public regarding the AMP's demerger episode, has said as part of APRA's review of the demerger, an enforceable undertaking was received from AMP Limited.

AMP details $1.2 billion rights issue as part of demerger

AAP  |  FRIDAY, 10 OCT 2003
Troubled financial services group AMP Ltd is to undertake a $1.2 billion rights offer to redeem its reset preferred securities as part of its planned demerger.

AMP shares placed in trading halt in NZ

AAP  |  FRIDAY, 10 OCT 2003
Shares in financial services company AMP were placed in a trading halt shortly before the New Zealand Exchange opened today.