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Superannuation

Analysts remain divided over CBA restructure

AAP  |  THURSDAY, 2 OCT 2003
Analysts remain divided over Commonwealth Bank of Australia Ltd's controversial customer service overhaul, with earnings upgrades - and downgrades - continuing to flow

ANZ Bank gets thumbs down from NZ customers again

Australia's ANZ Bank, which has expressed interest in buying the National Bank of New Zealand from its British parent Lloyds TSB, has been given the thumbs down by its customers for the fourth successive year, it was reported today.

Macquarie Bank buys into UK water firm for $948m

AAP  |  THURSDAY, 2 OCT 2003
Macquarie Bank Ltd today said it had acquired British water utility South East Water plc (SEW) and its affiliated businesses for about $948 million.

Norwich Union Australia to adopt global Aviva brand

Norwich Union Australia has today adopted the global Aviva brand for its business, however its Navigator business will continue to use the well-recognised Navigator brand.

NAB intends to buy back 25 million shares

AAP  |  WEDNESDAY, 1 OCT 2003
National Australia Bank Ltd said today it intended to buy back up about 25.5 million ordinary shares.

ABN Amro $1 billion MTN issue may be first of many

ABN Amro Bank's oversubscribed $1 billion medium term kangaroo bond issue is likely to be followed up with a further issue in the first half of 2004.

AMP stock jumps 30 per cent in September quarter

AAP  |  TUESDAY, 30 SEP 2003
Investors who took an optimistic view of AMP Ltd have been rewarded for now, with the stock jumping more than 30 per cent in the September quarter and outpacing much of the market.

Tower Australia closes annuities portfolio to new business

Tower Australia Limited continues to restructure, today announcing it is closing its annuity portfolio to new business.

Australian insurer AMP prefers UK demerger

AAP  |  TUESDAY, 30 SEP 2003
Australian life insurer AMP Ltd is leaning towards returning ownership of its struggling British assets to shareholders rather than selling them off, a source close to the talks told Reuters on Monday.

Local Authorities Super to be renamed Vision Super

Local Authorities Super has announced it is changing its name to Vision Super.