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Superannuation

Lend Lease merger with GPT defeated

AAP  |  THURSDAY, 18 NOV 2004
A plan to create Australia's second largest list property group was in tatters today after General Property Trust (GPT) unitholders voted against a merger with Lend Lease Corp Ltd.

Tribeca keeps acquiring

Tribeca has made its third acquisition in the month of November after agreeing to purchase Monroe Topple and Associates (MTA), an organisation involved in providing educational materials and courses for the Institute of Chartered Accountants CA program.

Tower back in profit

Tower has turned its fortunes around to report a full-year profit for 2004 of NZ$54.6 million after making a loss of NZ$148.9 million in 2003.

Telstra NZ bond issue oversubscribed

AAP  |  WEDNESDAY, 17 NOV 2004
Telstra today said it had successfully completed a $NZ200 million ($A181.47 million) Kauri bond issue, made up of seven and 10-year tranches worth $NZ100 million each.

Macquarie Bank announces 17% boost in net profit

AAP  |  TUESDAY, 16 NOV 2004
Macquarie Bank Ltd today reported an interim net profit of $284 million, up 17 per cent, and said it expects to exceed last year's full year result.

HESTA gets 34 per cent growth and an excellence award

The $6 billion HESTA industry fund secured an excellence award at the recent ASFA conference for its campaign 'Rollover, you're leaking'.

New president for ICA

The Insurance Council of Australia (ICA) has elevated Insurance Australia Group CEO Michael Hawker from deputy president to president for 2005.

$750 million off market share buyback for Telstra

AAP  |  MONDAY, 15 NOV 2004
Telstra Corp Ltd today said it had completed a $750 million off market share buyback.

ASIC liquidates Australian - based Malaysian bank

He complied an additional report to the court and ASIC confirming ASIC's findings and also noting Commercial IBT had changed its name to Kantoch the day before ASIC's earlier application, proper books and records of the company were not provided to the ...

CBA first investment with Laing

Commonwealth Bank of Australia has committed to its first joint venture investment with UK based John Laing after taking a 50 per cent stake in the Newham University Hospital PFI project.