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Superannuation

SFE profits surge, special dividend declared

The Sydney Future Exchange on Wednesday released its financial results for the half year-ending 30 June 2004, revealing a 46% jump in net profit from the previous corresponding half year to $26.9 million.

MIG eyes further acquisitions as it drives value from portfolio

AAP  |  THURSDAY, 26 AUG 2004
Macquarie Infrastructure Group said today that it was looking for additional road assets and would also focus on driving value from its existing portfolio.

Perpetual results drive shares to new highs

AAP  |  WEDNESDAY, 25 AUG 2004
Fund manager Perpetual Trustees Australia shares hit new highs on Tuesday after it rewarded shareholders with a special dividend and forecast double digit operating earnings growth.

ASIC flexes civil powers

The Australian Securities and Investments Commission (ASIC) has for the first time filed civil proceedings alleging insider trading against John Petsa and March Milot.

Profits surge as Perpetual outlines strategic shift

Announcing a 29% jump in net operating profit, Perpetual has also unveiled a new business strategy for the group focusing on developing a more balanced portfolio and creating new sources of growth.

ASIC files proceedings against former ANZ bank employee, client

Australia\'s corporate regulator today said it had filed proceedings against a former ANZ bank employee and his client, on allegations that they engaged in insider trading in January 2003.

Net earnings 85% ahead of prospectus; IOOF

Financial services group IOOF on Monday announced net earnings 85% ahead of its prospectus forecast in the group's first year as a listed company reporting $41.6 million for the 12 months to 30 June.

NAB to amalgamate domestic ops into one new division: report

AAP  |  MONDAY, 23 AUG 2004
National Australia Bank will move its core domestic operations into one Financial Services Australia division, to be headed by new executive Ahmed Fahour, a newspaper reported today

ASIC places permanent ban on Rivkin

Rene Rivkin has been permanently banned from providing any financial services by the Australian Securities and Investments Commission (ASIC).

Zurich Financial says first-half net profit up 93%

AAP  |  FRIDAY, 20 AUG 2004
Swiss insurance giant Zurich Financial Services today reported a first-half net profit of $US1.5 billion ($A2.1 billion), up 93% from $US752 million ($A1.05 billion) in the same period last year, and roughly in line with analysts\' expectations.