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Superannuation

Telstra plans special dividend, share buyback

AAP  |  THURSDAY, 12 AUG 2004
Australia\'s largest telecommunications company, Telstra Corp, has delivered a 20% rise in net profit for 2003/04 and unveiled plans for a special dividend in the first half of the current year.

Senate backs motion on James Hardie boycott

AAP  |  THURSDAY, 12 AUG 2004
The Senate today backed a motion calling for a boycott of James Hardie products until the company\'s asbestos victim compensation liabilities were met.

CBA delivers bumper annual profit

AAP  |  THURSDAY, 12 AUG 2004
Australia\'s second biggest bank, Commonwealth Bank of Australia, on Wednesday delivered a bumper profit and record dividends for 2003/04, and forecast its growth should exceed industry rates out to 2006.

CBA outlook very promising: Murray

AAP  |  WEDNESDAY, 11 AUG 2004
Commonwealth Bank of Australia chief executive David Murray said outlook for Australia\'s second biggest bank was very promising and it expected more than 10% cash earnings per share growth up to the end of 2005/06.

NZX gets into exchange-traded funds

AAP  |  TUESDAY, 10 AUG 2004
New Zealand Exchange today said it was taking over an existing exchange-traded funds (EFTs) and launching a new one.

AXA parent may have to pay more for Aust subsidiary - analyst

AAP  |  TUESDAY, 10 AUG 2004
The takeover offer by French insurer AXA SA for its Australian subsidiary will need to be ratcheted up if it is to be accepted by independent directors and shareholders, one broking house said on Monday.

Bendigo Bank lifts profit in 2003/04 and targets further growth

AAP  |  MONDAY, 9 AUG 2004
Bendigo Bank today posted a 35.3% increase in 2003/04 net profit and is targeting 15% - 18% growth in normalised earnings in 2004/05.

Third time lucky as Lend Lease, GPT agree on merger

AAP  |  MONDAY, 9 AUG 2004
General Property Trust and Lend Lease Corporation on Friday agreed on a planned merger after the trust\'s external manager addressed sticking points which had left the deal in limbo for almost two weeks.

Heritage Building Society to remain as mutual

AAP  |  FRIDAY, 6 AUG 2004
Toowoomba-based The Heritage Building Society plans to remain a mutual society after announcing on Thursday record earnings for 2003/04.

Speculation NAB could sell Irish banks after board meeting

AAP  |  THURSDAY, 5 AUG 2004
As the board of embattled National Australia Bank meets today to review the bank\'s operations, its title as Australia\'s biggest bank is looking more tenuous.