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Superannuation

There's no price war, says NAB CEO

AAP  |  THURSDAY, 19 AUG 2004
National Australia Bank chief executive John Stewart on Wednesday rejected suggestions that his bank had initiated a price war to win back customers.

Macquarie Bank takeover of RG Capital gets green light

AAP  |  THURSDAY, 19 AUG 2004
Macquarie Bank\'s $173 million bid for Reg Grundy\'s RG Capital Radio has been given the green light by the takeover target\'s shareholders.

ETrade records 700% net profit increase for 2003/04

AAP  |  THURSDAY, 19 AUG 2004
Online broker ETrade Australia today announced a preliminary unaudited net profit increase of 700% for 2003/04 backed by improved market confidence.

BHP smashes Australian corporate record with $4.9 bln profit

AAP  |  THURSDAY, 19 AUG 2004
Soaring commodity prices have pushed BHP Billiton to a record net profit for 2003/04, with the dual-listed company nearly doubling the previous year\'s result.

UK launches probe into Citigroup bond trading

AAP  |  THURSDAY, 19 AUG 2004
Britain\'s financial watchdog said on Wednesday it had launched a probe into unusual trading by U.S. financial services giant Citigroup in European government bond and derivative markets earlier this month.

Macquarie Communications on track to meet 05 dist forecast

AAP  |  WEDNESDAY, 18 AUG 2004
Macquarie Communications Infrastructure Group (MCG) said today it is on track to at least match the 28.8 cents distribution forecast in its prospectus for the 2005 financial year.

APRA disqualifies four former super trustees

The Australian Prudential Regulation Authority (APRA) on Tuesday announced the disqualification of Michael van Rens, Anthony Glass, Terrence Lawson and Damian Foley from acting as trustees, investment managers or custodians under the Superannuation Industry ...

IOOF says value of subsidiary companies doubles

AAP  |  WEDNESDAY, 18 AUG 2004
Financial services group IOOF said on Tuesday the value of its subsidiary companies has more than doubled its prospectus forecast of $15 million.

Shareholders have the power; ASIC

In a clarifying statement issued today, the Australian Securities and Investments Commission (ASIC) confirmed only shareholders of a public company have the power to remove company directors.

Private investors could be involved in Tattersal's float: report

AAP  |  TUESDAY, 17 AUG 2004
Private investors could be invited to participate in the $2 billion stock market float of Victorian gambling company Tattersall\'s, it was reported today.