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Superannuation

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.

Fatter profits at European banks could feed takeover ambitions

AAP  |  THURSDAY, 5 AUG 2004
European banks posting strong half-year results on the back of an economic rebound could begin looking for acquisitions even though fiscal and regulatory disparities would hamper cross-border mergers.

DDF in jv agreement with Westfield

AAP  |  WEDNESDAY, 4 AUG 2004
Deutsche Diversified Trust (DDF) has entered into a sale and acquisition joint venture agreements with the Westfield Group.

Rivkin vows to fight claims heading for the federal court

AAP  |  WEDNESDAY, 4 AUG 2004
Rivkin Financial Services (RFS) on Tuesday vowed to fight allegations that some share purchases in it were in breach of insider trading provisions, should they reach the federal court.

Elders Rural Bank posts fifth straight annual profit rise

AAP  |  TUESDAY, 3 AUG 2004
The Elders Rural Bank today reported its fifth consecutive increase in annual profit as its customer base continues to expand.

Incoming NAB chairman Chaney says he wants ego-free directors

AAP  |  TUESDAY, 3 AUG 2004
National Australia Bank chairman-in-waiting Michael Chaney wants an ego-free boardroom when he takes over the troubled bank in September next year.

Labor to support FTA with US

AAP  |  TUESDAY, 3 AUG 2004
The Labor Party will support the proposed free trade agreement with the United States after a crucial caucus meeting this morning voted in favour of the deal.