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Superannuation

Macquarie Office Trust in Principal merger talks: report

AAP  |  MONDAY, 19 JUL 2004
Macquarie Office Trust is in talks with Principal America Office Trust about a $1 billion friendly merger with the US-based property trust, the Australian Financial Review reported.

AFIG plays cards close to chest on GE Money speculation

AAP  |  MONDAY, 19 JUL 2004
Australian Financial Investments Group (AFIG), the mortgage company which owns non-bank lender Wizard Home Loans, on Friday declined to comment on speculation that it is talking to a potential buyer.

ANZ staff contracts misleading, union says

AAP  |  FRIDAY, 16 JUL 2004
About 13,500 ANZ workers were being duped by unenforceable employment contracts, the Finance Sector Union said on Thursday.

NAB says cash earnings down on first half

AAP  |  WEDNESDAY, 14 JUL 2004
National Australian Bank said today its cash earnings before significant items for the six months to 30 September are expected to be 10% to 15% lower than the first half result of $1.85 billion.

CBA lures top-end cardholders with free flights

AAP  |  WEDNESDAY, 14 JUL 2004
Commonwealth Bank of Australia (CBA) is trying to lure more people to its top-end credit card by offering free business and first class flights.

Rivkin Fin Services decides against special general meeting

AAP  |  WEDNESDAY, 14 JUL 2004
Rivkin Financial Services (RFS) has announced it will not hold a special shareholder meeting requisitioned by a stakeholder who wants the company\'s board replaced.

Auditors deceived about FAI reinsurance, court told

AAP  |  TUESDAY, 13 JUL 2004
Auditors were misled about financial arrangements which helped FAI Insurance record an $8.6 million profit rather than a loss of almost $20 million, a committal hearing for three former FAI executives heard on Monday.

Bruandwo offer grossly inadequate

AAP  |  MONDAY, 12 JUL 2004
The Australian Leisure and Hospitality Group said today a takeover bid by a joint venture between Woolworths and The Bruce Mathieson Group, called Bruandwo, is opportunistic and grossly inadequate.

NECBS to float on ASX

AAP  |  MONDAY, 12 JUL 2004
Japanese technology giant NEC will float a local division on the Australian Stock Exchange within a year and seek up to $200 million from local investors, a newspaper reported.

Speculation grows NAB ready to sell UK assets

AAP  |  MONDAY, 12 JUL 2004
National Australia Bank (NAB) appears more open to selling its United Kingdom banks and could receive an offer before the end of 2004, according to a Credit Suisse First Boston (CSFB) report.