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Superannuation

Lend Lease announces 10 yr Surfers Paradise development

AAP  |  WEDNESDAY, 23 JUN 2004
Lend Lease on Tuesday announced a 10-year plan to develop a $1 billion residential and entertainment precinct in Queensland's Surfers Paradise, in conjunction with Japanese apartment builder Daikyo.

S&P affirms Tower ratings, upgrades outlook.

Ratings agency Standard & Poor's (S&P) have upgraded its outlook guidance on all rated Tower entities to stable from negative, S&P said today.

CBA staff one step closer to striking after payrise deadlock

AAP  |  TUESDAY, 22 JUN 2004
Commonwealth Bank of Australia (CBA) staff are one step closer to striking, after the bank today refused to budge on the size of its next payrise.

Westfield investors expected to approve merger

AAP  |  TUESDAY, 22 JUN 2004
Investors in shopping centre giant Westfield are expected to vote a resounding yes to Frank Lowy's $27 billion merger plan when they meet in Sydney on Friday.

Macquarie Airports in consortium for stake in Brussels airport

AAP  |  MONDAY, 21 JUN 2004
Macquarie Airports (MAp) today said it was part of a consortium that had lodged a non-binding bid to acquire a majority stake in Brussels Zaventem Airport.

ACCC says wording of Act makes prosecution difficult

AAP  |  MONDAY, 21 JUN 2004
Australia's consumer watchdog said a poorly worded section of the Trade Practices Act was making it difficult to successfully prosecute big businesses for misuse of market power.

Homeloans to purchase company authorised as a responsible entity

AAP  |  MONDAY, 21 JUN 2004
Homeloans on Friday announced it had entered into an agreement to purchase a company that would allow it to establish a mortgage trust.

PM Capital says will not sell Burswood at $1.40 a share

AAP  |  MONDAY, 21 JUN 2004
Specialist equity manager PM Capital reiterated on Friday its intention not to accept Publishing & Broadcasting's (PBL) $1.40 a share offer for Burswood.

S&P to monitor APRA probe into Zurich

AAP  |  THURSDAY, 17 JUN 2004
Ratings agency Standard & Poor's said today it was monitoring the Australian Prudential Regulation Authority's (APRA) formal review of certain past reinsurance arrangements made by Zurich Australian Insurance.

Macquarie Airports stock scales heights on traffic surge

AAP  |  THURSDAY, 17 JUN 2004
Macquarie Airports securities continued to scale record heights in early trade today, after the owner of Sydney and Rome Airports reported a strong rebound in traffic in May.