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Superannuation

AMP to reduce debt by $700 mln via offshore bond buy back

AAP  |  TUESDAY, 8 JUN 2004
Financial services and insurance group AMP took another step towards recapturing an A credit rating on Monday, announcing it would slash offshore debt by $700 million.

MIG denies fund float to lift Mac Bank fees

AAP  |  TUESDAY, 8 JUN 2004
Macquarie Infrastructure Group (MIG) on Monday denied it was floating its Spanish investment fund to lock in $70 million in performance fees for its manager, Macquarie Bank.

CBA staff threaten strike

AAP  |  MONDAY, 7 JUN 2004
Commonwealth Bank staff are threatening to strike, accusing management of failing to guarantee full staffing levels and bring pay levels into line with other banks.

ACCC starts legal action against Boral to prevent AdBri takeover

AAP  |  MONDAY, 7 JUN 2004
Australia's competition watchdog today said it had instituted proceedings against Boral to prevent the building products company's proposed acquisition of Adelaide Brighton.

MIG and Ferrovial to list Cintra on Spanish stock exchange

AAP  |  MONDAY, 7 JUN 2004
Macquarie Infrastructure Group (MIG) expects to get a $1.75 billion boost from a decision to sell toll road company Cintra on the Spanish stock exchange.

Chaney mooted as future NAB chair

AAP  |  MONDAY, 7 JUN 2004
Respected Wesfarmers chief executive and BHP Billiton director Michael Chaney was mooted today as a possible contender for the National Australia Bank board and maybe even the chairman's job.

Big four banks fail to dominate in business service survey

AAP  |  FRIDAY, 4 JUN 2004
Only one of Australia's big four banks made the top five in a new survey ranking banks on their relationships with big business.

Macquarie confirms it wants to take over RG Capital Radio

AAP  |  THURSDAY, 3 JUN 2004
Regional Media, a member of Macquarie Bank, today announced it wanted to acquire all the shares in RG Capital Radio in a deal worth $173 million.

Australand Property Group to raise $164 mln through offer

AAP  |  TUESDAY, 1 JUN 2004
Australand Property Group today said it was issuing more than 100,000 new stapled securities under its one for seven entitlement offer, to raise nearly $164 million.

HHG closes Towry Law to new business

UK-based HHG has announced it will cease to accept new business for its financial planning operation Towry Law International