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Superannuation

Macquarie Airports investors finally in the black

AAP  |  FRIDAY, 11 JUN 2004
Investors who bought into Sydney Airport owner Macquarie Airports (MAp) two years ago are finally in the money, after the stock closed above its issue price for the first time on Thursday.

ASIC to crack down on soft dollar benefits

The Australian Securities and Investments Commission (ASIC) today released a research report on soft dollar benefits in the financial planning industry revealing a wide range of benefits other than standard commission payments being made.

ASIC obtains orders against Vanuatu financial website companies

AAP  |  THURSDAY, 10 JUN 2004
Four Vanuatu-based financial services websites have been banned from operating in Australia and their directors ordered to hand over their passports in the lead up to a Federal Court hearing later this month.

Macquarie Infrastructure unit files $US355.9 mln IPO

AAP  |  TUESDAY, 8 JUN 2004
Macquarie Infrastructure Assets Trust filed with the US Securities and Exchange Commission today for an initial public offering of as much as $US355.9 million ($A510.95 million) in shares.

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.