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Superannuation

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

Reinsurance Australia to apply for general insurance licence H2

AAP  |  MONDAY, 31 MAY 2004
Reinsurance Australia Corporation (Re AC) will apply for a new general insurance licence in the second half of 2004, chairman Richard Hill told shareholders today.

Adelaide Bank launches $800 mln Lo Doc securitisation issue

AAP  |  MONDAY, 31 MAY 2004
Adelaide Bank today announced the launch of its inaugural 100% Lo Doc residential mortgage lending securitisation transaction, its ninth domestic issue under the TORRENS program.

Valad acquires ICA Property Group

Valad Property Group on Thursday announced its acquisition of Sydney property management fund managers ICA Property Group (ICA) for $28 million and an additional $7 million of co-investments in funds.

AMP property trust acquires Wellington buildings

Two of Wellington's best known office buildings have been bought by an AMP commercial property trust in a $146 million deal

Fitch ups News Corp rating to BBB from BBB-minus

AAP  |  FRIDAY, 28 MAY 2004
Fitch Ratings upgraded the senior unsecured debt rating for News Corp and its wholly-owned subsidiaries, News America Incorporated ("NAI") and News Corporation Finance Trust II ("Trust") to 'BBB' from 'BBB-minus'.

Burswood directors reject PBL takeover offer

AAP  |  THURSDAY, 27 MAY 2004
Perth casino operator Burswood said today that the directors recommend rejecting the $1.40 per share takeover offer from Publishing and Broadcasting.