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Superannuation

Acquisitions the key to outperforming - BCG

Companies that steadily acquire other businesses over the long term outperform those firms that make no acquisitions, a new study has found.

Perpetual Trustess says FY net profit up at least 25%

Perpetual Trustees Australia said today its net profit for 2003/04 will be up by at least 25% over last year's result of $68.2 million.

New AMP fund puts small scale investors into China

Small investors in Australia will have the chance to take a gamble on China's boom economy for a minimum of $5,000 when a new unit trust is launched on Monday.

Challenger looks to sell down foreign property portfolio

The Kerry Packer-backed Challenger Financial Services Group is considering the sale of some of its properties in the United Kingdom and Texas.

AMP office trust reports $26.3m profit

The strong commercial property market for the past two years has allowed property fund AMP New Zealand Office Trust to report a tax-paid profit of $26.3 million for the nine months to March, executive manager Robert Lang says.

Bush renominates Alan Greenspan as Fed chairman

President George W Bush renominated Alan Greenspan as chairman of the Federal Reserve overnight, praising his leadership and sending a strong signal of stability to financial markets.

Plan for trans-Tasman mutual recognition of securities

AAP  |  TUESDAY, 18 MAY 2004
The Australian and New Zealand financial systems will take another step closer under a plan for trans-Tasman mutual recognition of securities.

CBA exits Bank of Queensland stake

Commonwealth Bank of Australia (CBA) has sold its 12% stake in Bank of Queensland Ltd (BoQ), removing the biggest potential suitor from the Queensland institution's register.

MIG in arbitration on Canadian toll road spat

Macquarie Infrastructure Group is to pursue a private resolution to its long-running dispute in Canada with the Ontario government over a toll increase on its 407ETR toll road.

Macquarie Airports: Sydney Airport traffic up 17.6% in April

Macquarie Airports said today traffic at Sydney airport rose 17.6% in April, compared to the previous corresponding period.