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Superannuation

Lend Lease to merge with GPT

AAP  |  TUESDAY, 25 MAY 2004
Property developer Lend Lease on Monday announced plans to merge with General Property Trust (GPT) to form a $10 billion property group.

Lend Lease and GPT expected to announced merger plan

AAP  |  MONDAY, 24 MAY 2004
Property developer Lend Lease is expected to announce today a plan to merge with General Property Trust (GPT) to form a $10 billion property group.

NAB to sell AXA commercial insurance products to UK customers

AAP  |  MONDAY, 24 MAY 2004
National Australia Bank today said it will sell AXA commercial insurance products to customers of its three United Kingdom banks, under a new strategic alliance.

Ramsay buys Benchmark Healthcare for $125mln

AAP  |  MONDAY, 24 MAY 2004
Ramsay Health Care said today that it had acquired 10 hospitals in Victoria and South Australia after agreeing to acquire all the shares in Benchmark Healthcare group for $125 million.

Zurich sells Singapore insurance business to QBE

AAP  |  MONDAY, 24 MAY 2004
The Swiss insurance group Zurich Financial Services said on Friday that it had agreed to sell its Singapore subsidiary to Australia's QBE Insurance.

S&P places ING ratings under review

AAP  |  FRIDAY, 21 MAY 2004
Standard & Poor's announced today that its ratings on ING's Australian Equities funds have been placed under review.

Deutsche Asset Management and Tricom join forces

Deutsche Asset Management and Tricom have joined forces for the first timeto expand Australia's margin lending arena beyond equities investing, andinto fund of hedge funds.

Optus announces $226.8 million takeover bid for Uecomm

AAP  |  FRIDAY, 21 MAY 2004
Singapore Telecommunications subsidiary Optus today announced it had made a 40 cents per share offer to acquire all of Uecomm's non-Alinta held shares.

Lend Lease, General Property Trust in trading halt

AAP  |  FRIDAY, 21 MAY 2004
Property groups Lend Lease Corporation and General Property Trust both requested trading halts in their securities last night ahead of an announcement concerning their "future relationship".

Aust banks reap $9 billion from fees

AAP  |  FRIDAY, 21 MAY 2004
Australian families are paying around $400 a year each in bank fees, a new study has shown.