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Cardno makes strong debut on ASX

AAP  |  FRIDAY, 21 MAY 2004
Consulting engineer Cardno, the firm behind the Sydney Olympic Stadium's track and field design, yesterday made a strong debut on the Australian Stock Exchange.

Optus planning to buy Commander for $250 mln: report

AAP  |  FRIDAY, 21 MAY 2004
Singapore Telecommunications subsidiary Optus is upping the stakes and planning an assault on Telstra Corp by buying small business telco provider Commander Communications, according to a report in The Australian Financial Review.

AMP says positive Q1 cashflows continue into Q2

AAP  |  THURSDAY, 20 MAY 2004
Australian financial services company AMP said today that the positive cashflows it recorded in the first quarter of the year had continued into the second quarter.

Westfield Trust and Westfield America provide Q1 overview

AAP  |  THURSDAY, 20 MAY 2004
Westfield Trust today said it expected four current projects - including the $700 million Bondi shopping centre - to be completed in Australia and New Zealand by the end of calendar year 2004.

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.