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Superannuation

QBE buys out ING stake in QBE Mercantile Mutual JV for $740 mln

Australia's QBE Insurance Group said today that it had agreed to purchase ING's 50% stake in the QBE Mercantile Mutual joint venture.

DB Capital Partners invests $685,000 in g2 Microsystems

DB Capital Partners said today it had invested $685,000 in Australian start-up company g2 Microsystems.

Coles Myer says not looking at Foodland

Coles Myer chief executive John Fletcher said today an acquisition of Foodland Associated is not being considered.

ANZ receives RBNZ agreement for amalgamation

ANZ announced on Wednesday it had received written advice from the Reserve Bank of New Zealand confirming its forthcoming consent for legal amalgamation of ANZ New Zealand and The National Bank of New Zealand (NBNZ).

ACCC tells Boral to abandon Adelaide Brighton takeover

The consumer watchdog on Wednesday told building company Boral to abandon plans to take over cement and lime producer Adelaide Brighton or face legal action.

NAB shares tumble more than 1.5% after H1 profit slide

Shares in National Australia Bank fell more than 1.5%, after the bank reported a higher first half net profit but disappointed investors with its earnings outlook.

Mariner announces close of first property trust

Financial services newcomer Mariner Financial on Tuesday announced the close of its first property trust with $15 million in subscriptions from retail investors.

NAB to outline plans for $2 billion debt

National Australia Bank will reportedly outline plans to raise $2 billion in debt and restructure its dividend reinvestment plan, as it announces half yearly profits today.

Servcorp upgrades profit forecast by 35%

Serviced office provider Servcorp today said its full-year pretax profit was expected to be 35% greater than its previous guidance.

Rentenbank prices $150 mln increase to June 2011 issue

Landwirtschaftliche Rentenbank, Germany's agency for agriculture, has today priced a $A150 million increase to its existing June 2011 Kangaroo bond issue.