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Superannuation

AMP financial services business reports strong cash flows

AAP  |  THURSDAY, 6 MAY 2004
AMP is continuing to benefit from the demerger of HHG, with its financial services business reporting net cash flows of $88 million in the first three months of 2004.

MGP, MGI agree to buy Auckland office, industrial park

Macquarie Goodman Property Trust (MGP) and Macquarie Goodman Industrial Trust (MGI) have conditionally agreed to buy an office and industrial park in Auckland for $72 million.

Biota to sue GlaxoSmithKline over Relenza flu drug

AAP  |  WEDNESDAY, 5 MAY 2004
Biotech Biota Holdings is suing global pharmaceutical giant GlaxoSmithKline, alleging that GSK failed to support and promote Biota's flu drug, Relenza.

GPT says remains on track to deliver targeted growth for 04

AAP  |  WEDNESDAY, 5 MAY 2004
General Property Trust said it remains on track to deliver on the trust's targeted growth for 2004. It said that each of the property portfolios is well positioned to ensure growth is maximised over the longer term.

Trade deficit rises to almost $2 billion in March - ABS

AAP  |  TUESDAY, 4 MAY 2004
Australia's trade gap with the rest of the world widened in March after a weaker-than-expected rise in exports.

St George Bank raises full year earnings forecasts

AAP  |  TUESDAY, 4 MAY 2004
St George Bank Ltd said today it was raising its earnings per share growth forecast to 11%-13% for the 2004 financial year.

Westfield locks in $140 million worth of interest savings

AAP  |  FRIDAY, 30 APR 2004
Westfield Holdings Ltd today announced it had completed option contracts which would underpin the $140 million in interest savings it expects to gain under a merger of the three Westfield entities.

Tab profit upgrade values company above Tabcorp offer

AAP  |  FRIDAY, 30 APR 2004
Tab yesterday signalled it was worth more than the $2 billion offered by Victoria's Tabcorp Holdings by upgrading its profit forecast for the financial year.

No plans to merge with Lend Lease, says General Property chairman

AAP  |  FRIDAY, 30 APR 2004
General Property Trust chairman Richard Longes yesterday there was no proposal before the trust concerning any merger with Lend Lease.

Trust Company sees 5%-10% earnings growth for year ahead

AAP  |  FRIDAY, 30 APR 2004
Financial services provider Trust Company of Australia Ltd expects gross earnings to grow by about 5% to 10% over this financial year after reporting a 5.3% rise in net profit for the year to February 2004.