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Superannuation

Advance Asset announces investment product upgrade, new alliances

AAP  |  WEDNESDAY, 28 APR 2004
St George Group's specialist funds management arm, Advance Asset Management Ltd, has announced a major retail and wholesale product upgrade and two new strategic alliances.

Voters cool on Latham and tax cuts, poll finds

AAP  |  WEDNESDAY, 28 APR 2004
Voter support for Opposition Leader Mark Latham and Labor has slipped, but Australians are also cool on large tax cuts tipped for next month's budget, a new poll shows.

PBL announces takeover offer for Burswood Casino

AAP  |  WEDNESDAY, 28 APR 2004
Kerry Packer's Publishing and Broadcasting Ltd (PBL) last night made a takeover move on Burswood Ltd, seven months after becoming the largest stakeholder in the operator of Perth's casino and hotel complex.

ANZ posts record $1.4 billion first half profit

AAP  |  TUESDAY, 27 APR 2004
ANZ Banking Group Ltd today posted a record first half net profit of $1.396 billion and said the integration of the National Bank of New Zealand was on track.

News Corp placed on review by Moody's for possible ratings upgrade

Moody's Investors Service has placed News Corporation's ratings on review for a possible upgrade.

TXU to sell Australian energy operations, pipeline unit for $3.41 billion

TXU Corp. has agreed to sell a gas pipeline unit and its Australian energy operations for US$2.5 billion ($3.41 billion) in a bid to slash debt and return to its roots as a Texas power company, it said on Monday.

Credit Suisse, Morgan Stanley to lead Google IPO, WSJ says

Internet powerhouse Google has selected Credit Suisse First Boston and Morgan Stanley to lead a much-anticipated initial public share offering likely to be announced this week, the Wall Street Journal reported Monday.

Lend Lease eyes GPT for merger

AAP  |  MONDAY, 26 APR 2004
Lend Lease Corp is reportedly believed to be considering a merger with its listed General Property Trust to form a group worth about $11 billion.

ANZ heading for another interim record profit

ANZ Banking Group is heading for a half year earnings record when it reports its results next week with analysts expecting the bank to deliver double digit cash earnings per share growth.

Walter says NAB boardroom row needs cautious, mature approach

AAP  |  THURSDAY, 22 APR 2004
Rebel National Australia Bank Ltd director Cathy Walter today made her first public statement since the issuing of a "her or us" sacking ultimatum by her fellow board members.