Latest Insights

Octaviar boss says accept deal or he'll liquidate

THE chief executive of embattled property group Octaviar has thrown down the gauntlet to creditors owed more than $1 billion by threatening to place the crumbling empire in liquidation if they do not support a payout of 22.5? in the dollar.
11yr ago

B&B Power sells third station to ease debt

TROUBLED energy generator Babcock & Brown Power yesterday moved a step closer to lifting the cloud of short-term debt hanging over its operations by agreeing to sell its third power station in a fortnight.
11yr ago

Institutions sink Hegarty's payout

INSTITUTIONAL shareholders have blocked a planned $10.66million "early termination" payment to Oxiana's founding managing director Owen Hegarty, the man credited with turning it from a penny dreadful in 1994 into Australia's third-biggest diversified resources group.
11yr ago

GPT's hotels portfolio on the block

GPT has moved to shore up its balance sheet with the sale of its hotels division, worth about $900 million, but analysts said this could be a tough ask, given the weak state of the local tourism market, as well as difficulties in borrowing amid the credit crisis.
11yr ago

Policy change hits health-care cards

THE negative impact of a policy change in this year's federal budget keeps broadening. From July 1 next year, tax-exempt superannuation pensions will be counted not only for the super co-contribution and Centrelink benefits, but when assessing a person's entitlement to health-care cards.
11yr ago

Super survey surprise

MOST Australians do not understand that the decline of sharemarkets could reduce their superannuation account balance, according to a new survey. A survey of 1000 people by investment firm Mercer found 72% expected their super balance to be higher on their next statement despite deepening market turmoil and fears of a banking crisis.
11yr ago

Dignity, loyalty and drama

Lindsay Thompson was a dedicated family man and a much-admired politician. His life was also prone to extraordinary outbreaks of drama, writes Victoria Peel.
11yr ago

CMC Markets Weekly Report

The Australian Stock Market suffered another losing week, with the S&P/ASX 200 giving up 139.5 points to close the week at 4840.4. The market has now ended in the red for nine consecutive weeks. The Dow Jones Index rose more than 200 points on Thursday night despite the fact that Merrills, Microsoft and Google all released forecasts that fell short of analyst's targets. Citigroup reported a smaller than expected second-quarter loss on Friday, helping the Dow Jones to rise nearly 50 points. Softer Commodity Prices helped push Rio and BHP lower as Oil and Gold both retreated from their highs.

11yr ago

Superannuation returns in perspective

Jitters about the effects of market movements on superannuation are only natural, but should you really be worried? Recent headlines like “Super fund returns worst for 20 years”1 highlight the effects market movements have on short-term super performance.
11yr ago

Hot stock

What's new? We hear so much about the need to create competitive goods-and-services markets. Competitive labour markets are crucial to keeping wages and therefore inflation down. But where's the competition at the executive end of the labour market? The answer is that it's non-existent. Rising executive wages and poor performance attest to it.
11yr ago

Spin fails reality test

Have you noticed that every second advertisement for retirement investment advice features the same couple: fit, good-looking, smiling broadly as they holiday in the lap of luxury.
11yr ago

Bailout plan for two giant US lenders

TO AVERT a second crisis of confidence in US credit markets, the United States Government has stepped in to prop up the two mortgage giants, Fannie Mae and Freddie Mac, before the markets opened again yesterday
11yr ago

New rail tunnel may be privatised

A NEW $7 billion rail tunnel for Melbourne could be privatised under funding options being considered by the State Government and supported by public transport group Metlink.
11yr ago

New rail tunnel may be privatised

A PROPOSED $7 billion rail tunnel from Footscray to Caulfield could be privatised under funding options being considered by the Brumby Government and being backed by Metlink, the body that promotes Melbourne's public transport operations.
11yr ago

Bulls and Bears: Chris Caton on investing in 2008

BT’s Chief Economist Chris Caton has worked in financial services for more than 17 years, witnessing major events like the ’87 crash, the tech bubble and even the local banana crisis. We talked to Chris about his experiences as a long-term investor and what he thinks about investing in 2008.
11yr ago

Oil and shares - this year's Factor X

The big slump in shares from their highs in October/November last year to their lows in March this year was driven primarily by the credit crunch. However, the continued surge in the oil price has played a major role in the slump in shares since mid-May which has now taken them below their March lows.
11yr ago

GE fast to collect, slow to disperse

AT LEAST 2000 customers owed compensation by the nation's biggest consumer credit provider, GE Money, are still awaiting payment for harassment by the company's debt collection department.
11yr ago

Tough times send equity raisings into tailspin

SHAREMARKET woes lopped 17% off Australian companies' equity raisings last financial year, with data revealing a sharp divide between emerging companies struggling for a foothold and their more established rivals.
11yr ago

GE victims still wait for compo

AT LEAST 2000 customers owed compensation by Australia's biggest consumer credit provider, GE Money, are still awaiting payment for harassment by the company's debt-collection department.
11yr ago

Letters

PUBLIC TRANSPORT Common sense and the connies - why do we wait?
11yr ago

CMC Markets Weekly Report

The ASX 200 rallied to close higher into the end of the week, although unconvincing, as sellers once again emerged to stifle recovery through the 5000 level. Negative sentiment still plagues the market, especially through the financial sector.

11yr ago

Time to take the acid test

Could you deal with the unexpected? Put your financial safety net through the latest scrutiny from our sister publication, AFR Smart Investor, to find out.
11yr ago

How fixed-interest funds fare in the money trap

If you've ever taken a passing interest in share-based managed funds, you'd know there is often a big gap between the best and worst performers - particularly over shorter periods such as one year. Fund managers have different investment objectives, different investment styles, and can operate in different sections of the market. And, frankly, some are just better than others.
11yr ago

If you run with bulls, watch out for bears

Harvey Kalman is a man with a conundrum. As head of funds management with Equity Trustees he is responsible for Australia's best-performing diversified Australian share fund. But it's not something he can boast about. Over the past year the fund has lost 1.85 per cent.
11yr ago

One-stop shop to help consumers

CONSUMERS in dispute with financial service providers have a one-stop shop after the launch of the national Financial Ombudsman Service.
11yr ago

Man with long-held mineral dreams may have tapped well of riches at last

A retiring director's abiding faith in shale oil appears to have finally paid off. LANCELOT reckons most of the screen jockeys riding today's sharemarket roller-coaster were not born in 1969, so the historic moment of Leslie White stepping aside as chairman of East Coast Minerals a week ago was probably lost on them. It was the first move on the road to retirement for the 82-year-old director, who has been a tireless advocate for shale oil in his mini-stable of companies comprising Greenvale .
11yr ago

REIT investors await reporting season with dread

IT HAS been a dark week for real estate investment trusts, and the outlook is grim for months to come. Pushed to heady heights by investors who have enjoyed annual returns of 20 per cent or more for the past five years, REITs have crashed harder and faster than anyone expected.
11yr ago

Racecourses seek development bonanza

MELBOURNE'S big racetracks are turning to residential developments to shore up their financial viability, with major new building projects planned for the home of the Cox Plate and the Caulfield Cup.
11yr ago

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