Comparing Aussie companies: facts & fiction

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Company financial statistics In recent weeks investors have no doubt found it difficult to sort fact from fiction in the public discussion about company balance sheets. Some commentators have questioned whether banks are generating above-normal profits. Others have questioned whether some companies such as BHP Billiton are making profitable use of capital or whether a […]

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Urgent action needed on Australia’s retirement savings gap

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The Financial Services Council today released research that shows Australia’s retirement savings gap blew out to $897 billion in 2009, from $695 billion in 2008. John Brogden, CEO of the Financial Services Council, said the findings highlighted the urgency of increasing the Superannuation Guarantee (SG) from 9 per cent to 12 per cent. “The research […]

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Weekly market & economic update – November 19 2010

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Headline developments of the past week Worries about Europe’s debt problems and tightening in China were again key issues for investors over the last week, and had the effect of initially pushing share markets down ahead of a reversal later on as some of the fears receded. Europe seems to be moving pretty quickly this […]

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IOOF Licensees Join AFA

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The Association of Financial Advisers (AFA) today confirmed that four licensees, operating as part of Australian Wealth Management, a wholly owned subsidiary of IOOF, have joined as members of the AFA. AFA CEO Richard Klipin said the AFA is delighted to welcome Bridges Financial Services, Wealth Managers, Executive Wealth Management Financial Services and SMF Wealth […]

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Investing Globally Can Provide Better Opportunities than Domestic Myopia, According to BNY Mellon Asset Management

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Global View Can Aid Investors to Spread Risks and Achieve Better Returns Investing globally has the potential for providing better returns and greater diversity of risk exposure than limiting capital allocations to home markets, according to a new white paper by BNY Mellon Asset Management. “Investing globally can help investors spread their risks and position […]

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Cyclical recovery in shares remains on track, albeit bumpy

Key points Share markets and related trades such as commodity prices and commodity currencies have fallen over the last two weeks, partly triggered by worries about the impact of Chinese tightening and the re-emergence of sovereign debt problems in Europe. However, this is likely to be a correction in an ongoing cyclical recovery in shares: […]

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AMP welcomes AXA APH Directors’ decision to recommend merger

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AMP Limited (AMP) welcomes the unanimous decision by AXA Asia Pacific Holdings Limited (AXA APH) Independent Directors to recommend to minority shareholders the proposal to merge the AMP business with AXA APH’s Australian and New Zealand businesses. The recommendation is in the absence of a superior proposal being made and subject to the review of […]

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Investor Signposts: Week Beginning November 21 2010

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The big picture In the US, investors have been cheering the election result. That may seem odd, given the fact that it appears a recipe for doing nothing – a Republican-controlled House of Representatives, Democrat-controlled Senate and a Democrat in the White House. One study found that returns for the Dow Jones almost doubled in […]

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Resource states shift into fourth gear

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Average weekly earnings; ABARE Mineral & energy major projects Average weekly earnings rose by 0.4 per cent in the three months to August with private sector earnings up just 0.2 per cent and public sector wages up 1.5 per cent. Wages rose by 4.5 per cent over the year. Over the year male wages rose […]

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AMP Bank increases standard variable rate

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AMP Bank is increasing its standard variable home loan interest rate for new and existing customers by 38 basis points to 7.82 per cent following the Reserve Bank of Australia’s increase to the official cash rate. The changes come into effect from Friday 19 November for new customers and Sunday 21 November for existing customers. […]

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