ANZ’s purchase of the remainder of ING, and new rumblings about ANZ or another major acquiring AMP, shine a light on one of the dirty secrets of the retail superannuation industry: how much control the banks have.
AMP
It’s crunch week for the Australian economy
This could very well be the week where economic policy for the next one to two years is set, with the Reserve Bank widely expected to provide more explicit views on the direction of monetary policy.
A memo from the poison pen of Walter Slurry
From Principal Rudd & Ja’mie Gillard, to all Labor MPs & Senators…
The Daily Verdict: Day 23 and it’s horses not politics
The interest was on horses not interest and just as well for the Government. What media coverage of the election campaign could be fitted in after the really important news was uniformly bad for the Coalition and good for Labor on last night’s television and this morning’s newspapers.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
ANZ boss joins the “clear the decks” club
ANZ boss Mike Smith is just oh so predictable. Like so many new CEOs before him, the English import has presided over his first profit result by painting a gloomy picture that will set him up for future glory, writes Stephen Mayne.
Media briefs and TV ratings
Seven wins seven in a row … Nine and Foxtel get the games … Last night’s TV ratings.
Australian Idol: Where are the singing Buddhists?
The Hillsong-Idol beat-up, ahem, controversy is heating up. Last night, Jacob Butler, who has no affiliations with the Assemblies of God whatsover, was voted off the show.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
J&J “textbook” outrages teachers’ union and breaches government policy
Health authorities say a school textbook on personal development, sponsored by healthcare giant Johnson & Johnson, may breach departmental policy which restricts corporate advertising.
Drug giant turns education into product placement
The global healthcare corporation Johnson & Johnson is advertising branded products to children in sponsored textbooks handed out to kids in NSW public school classrooms.
Babcock’s black box defies the credit wobbles
Babcock is now managing a whopping $60 billion in assets, although this remains well shy of Macquarie Bank which is up above $200 billion. Stephen Mayne reports on how it’s handling the sub-prime fallout.
Angus & Robertson responds: setting the record straight
I completely acknowledge that the tone of this correspondence was inappropriate, and I appreciate the opportunity to set the record straight on our intentions, writes Dave Fenlon, Chief Operating Officer at Angus & Robertson.
Angus & Robertson throws the book at publishers
Cough up or you’re dumped. Book publishers and distributors choked on their cafe lattes when they were issued the ultimatum recently by Australia’s largest book chain, Angus & Robertson, which is owned by private equity group Pacific Equity Partners. Jane Nethercote reports.
Your Say: Daily Mail readers' feedback: Crikey Says – 19 July, 2007
Treasurer Costello, sitting down for the first of his frank encounters with the authors of John Howard’s biography last year, can have been under no illusions as to the potential for it to leave a muddy footprint across the campaign trail.
UBS pays dearly for losing Fiani
Swiss-owned fund manager, UBS, has paid dearly for the loss of high profile manager, Paul Fiani, and some of his workmates at its flagship Australian Share Fund, over the last few months, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Your Say: Daily Mail readers' feedback: Crikey Says – 26 June, 2007
Today, in the second part of our week-long Bias-o-meter series, Margaret Simons looks at Australia’s major capital city newspapers and finds the usual suspects dividing on predictable party and proprietorial lines. In print, it seems, we list heavily to starboard.
