Axa profit slumps
August 5, 2008
Axa Asia Pacific Holdings says half-year profit falls 75% on declines in global and domestic equity markets.
AXA Asia funds shrink by $10b
Axa Asia Pacific Holdings, a unit of Europe's second-biggest insurer, said funds under management fell 10% in the first quarter amid the decline in global financial markets.
Axa half-year profit slumps 75 per cent
Insurer and fund manager Axa Asia Pacific Holdings Ltd says half-year profit has fallen 75 per cent on declines in global and domestic equity markets.
AXA Asia Pacific gets new regional boss
AXA Asia Pacific Holdings Ltd has appointed Michael Bishop, who headed Prudential Corporation Asia, to lead its Asian operations.
AXA to longer pursuing MAA acquisition
AXA Asia Pacific Holdings says it is no longer pursuing an acquisition of Malaysian Assurance Alliance Berhad (MAA) in Malaysia.
Axa's managed funds inflows down
Axa Asia Pacific says inflows into its managed funds fell in the first quarter of 2008 amid turmoil in global financial markets.
ASX high at noon as Wall St soars
The Australian stock market was up at noon as News Corporation Ltd reported robust fourth-quarter and full-year results.
08/06/08
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Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Banks lead way as shares climb
The Australian sharemarket closed higher yesterday as Westpac's proposed takeover of St George enlivened the banking and financial services sector.
Challenger buys Axa portfolio
Challenger Financial Services has bought AXA Asia Pacific's $1.3 billion annuities portfolio and sold its financial planning business to AXA for $150 million.
'Win-win' for Challenger and AXA in asset swap
AXA Asia Pacific Holdings has swapped its closed annuities portfolio and a consideration of $100 million for Challenger Financial Services Group's financial planning business.
Stocks to watch
Stocks to watch on the Australian Stock Exchange today.
Rio Tinto warns about David Tweed
Rio Tinto has warned its shareholders to be wary about potential unsolicited offers from sharemarket opportunist David Tweed.
Just dabbling in Just takeover
Perpetual is back purchasing shares in the besieged fashion retailer.
08/05/08
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Leave it as you found it
Like Greg Clarke, Michael Evans is a man of manners.
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
AXA APA on lookout for acquisitions
AXA Asia Pacific Holdings Ltd says the company has $1 billion in surplus capital to facilitate any future acquisitions.
AXA to list $1b property fund
Wealth manager and life insurance firm AXA Asia Pacific Holdings plans to list its $1.07 billion Australian property fund on the stock exchange later this year.
BHP, Wesfarmers results to set market tone
Australian stocks are set for a volatile week ahead as investors digest a flurry of earnings reports and try to guess where interest rates are heading and the extent to which the global economy is slowing.
Challenger buys AXA annuities portfolio
Challenger Financial Services has bought AXA Asia Pacific's $1.3b annuities portfolio.
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
Australian merchant bank Babcock and...
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its...
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Red Wings reward Babcock for winning...
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings...
Challenger brawl referred to the umpires
One of the antagonists has trotted off to the Takeovers Panel, the other to court.
08/05/08
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