Axa half-year profit slumps 75 per cent
August 5, 2008
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 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.
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.
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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Axa profit slumps
Axa Asia Pacific Holdings says half-year profit falls 75% on declines in global and domestic equity markets.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
'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.
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.
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.
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.
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.
AXA warns of current investment climate
AXA Asia Pacific Holdings says the current investment environment will affect the financial performance of companies in the financial services sector.
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.
Challenger buys AXA annuities portfolio
Challenger Financial Services has bought AXA Asia Pacific's $1.3b annuities portfolio.
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Australian stocks hit 32-month low
The Aussie stock market was languishing at a 32-month low at noon as fears of slowing global growth lowered commodity prices and hammered the resources sector.