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27 August 2013 • By Reporter • 1 min read

Moody’s downgrades NAB’s UK bank

National Australia Bank’s (NAB’s) UK banking operation, Clydesdale Bank, has had its credit rating downgraded from A2 to Baa2 by Moody’s Investors ...

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ASX grows profits; equity raising successful

The Australian Securities Exchange (ASX) has announced a slight increase in profits for the 2012/2013 financial year, noting that its recent half ...

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Ignore short-term punditry, investors warned

Investors should pay little mind to the “clamour and distraction” of political and economic commentary – particularly in the middle of a federal ...

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Platform race to the bottom is on

The platform fee-cutting race could see the first zero cost platform become a loss leader for distribution, according to CoreData principal Andrew ...

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Lost account clean-up hits super membership

Super fund membership has dropped for the first year in Australia’s superannuation history, with numbers to continue dwindling over the next 12 to 18 ...

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Business levy will hurt investors, says Bowen

Australian investors face a “massive slug” if the Coalition’s 1.5 per cent levy on business to pay for its paid parental leave scheme becomes law, ...

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IOOF quadruples net profit

IOOF has recorded a net profit after tax of just under $80 million – four times the previous year’s result. The financial services firm’s statutory ...

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ASIC training register concerns ‘misguided’

Support for the corporate regulator’s proposal to scrap its training register has continued, with the Institute of Public Accountants (IPA) saying a ...

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Former Gunns boss avoids jail time

Former Gunns chairman John Eugene Gay has been convicted of insider trading and fined $50,000 by the Supreme Court of Tasmania. At the time of Mr ...

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Industry funds facing identity crisis

The broadening of service offerings by industry superannuation funds has made them more competitive but has also clouded their public identity, ...

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