As editor, Mark oversees the day-to-day online news at Business News. His particular brief is following major deals, the professions and private/family businesses. Mark has 35 years' career experience, primarily in business journalism. Before becoming a journalist, he was an economist with the Commonwealth Treasury in Canberra. He has worked for The Australian Financial Review and The West Australian, and also has public relations and corporate affairs experience.
The local stockbring industry has undergone a dramatic change in the past 18 month with the withdrawal of most of the big US firms from Perth. And that’s created enormous opportunities for those brokers who have stayed a traditional course.
ONLINE investment services are becoming an increasingly popular way of buying and selling managed investments.About 65,000 people have used the Internet to invest inmanaged funds, according to ACNielsen.consult senior analyst Mark Johnston.
MANY Australians have a very narrow approach to personal investment. In most cases, it simply involves gearing into rental properties and buying one or two blue chip shares via a privatisation (Telstra or Commonwealth Bank) or demutualisation (AMP).
GEARING is widely accepted as a sound strategy for investors who want to increase their market exposure.In simple terms, it means borrowing money in order to buy income-producing assets, typically shares or property.
MONITOR Money has become the fourth Australian financial advisory network owned by AXA Asia Pacific.AXA announced last week the purchase of Monitor Money and a leading New Zealand advisory group, Spicers, for $201 million.
THE rapid growth of master funds has been one of the defining trends in financial services during the past decade.Wrap accounts, which provide essentially the same service, also have attracted keen support in recent years.
Sodexo has been shortlisted with two other companies to manage all of Rio Tinto’s camps and other facilities in the Pilbara, in the same week it has been awarded a contract to run Shell’s Prelude Floating LNG facility.
Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.