Suncorp
News and interviews on Suncorp including trends, features, blogs and community conversations from an Australian business perspective.
Fires threaten Perth suburbs as Suncorp warns natural disasters will push insurance premiums higherMonday, 07 February 2011
Suncorp chief executive Patrick Snowball has warned insurance premiums will rise if the number of natural disasters threatening the country escalates year-after-year, as a raft of chaotic weather events continue to batter the country. ...
Companies assess flood costs amid concerns rebuilding could take two years
Thursday, 13 January 2011
The financial costs of Queensland's flood disaster continue to mount, with insurers, retailers and resource companies still trying to quantify the losses caused by the crisis. ...
Housing finance up 2.5% in November, Flood woes hit Suncorp shares: Economy Roundup
Wednesday, 12 January 2011
Housing finance grew by a seasonally adjusted 2.5% in November, according to the latest figures from the Australian Bureau of Statistics. ...
Costs from Queensland floods rise, but economists say disaster will not impact interest rates
Thursday, 06 January 2011
The mining, agribusiness, insurance and consumer staples sectors have started counting the costs of the Queensland flood disaster, with the Queensland Premier Anna Bligh estimating the final toll could be as high as $5 billion. ...
Banks weather storm of criticism on social media, new report shows
Tuesday, 23 November 2010
As banks continue to be pilloried by consumers over interest rate rises and exit fees, a new report has found major financial institutions are surviving attacks and attracting positive sentiment on social media channels. ...
RBA says medium-term outlook demand rate hike, NAB predicts business pickup in 2011: Economy Roundup
Tuesday, 16 November 2010
The Reserve Bank of Australia has said it raised the official interest rate earlier this month due to stronger commodity prices and a solid outlook for business investment due to lower global risks, in the latest minutes of its monthly meeting. ...
The worrying consequences of abolishing exit fees: Bartholomeusz
Friday, 12 November 2010
Goldman Sachs has produced a couple of pieces of research that ought to be required reading for all the politicians currently engaged in big bank bashing. It confirms that there is a law of unintended consequences when the political desire to be seen to be ...
Investigation reveals millions in payments to financial planners not properly accounted for
Thursday, 04 November 2010
Millions of dollars in payments to financial planners are not being properly accounted for, an investigation by Eureka Report has found. Eureka Report's research revealed that leading fund managers and adviser groups are failing to come clean on "soft dollar" ...
Property trust follows retirement villages into insolvency as founder appoints his own administrators
Tuesday, 19 October 2010
A battle looms over the future of collapsed property trust Prime Retirement and Aged Care Property Trust, after founder and former managing director Bill Lewski appointed his own administrators to the trust's management vehicle. ...
Retirement villages in receivership as banks swoop
Monday, 18 October 2010
Ten retirement villages that are owned by the listed Prime Retirement and Aged Care Property Trust have been placed in the hands of receivers after banks including National Australia Bank and Suncorp Metway lost patience with the group. ...
Receivers appointed to property empire owned by WOW Sight and Sound directors
Thursday, 07 October 2010
Two directors of retail electronics chain Wow Sight and Sound are caught up in a property sale worth hundreds of millions, after several banks recently appointed receivers to the assets controlled by the two men. ...
Seven Group Holdings net profit up to $718 million, Facebook valuation surges: Economy Roundup
Wednesday, 25 August 2010
Seven Group Holdings has recorded a $718 million net profit for the two months to 30 June, saying the company is set for some solid growth over the next year. ...
DFO gets bailout agreement, but business up for sale
Friday, 20 August 2010
The South Wharf DFO shopping centre in Melbourne will avoid being placed into receivership after the banking syndicate of its parent company Austexx agreed to a plan to refinance the group's $1 billion debt. ...
Direct Factory Outlets in talks over financial problems
Monday, 16 August 2010
The company which owns Australia’s Direct Factory Outlets chain is believed to be locked in talks over its future after media speculation that it is struggling under $1 billion of debt and may be on the “verge of collapse”. ...
THE WEEK AHEAD: Investing in volatile times
Monday, 28 June 2010
After beating a retreat in the early months of the year, volatility returned to the sharemarket with a vengeance in May. In the 21 trading days of May, the All Ordinaries either rose or fell by more than one percent on 15 occasions. That was the most volatile ...
Perpetual chief David Deverall steps down, Shares slide: Economy roundup
Wednesday, 23 June 2010
David Deverall has stepped down as managing director of Perpetual, saying the decision to resign has been a difficult one. ...
Australian shares fall 2.8% as global markets take battering: Economy Roundup
Friday, 21 May 2010
The Australian sharemarket has opened over 2.8% lower this morning due to a shocking result on Wall Street overnight, where the Dow dropped nearly 4% on new fears over the European debt crisis. ...
Over 40,000 businesses, individuals join class-action against banks
Friday, 14 May 2010
Over 40,000 businesses and individuals have signed up for a class-action lawsuit against 12 of Australia's major banks for allegedly charging too much for overdraft fees, the legal firm organising the suit has said. ...
SMEs urged to join class-action lawsuit against major banks
Thursday, 13 May 2010
A law firm has urged small businesses to sign up to a class action lawsuit against 12 of Australia's major banks who have allegedly gouged billions of dollars from customers in so-called exception fees such as for dishonour and late fees. ...
Retailers head list of the nation's top 25 advertisers
Monday, 29 March 2010
Wesfarmers, Woolworths and Harvey Norman have once again emerged as among the nation's top advertisers, but overall spending has dropped over the last year as the advertising market was hit hard by the financial crisis, a new Nielsen report has revealed. ...
