Grabbing the headlines 21 January, 2013

http://www.adelaidenow.com.au/business/sims-shares-dive-amid-fraud-claims/story-fndbbp4c-1226558125582

SHARES in Sims Metal Management have dived by six per cent after the company warned of possible fraud at two of its British businesses.

Its shares were 66 cents, or 6.6 per cent, lower at $9.34 at 1025 AEDT.

http://www.adelaidenow.com.au/money/money-matters/schools-to-run-finance-classes/story-fn3hwldr-1226557978782

ASIC through the Money Smart teaching program last year initiated the teaching of money management to primary schools. This year the ASIC course is to be trialled for years 7-10 secondary classes before full implementation in 2014. This is part of Labor’s National Financial Literacy program.

http://www.adelaidenow.com.au/business/qbe-poised-to-cut-hundreds-of-jobs/story-fndbbp4c-1226557940175

The Australian Financial Review has reported that insurer QBE is considering cutting 700 jobs.

http://www.adelaidenow.com.au/business/sa-business-journal/hills-holdings-divests-healthcare-arm/story-e6fredel-1226558074102

Hills Holdings will sell its healthcare equipment  division to K Care PL owned by Sydney private equity firm Anacacia Capital, as part of its ongoing restructuring to enable it to focus on electronics and communications. Last year Anacacia Fund II raised $125 million from investors, including Australian superannuation and pension funds.English: Diagram of private equity fund struct...

http://www.adelaidenow.com.au/money/superannuation/super-system-changes-affect-all/story-e6fredku-1226553387375

The superannuation guarantee rate increases from 9% to 9.15% from July 1 and will rise yearly to 12% in 2019-2020



Categories: Financial News

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