Buybacks refresh cash pool

Article Abstract:

Australian corporations have increased return on capital by buying back their own stock shares. The value of share buybacks in Australia has grown to $7.7 billion since 1996. Large banks have been heavily involved in buybacks, with Westpac Banking Corp. as the most active capital manager. Westpac expects to announce another $1 million buyback in 1999. Share buybacks have provided more liquidity in the marketplace.

Australia, Capital Management-Stock Repurchase, Statistical Data Included, Economic aspects, Corporations, Securities, Capital stock, Return on investment, Stock redemption, Westpac Banking Corp., WBK, Rate of return

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Macquarie to mine retail

Article Abstract:

Issues concerning the business plans of the Macquarie Bank to expand and dominate the retail banking industry of Australia and New Zealand are discussed. Particular attention is given to the Bank's new customer relations computer equipment.

Retail industry, Retail trade, Market share, Macquarie Bank Ltd.

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The herd regroups

Article Abstract:

The background to the sale of Merrill Lynch Perth operation to Johnson Taylor Potter is discussed. The use of Merrill Lynch client lists is examined and the management of its private-client groups is assessed.

Mergers, acquisitions and divestments, Stockbrokers, MER, Merrill Lynch & Company Inc., Johnson Taylor Potter

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