Who’s Done What? Oct 28 2011

From some recent feedback we are going to include each week this section called “who’s done what”, this will include some company announcements that we find of interest. This week:
• Australian Securities Exchange has been left humiliated by its trading outage and one can only wonder what this will do to its hopes of an international merger when the company is in headlines around the world for all the wrong reasons.
• National Australia Bank (NAB) posted a record annual cash profit of $5.5 billion and warned its funding costs will climb higher until 2014.