Dispatches: QBE profits drop by 39 per cent

QBE Insurance Group first-half profit declined 39 per cent as Australia's biggest insurance company was hit by substantially lower investment income from cash and fixed income investments. (Sydney Morning Herald)

There have been several new hires at AMP Capital Investors' fixed income team, with the appointment of Sonia Baillie as the senior portfolio manager, and the recruitment of three additional analysts within the credit research and analysis team. (Money Management)

Shares in AMP slipped 4.5 per cent to the lowest in more than a year after the wealth manager increased first-half profit 17 per cent and expressed caution about the global economic outlook and ongoing market volatility.(The Age)

The board of embattled Superwoman Group has moved to rebuild the company by entering into a strategic alliance with a third party and examining the potential for a new financial services offering. (Investor Daily)