Spanish-controlled CIMIC is offering $3.15 cash a share for UGL.

UGL shares remain out of CIMIC's reach

Shares in takeover target UGL continued to hold out of reach of the bidder for the company, the Spanish-controlled CIMIC, despite the board's capitulation Monday, when it told shareholders they should accept the offer.

NIB boss Mark Fitzgibbon has highlighted slowing premium rises in the sector.

Health insurance premium rises starting to fade

The steam may be finally running out of the fast-paced rise in health insurance premiums of the past decade, with one of the nation's largest insurers seeing the level of 'claims inflation' nearly halve over the past year.