AGL rules out revisiting Origin merger
April 6, 2008
AGL Energy chief executive Michael Fraser has ruled out revisiting a merger with rival Origin Energy more than a year after scrapping the plan.
AGL Energy flags asset sales to fund cleaner power
AGL Energy, Australia's biggest electricity and gas retailer, plans to sell assets to help reduce debt and fund expansion in ``clean'' power generation and natural-gas production.
AGL Energy sells gas business for $US90m
AGL Energy Ltd, Australia's largest power retailer, has flagged the sale of its Chilean gas distribution business for $US90 million ($A99.44 million).
AGL Energy sells Chilean gas business
AGL Energy has flagged the sale of its Chilean gas distribution business for $A99.44 million to a consortium of Australian superannuation funds.
ASX buoyed by earnings results
The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
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Babcock & Brown forecasts 15% growth
Babcock & Brown has forecast annual profit growth of at least 15 per cent in 2008 after it posted a large rise in 2007 annual profit.
Crown casinos continue to expand in US
Casinos operator Crown is continuing to expand in the United States and says its Australian casinos are performing strongly.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Australian merchant bank Babcock and...
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its...
Santos dodges takeover talk
Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
Review: iASUS Concepts Mobile Amp
Like some other such devices, including Upbeat Audio’s Boosteroo Revolution, the pitch here is that you plug this in to the headphone port of your iPod, then turn your iPod down to a lower volume level, and use the external amp to boost the audio signal, resulting in lower iPod battery consumption and a higher maximum signal output to connected headphones. While this adds the inconvenience of dual battery charging and will be of little to no…
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
Wesfarmers shares up with rising success
Wesfarmers shares rose 1.8 per cent Monday after the company finalised part of a $2.5 billion equity raising and opened it to retail shareholders.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
Zinifex, Oxiana merge into $12b company
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
03/03/08
Similar news about Zinifex Ltd.
Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
GPT operating profit up
GPT Group has reported a 14.5 per cent fall in annual earnings and says it expects to maintain distributions in 2008, given challenging market conditions.
BHP Billiton raises hostile bid for Rio to 147.4 bln dlrs (AFP)
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a resources boom driven by China.
Stocks to watch
Stocks of interest on the Australian stock exchange today.
Bad loans put hurt on Amcore
Federal regulator probes lending
Posting an unexpected first-quarter loss, Amcore...
04/18/08
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Alumina defends size of its board
Alumina has defended the size of its board amid criticism that it is a "post box" company.
05/01/08
Similar news about Alumina Ltd.
Wesfarmers shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
Babcock & Brown raises more cash for...
Investment and specialised fund and asset management group Babcock & Brown today announced it raised an additional $US335 million ($364 million) of capital for infrastructure...
Of Telstra, and Tricom
Telstra looms now that Murdoch and Packer's takeover plans for CBH have failed. Meanwhile, Babcock & Brown and ANZ move on Tricom.