Centro seeks bids for 25 malls
April 28, 2008
Centro Properties Group said it is seeking bids for 25 of its shopping centres, but hopes to retain at least 50% ownership in them to retain management and leasing control.
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.
Takeover talk not surprising: GPT chief
GPT Group chief executive Nic Lyons says it's not surprising the property trust has been the target of takeover talk, given its strong portfolio of assets.
GPT cuts income guidance to $464m
GPT Group cut its guidance for full-year operating income to $464m from $633m due to the deterioration in global credit markets.
07/07/08
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Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
02/27/08
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GPT slashes earnings forecast
Property trust GPT Group cuts its guidance for full-year operating income to $464 million from $633 million.
07/07/08
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GPT shares slump to 24-year low
GPT shares drop further after the company's credit rating is lowered.
07/09/08
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Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
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...
GPT accounts for changes and costs
GPT Group says finance costs tied to the changes in its credit ratings by ratings agencies have been accounted for in the assumptions underlying its guidance.
Lend Lease revises expectations
LEND LEASE has joined the growing list of property groups to issue a 10 to 15 per cent profit downgrade for 2008-09 and to flag asset sales - this time due to the collapsing British housing market.
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.
Westpac office trust valuations down
Westpac Funds Management's office trust says $31.3 million has been wiped from the valuation of its portfolio during the second half of the 2008 financial year.
GPT aims to raise $900m from hotel...
Listed property trust GPT Group has put its landmark tourism and hotel portfolio, featuring some of Australia's key resorts, up for sale.
07/18/08
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BHP Billiton raises hostile bid for...
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...
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).
Red Wings reward Babcock for winning Stanley Cup (AP)
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings over the next three years, Babcock's younger two kids likely will get the same opportunity.
BHP Billiton raises hostile bid for...
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...
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Write-off, but Leighton on track
LEIGHTON HOLDINGS has reaffirmed its full-year profit forecasts remain intact, despite the contractor writing off the remainder of its $117.5 million direct and indirect...
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.
Investors await surprises in Westpac...
Investors will be watching for surprises when Westpac releases its half year results, a week after ANZ Bank revealed nearly $1 billion in provisions against potential losses.
04/30/08
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Westpac likely to outsource 3000 jobs
WESTPAC is expected to shift the work of up to 3000 back-room staff to overseas locations such as India over the next three years in an accelerated plan to cut costs being put...