Citi, Spanish group team up for highest bid on 75-year lease for Pennsylvania Turnpike
May 20, 2008
A Spanish company and a unit of Citigroup Inc. teamed up to submit the highest bid for the right to lease the Pennsylvania Turnpike for the next 75 years.
Analysts warn of Transurban 'takeover'
Disappointed investors cut almost 15 per cent off the value of Transurban Group after the toll roads operator signalled cuts to its future distribution payouts.
Transurban to raise almost $1 billion
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Transurban tolls and fees pay off
Toll road operator Transurban Group has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States.
Transurban Group in trading halt
The securities of Transurban Group have been placed in a trading halt pending the release of details of a placement to institutional investors.
Tolls boost Transurban revenue
Transurban reports an increase in annual revenue from tolls and fees on its roads in Australia and the US.
Transurban looks to expand to Canada
Toll road operator Transurban Group is looking to expand its operations to Canada.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Transurban finalises Capital Beltway
Transurban Group has finalised the funding for the Capital Beltway project in the United States.
Transurban shares drop after restructure
A capital restructure by toll road operator Transurban Group involving a near $1 billion capital raising and a cut to distributions has received mixed reviews.
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).
Transurban restructure gets thumbs...
A capital restructure by the toll road operator has received mixed reviews from analysts, while investors hammer the shares.
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.
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.
02/27/08
Similar news about GPT Group
Transurban buy extra 2.5% of M7 motorway
Transurban Group has acquired an extra 2.5 per cent interest in the Westlink M7 motorway in Sydney for $38 million.
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
Similar news about Qanta Airways
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.
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.
Australian merchant bank Babcock and Brown faces lenders
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 bankers over a potential review of its 2.8 billion Australian dollars (US$2.7 billion) corporate debt facility.
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 & Brown shares dive on fee...
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
ASX expected to open higher
The Australian stock market is expected to open higher according to the March SPI futures index.
Babcock CEO, Chairman Step Down
Babcock & Brown's top executives stepped down after the Australian investment firm posted a 30% drop in first-half net. Shares hit a record low.
Woodside's Mauritania bribe claims end
Energy producer Woodside Petroleum Ltd says it has been cleared of allegations of bribing an official while operating in the African nation of Mauritania.
Tabcorp applies for NT wagering licence
Tabcorp Holdings says it has lodged an application with the NT government for a racing and sports wagering licence.