Centro wins reprieve from lenders (FT.com)
February 18, 2008
FT.com - Shares in Centro Properties Group, a victim of the subprime mortgage crisis, jumped as much as 14 percent on Monday after the company said it had won a two-month reprieve from its lenders on a total of A$5.4 billion ($4.8 billion) of debt.
Westpac Banking Corporation and St George banks in merger talks
Westpac Banking Corporation, Australia's oldest company, is in talks with St George, a former building society, about merging to form a A$64 billion ($£31 billion) institution.
Westpac may have to boost $17.6 billion St George bid (Reuters)
Reuters - Westpac Banking Corp Ltd , which has bid $17.6 billion for St George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher. 
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
Westpac offer 'in the ball park'
Most analysts say Westpac's offer of $33.10 for each St George share is fair, but some are still hoping for more.
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 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.
Westpac and St George Bank mull...
Westpac Banking Corporation, Australia’s oldest company, is in talks with a
smaller rival to create a A$64 billion ($£31 billion) institution with a
customer base...
ASX over 2% lower at noon
The Australian stock market fell over three per cent following large falls on Wall Street last week and dragged down by local banks.
Commonwealth Bank half-year profit rises 8 percent, despite credit woes
Commonwealth Bank Of Australia said Wednesday its first half net profit rose 8 percent compared to the same period a year earlier, though volatility in global markets stemming from the U.S. subprime mortgage crisis weighed on earnings.
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 and Rio Tinto lead market higher
The Australian sharemarket closed higher yesterday, boosted by strong rises in global miners BHP Billiton and Rio Tinto.
Australia's Westpac offers $14B for...
Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a $14 billion takeover offer that could lead to the biggest shakeup of Australia's banking...
Mega-bank in the making
Westpac enters merger talks with St George Bank to create Australia's largest home lending and wealth management provider.
Westpac, CBA join $1.2b float party
Westpac and Commonwealth Bank will make close on $600 million after Visa's successful listing on the New York Stock Exchange.
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).
05/02/08
Similar news about Santos Ltd.
Market dips as Tabcorp, Tatts slump
Australian shares fell 0.5%, as Tabcorp and Tatts Group tumble on the loss of a key market for their slot machines.
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.
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.
Westpac says Gail Kelly a 'great asset'
Westpac Banking Corp chairman Ted Evans says CEO Gail Kelly is a "great asset" as the company attempts to buy rival St George Bank.
CBA, St George eye gains from Visa float
Commonwealth Bank and St George Bank expect to make a substantial windfall from the $US18 billion ($A19.89 billion) float of US credit card giant, Visa.
Stocks to watch
Stocks of interest on the Australian stock exchange today.
St George to recommend Westpac takeover
St George Bank's board will recommend to its shareholders Westpac Banking Corporation's $19b takeover after the two lenders signed an implementation agreement.
Australia's Westpac bids $17.6...
Reuters - Westpac Banking Corp Ltd
launched a $17.6 billion all-share bid for smaller rival St
George Bank Ltd in a tie-up that would create
Australia's biggest bank by...
Transurban likes Nth America
Transurban has ruled out a separate stock market listing for its specialist investment vehicle in North America as it bids to add other major international highways to its...