Babcock to stick with external oversight
May 30, 2008
THE Babcock & Brown chief executive, Phil Green, gave every impression yesterday that he had listened to investors' fundamental concerns as he launched a review of listed infrastructure funds at the company's annual general meeting.
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.
Babcock & Brown shares dive on fee flow fears
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.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
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.
Babcock pledges cash for B&B Power
Babcock & Brown is prepared to help Babcock & Brown Power with funding if the banks don't.
Babcock extends share plunge
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling as much as 24% in early trading.
Australian investment firm Babcock & Brown faces potential lender review
Investment firm Babcock & Brown Ltd. faces a potential review by lenders after its shares fell 28 percent Thursday, making it the latest Australian company to grapple with rising concerns over debt and tight global credit markets.
Embattled Babcock & Brown Makes Big Rail Deal
In the midst of an investor crisis of confidence in the Australian investment firm, it leads consortium to purchase Angel Trains, a U.K. railcar leasing firm, from RBS.
Babcock struggles with banks
Troubled investment firm Babcock & Brown has begun meeting with its bankers, as it goes ahead with asset sales.
Babcock denies default
Shares in Babcock & Brown rally after the troubled group says it is not in default or breach of its banking covenants.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Babcock quiet on sell-off
Babcock & Brown has refused to confirm whether Goldman Sachs JBWere and Deutsche Bank have been named independent advisers.
Babcock opens self-help books ahead...
BABCOCK & Brown Communities will look at all possibilities to push its ailing share price closer to its underlying asset value as part of a strategic review.
Babcock ups exposure in troubled Tricom
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Australian investment firm Babcock & Brown faces potential lender review
Babcock & Brown Ltd.'s shares fell as much as 32 percent Friday on concerns about its debt position, despite Australia's second largest investment bank clinching a US$7 billion deal to buy Britain's Angel Trains.
Babcock & Brown Financing Deal Stiffs Short-Sellers
The embattled Australian infrastructure investment firm comes to an agreement with creditors to pay higher interest rate in exchange for them dropping review of company's debt covenants. 
Red Wings reward Babcock for winning...
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...
Babcock 'in good shape' but shares sink
Babcock & Brown said its fundamentals were in a robust shape, particularly in its infrastructure business, after its shares plunged 20 per cent.
Babcock's thin lifeline
Babcock & Brown shares were smashed today, raising questions of survival, but the battered group is simply too big for the banks to let it fall - yet.
Babcock winds up for asset sale
Babcock & Brown said it will get offers for European wind farms this week as the company tries to stave off a review of $2.8 billion of debt after a 53% stock slump last week.
Babcock finds suitors for wind farms
Babcock & Brown's wind power affiliate may get up to $3.2b for assets, which would alleviate concern about the firm's ability to repay debt.
RBS sells rolling stock company to...
Royal Bank of Scotland has sold Angel Trains to a consortium led by Babcock & Brown's European infrastructure fund in a deal that values the rolling-stock leasing business...