A question that needs raising
July 30, 2008
Bradken has put its issue to bed. Australand has just moved. Who's next?
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 investments in Sydney's Lane Cove Tunnel.
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.
Leighton reports 37% profit rise
Leighton Holdings announced a 37 per cent increase in net operating profit for the first nine months of fiscal 2008.
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.
Leighton announce $422m in new work
Australia's biggest construction company Leighton Holdings Ltd says two of its subsidiaries have been awarded $422 million of new work.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Leighton enters trading halt
Shares in constructor Leighton Holdings have entered a trading halt, citing an announcement relating to "a significant capital raising".
World economy to keep growing: Leighton
The world economy will continue growing on the industrialisation of developing countries such as China, construction company Leighton Holdings says.
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 stock over recent weeks.
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.
Leighton helps build Trump Tower
Leighton Holdings is part of a consortium picked to build the Trump International Hotel and Tower in Dubai.
CSL to acquire Talecris for $3.4b
Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
08/13/08
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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.
Leighton wins Australia's largest...
Leighton Holdings and Macquarie Group have won the $4.8b contract for Australia's largest road infrastructure project.
$4.8b project will be Leighton's biggest
LEIGHTON Holdings has secured its largest construction project, after the Queensland Government named the BrisConnections consortium the preferred bidder to build a $4.8 billion...
Orica set for demerger
THE chemicals maker Orica last night revealed plans to raise $900 million and demerge its paint division as it focuses on expanding its booming mining services business.
07/21/08
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Leighton cashes up for boom
LEIGHTON Holdings has announced a $700 million capital raising to help fund its drive into the booming contract mining sector and help it capture billions of extra dollars of potential work it says is beyond its capacity.
Leighton profit surges to $607.9m
Leighton Holdings increases full-year profit by 35% as the construction firm wins large infrastructure contracts in its local market and in the Middle East.
Westpac's ray of light
Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.
Woolworths still eyeing The Warehouse
Cashed-up retailer Woolworths is still likely to make a tilt at the New Zealand general merchandise retailer The Warehouse, an investment house says.
Leighton sees 'tsunami' of opportunities
Leighton Holdings CEO Wal King says the Middle East region is in a construction frenzy and his company intends to take full advantage of the boom.
Leighton scores major contracts
Leighton Holdings, Australia's biggest construction company, has secured more than $700 million of development contracts in Indonesia and Abu Dhabi.
Leighton secures over $1.5b in contracts
Leighton Holdings, Australia's biggest construction company, has secured over $1.5 billion in development contracts in Indonesia and Abu Dhabi.
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
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