Australia's Leighton posts 35 percent profit rise
August 14, 2008
Australia's largest construction company Leighton Holdings Ltd. on Thursday reported a 35 percent rise in year net profit prompted by large mining and infrastructure projects.
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.
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.
Leighton enters trading halt
Shares in constructor Leighton Holdings have entered a trading halt, citing an announcement relating to "a significant capital raising".
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 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.
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 helps build Trump Tower
Leighton Holdings is part of a consortium picked to build the Trump International Hotel and Tower in Dubai.
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Crown reports $370.1m in profit
Casinos operator Crown Ltd says its Australian casinos have been trading satisfactorily since the start of the 2008/09 financial year.
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.
Babcock's jig is up
The writedowns have begun, corporate finance has been axed, and a fire sale of assets is now on. Babcock's survival hinges on this.
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.
Qantas profit up but outlook uncertain
Qantas expects a 41 per cent fall in profit this financial year as the airline faces the headwinds of rising fuel costs and a slowing global economy.
Transurban toll revenue jumps
Toll road operator Transurban has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States, helped by higher traffic volumes...
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
Similar news about Acquisition
WorleyParsons' billion-dollar solar plan
WorleyParsons is studying the construction of the world's biggest project producing power from the sun's heat, tapping incentives for renewable energy generation.
Woolworths angers shareholders by...
Woolworths faces a showdown with its biggest shareholders after the ailing
retailer rejected a takeover approach for its 815 stores yesterday from
Malcolm Walker, the founder...
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.