Aussie market likely to open higher
February 26, 2008
The Australian stock market is expected to open higher on Wednesday as Wall Street gained ground overnight.
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.
Review: iASUS Concepts Mobile Amp
Like some other such devices, including Upbeat Audio’s Boosteroo Revolution, the pitch here is that you plug this in to the headphone port of your iPod, then turn your iPod down to a lower volume level, and use the external amp to boost the audio signal, resulting in lower iPod battery consumption and a higher maximum signal output to connected headphones. While this adds the inconvenience of dual battery charging and will be of little to no…
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.
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.
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.
Rate rises as Westpac also feels squeeze
WESTPAC yesterday became the latest of the major banks to raise its key mortgage rate by a further 10 basis points, putting further pressure on home owners.
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 may have to boost $17.6...
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...
Westpac likely to outsource 3000 jobs
WESTPAC is expected to shift the work of up to 3000 back-room staff to overseas locations such as India over the next three years in an accelerated plan to cut costs being put...
Fairfax sets it site on young...
Fairfax Media's digital arm is plunging into the fickle world of the "youth market" with a website that promises to give Australians their 15 megabytes of fame.
Zinifex soars after Allegiance bid...
Zinifex has recorded 74.3% rise in first-half profit and said demand for zinc is expected to remain healthy in 2008 stoked by strong Chinese buying. Separately, Allegiance...
Profit down, GPT speeds up exit from...
THE diversified developer and funds manager GPT has avoided a potentially dangerous pothole with a decision to speed up its exit from a $7.1 billion European joint venture with...
Allegiance accepts revised Zinifex bid
Nickel miner Allegiance Mining has finally thrown its support behind Zinifex's all-cash takeover bid after the offer was sweetened on Monday.
Westpac pressured to lift rates
WESTPAC is coming under increasing financial pressure to top up its leading home loan interest rate after National Australia Bank's sudden move to bring the cost of its mortgages into line with the rest of its main rivals.
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).
Zinifex H1 net profit up 74.3% to $1.3b
Zinifex has recorded 74.3 per cent rise in first half profit and says demand for zinc is expected to remain healthy in 2008.
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...
Qantas plans two-tier workforce
QANTAS has signalled plans to establish a two-tiered workforce that will see some full-time employees hired on less pay and lower conditions than existing staff.
Wesfarmers shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
Fairfax upbeat on strong growth
Fairfax Media Ltd says it is confident of maintaining strong earnings growth despite signs of a slowdown in some markets.