AXA to list $1b property fund
August 19, 2008
Wealth manager and life insurance firm AXA Asia Pacific Holdings plans to list its $1.07 billion Australian property fund on the stock exchange later this year.
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.
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.
AXA Asia Pacific gets new regional boss
AXA Asia Pacific Holdings Ltd has appointed Michael Bishop, who headed Prudential Corporation Asia, to lead its Asian operations.
ASX high at noon as Wall St soars
The Australian stock market was up at noon as News Corporation Ltd reported robust fourth-quarter and full-year results.
08/06/08
Similar news about ANZ Bank
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.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Telstra executive Burgess to resign
Telstra's head of public policy and communications Phil Burgess is leaving the company and will return to the US, due to illness in his family.
Telstra delays dividend plan but...
TELSTRA has fallen short of bullish market expectations for profit growth this year, disappointing investors who had wanted to begin reaping more benefits from its lauded...
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.
Red Wings reward Babcock for winning Stanley Cup (AP)
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 over the next three years, Babcock's younger two kids likely will get the same opportunity.
Telstra to outdo profit guidance
Telstra is expected to do better than its guidance when it reveals its annual profit results this week, as it increases revenue from its Next G mobile services.
New profit warning as Woolworths...
Woolworths lurched deeper into crisis yesterday as it abandoned the planned
sale of 2entertain, its DVD publishing business, and admitted that a recent
collapse in sales meant...
Gillard slams Telstra for ending EBA...
JESSE HOGAN AND CHRIS ZAPPONE The Workplace Relations Minister dismisses Telstra's rationale for ending talks with unions on collective agreements.
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.
Telstra gears up for ad blitzkrieg
TELSTRA'S outgoing brand chief and Sol Trujillo import, Bill Obermeier, will remain in Australia for at least two years to spearhead a "world leading" digital marketing venture...
Apple Hot News - Telstra and Apple to bring iPhone 3G...
MELBOURNE, Australia—30 June 2008—Telstra, Australia’s leading telecommunications and
information services company, and Apple today announced that the highly anticipated...
Woolworths shares dive to all-time low after warning of 'marked' downturn
Woolworths had a day to forget yesterday, when it posted a profit warning, revealed dire recent trading, and tore up plans to sell its £200m stake in DVD publisher 2 entertain.
Woolworths may plunge into a retail bucket
If Steve Johnson wondered what he had let himself in for by agreeing to be the new chief executive of Woolworths, it was laid bare yesterday. According to one City analyst, he has no choice but to rip up the group's tried-and-tested model and become a bucket shop.
Telstra fires first shot at Canberra
There are signs the nasty days of brawling between Telstra and the Government may return.
Babcock still has its tickets
And Michael Evans has a special friend he likes to call Mr Snufalufagus.
No Telstra broadband 'on current terms'
Telstra is unlikely to win the right to build the proposed national high-speed broadband network if it insists on wholly owning it, an analyst says.
Woolworths rocked as senior director...
One of Woolworths’ most senior directors has quit only a month after the high
street retailer’s new chief executive savaged the poor performance of the
group.
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
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.