Profit down, GPT speeds up exit from B&B venture
February 27, 2008
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 the investment house Babcock & Brown.
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.
Babcock & Brown raises more cash for U.S. investments
Investment and specialised fund and asset management group Babcock & Brown today announced it raised an additional $US335 million ($364 million) of capital for infrastructure investment opportunities in North America, the company said in a statement.
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.
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
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.
Babcock: corporate debt facility renewed
Babcock & Brown says 25 banks have committed to take part in expanding its so-called evergreen corporate debt facility to $2.8 billion.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Babcock ups exposure in troubled Tricom
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
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…
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.
Babcock forecasts 15% earnings growth
Babcock & Brown Ltd has forecast profit growth of at least 15 per cent in 2008 after a strong flow of infrastructure and property deals.
Babcock in Tricom recapitalisation
Investment bank Babcock & Brown says it has joined ANZ Banking Group in the recapitalisation of troubled stockbroking firm Tricom Equities.
04/08/08
Similar news about ANZ Bank
Of Telstra, and Tricom
Telstra looms now that Murdoch and Packer's takeover plans for CBH have failed. Meanwhile, Babcock & Brown and ANZ move on Tricom.
Telstra spending placed on hold
TELSTRA will delay investing in some telecommunications infrastructure until it knows whether it has won the right to build an $8 billion-plus national broadband network.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
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.
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.
A sense of irony helps at Babcock
What? Babcock & Brown executives missing their bonuses as a result of "current market conditions''? No, it was just the boss being tongue-in-cheek.
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.
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.
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...
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...
Rivals kept busy as Telstra takes...
TELSTRA is raising the stakes in its attempt to lift the rent on its copper-wire telephone network by pursuing legal action almost every time the competition regulator releases...
Wesfarmers shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.