Lend Lease cashed up for acquisitions
February 28, 2008
Property developer Lend Lease is looking for acquisitions, hoping to take advantage of the fallout in property markets driven by financial market volatility.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
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.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim 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
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Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
Zinifex, Oxiana merge into $12b company
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
03/03/08
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Wesfarmers shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
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.
China, US aluminum giants buy into Rio Tinto (AFP)
AFP - Chinese aluminium giant Chinalco said Friday it and US peer Alcoa have bought a 12-percent stake in Anglo-Australian miner Rio Tinto, setting up a possible takeover tussle with rival BHP Billiton.
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.
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.
Wesfarmers shares up with rising success
Wesfarmers shares rose 1.8 per cent Monday after the company finalised part of a $2.5 billion equity raising and opened it to retail shareholders.
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.
Telstra dazzles with bumper profit
Telstra has reported a bumper 13 per cent lift in first half profit, surprising investors who lifted its shares by two per cent.
Fairfax tips strong growth despite drag
Fairfax Media has generated a 37.8 per cent lift in first half profit, and says it's confident about maintaining strong earnings growth.
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.
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.
Crown delays announcing its stake in...
JAMES PACKER's Crown Limited has formed new alliances with powerful US gambling barons, spending $414 million to buy stakes in the giant privately owned Harrah's Entertainment...
02/20/08
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Crown adds Harrah's stake
Crown is continuing its US expansion, revealing today that it has recently taken a small stake in US gaming operator Harrah's Entertainment to build partnerships with a view to...
02/20/08
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Australia's Woodside buys Shell oil...
Australia's Woodside Petroleum Ltd. said Monday it has agreed to buy Royal Dutch Shell PLC's oil assets in Australia's North West Shelf for US$398.5 million (€274.6 million).
Lend Lease grabs stake in Vic town
Lend Lease Corporation has acquired a share in Craigieburn town centre on Melbourne's northern outskirts for $73.5 million.
BHP makes formal bid for Rio Tinto
Read full story for latest details.
Alcoa, Chalco buy Rio Tinto stake ...
AP - Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the...