Debt shadows Babcock & Brown
March 5, 2008
BABCOCK & Brown Infrastructure has fuelled market fears that it is struggling to manage its heavy debt load after saying it will sell some of an asset it bought less than three months ago.
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.
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.
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.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Babcock & Brown raises Tricom exposure
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
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 ups exposure in troubled Tricom
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Embattled Babcock & Brown Makes Big Rail Deal
In the midst of an investor crisis of confidence in the Australian investment firm, it leads consortium to purchase Angel Trains, a U.K. railcar leasing firm, from RBS.
Australian investment firm Babcock & Brown faces potential lender review
Babcock & Brown Ltd.'s shares fell as much as 32 percent Friday on concerns about its debt position, despite Australia's second largest investment bank clinching a US$7 billion deal to buy Britain's Angel Trains.
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
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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Babcock & Brown lifts stake in...
Brisa-Auto Estradas de Portugal, the country's biggest highway operator, says Babcock & Brown increases its stake in the company to 15%.
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.
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...
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.
Australian investment firm Babcock & Brown faces potential lender review
Investment firm Babcock & Brown Ltd. faces a potential review by lenders after its shares fell 28 percent Thursday, making it the latest Australian company to grapple with rising concerns over debt and tight global credit markets.
Babcock & Brown considers assets sales
Babcock & Brown Infrastructure is considering selling non-core assets and reducing its $2.4 billion investment in the owner of a natural gas pipeline in the US.
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
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Babcock pledges cash for B&B Power
Babcock & Brown is prepared to help Babcock & Brown Power with funding if the banks don't.
Babcock satellite's voyage in the rough
Babcock & Brown's leveraged infrastructure model is bound to come under further pressure this week following Friday's dramatic events in satellite group Babcock & Brown Power.
Babcock to stick with external oversight
THE Babcock & Brown chief executive, Phil Green, gave every impression yesterday that he had listened to investors' fundamental concerns as he launched a review of listed...
RBS sells rolling stock company to...
Royal Bank of Scotland has sold Angel Trains to a consortium led by Babcock & Brown's European infrastructure fund in a deal that values the rolling-stock leasing business...
Shorts fuse at Babcock & Brown
Phil Green had his dander up. He raised his voice and began thumping the table in the Babcock & Brown board room. It was a nice change from the normal drudgery of a profit...