Suncorp in the dark over share price spike
March 11, 2008
The Australian Securities Exchange has issued a ''please explain'' to Queensland-based banker and insurer Suncorp Metway Ltd over the sudden surge in its share price.
Suncorp can't explain share price surge
The Australian Securities Exchange has issued a "please explain" to Queensland-based banker and insurer Suncorp Metway over the sudden surge in its share price.
Another internet party would not be excessive
INVESTORS aren't betting on a vast array of bids to be placed on the table for a national broadband network when the tender process opens early next month. In fact, some are struggling to envisage anyone other than Telstra or the Optus-led G9 consortium placing credible proposals before the Federal Government's expert panel.
Stormy times at Suncorp
The storms in the weather and the markets have cost Suncorp some $800 million and job cuts loom.
08/04/08
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Suncorp raids kitty for payout
Suncorp will dip into its cash reserves to pay a flat final dividend, after warning that its full-year net profit will fall as much as 50 per cent.
Suncorp gets thumbs up from S&P
Suncorp lifted some of the gloom surrounding insurers, garnering support from S&P for its $8b acquisition of Promina.
07/18/08
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Bleak forecast for Suncorp
Storms in the weather and in the markets have cost Suncorp about $800 million ... and there could be worse to come.
08/04/08
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Suncorp bank sale unlikely: Merrill
A sale of Suncorp's bank is unlikely, despite mounting funding challenges, because the firm sees banking as its central business, Merrill Lynch says.
Westpac's issue of convertible shares...
Westpac's $600 million convertible preference share issue is the third from a major financial group in a month-and-a-half but it won't be the last.
Westpac deal raises hopes of Australia bank shake-out (Reuters)
Reuters - The largest banking takeover in Australia's corporate history has spurred investors to pile into shares of smaller banks in the hope of a sector shake-out.
Babcock seeks debt reprieve
Babcock & Brown will seek a reprieve from its bankers over the review of a $2.8 billion debt facility that was triggered by the collapse in its share price.
Banks lead way as shares climb
The Australian sharemarket closed higher yesterday as Westpac's proposed takeover of St George enlivened the banking and financial services sector.
Stocks to watch
Stocks of interest of the Australian Stock Exchange today.
Stock market ends lower
The Australian share market finished in negative territory for the first time this week, with the banks weighing down the bourse.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
IAG says still in dispute over NTI stake
IAG says it is still in dispute with rival Suncorp Metway over the acquisition of the 50 per cent of truck insurer NTI that it does not already own.
02/29/08
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QBE's big hit on IAG
Michael Hawker, the former Wallaby and chief executive of IAG has been crash-tackled by QBE's Frank O'Halloran with a generous takeover bid.
Australian Banks Set for Shakeup
Westpac approached St. George with an over $14.15 billion offer that would shake up Australian banking, as the sector is squeezed by a rise in overseas funding costs and tighter interest rates at home.
Australian Banks Set for Shakeup
Westpac approached St. George with an over $14.15 billion offer that would shake up Australian banking, as the sector is squeezed by a rise in overseas funding costs and tighter interest rates at home.
Shares fall to 18 month low
Shares fall 1.3% to an 18 month low, as fears of a US recession linger.
Never rains but it pours if you're an...
The forecast is worrying for insurance executives as stormy weather returns.
BankWest quiet on sale rumours
BankWest refuses to deny speculation that its British parent is considering selling it.
$A tipped to drop to US 0.85c in months
The Australian dollar may fall seven per cent in the next two months as commodity prices weaken and global equities decline.
Stocks end sharply down
Australian shares fell sharply on Monday to its lowest close in 18 months with around $27 billion wiped off the local bourse.
ASX quizzes QBE on share frenzy
HEAVY buying by institutional investors and hedge funds is thought to be behind a sudden spike in the share price of global insurer QBE which prompted an inquiry by the market...