GPT Group
GPT accounts for changes and costs
GPT Group says finance costs tied to the changes in its credit ratings by ratings agencies have been accounted for in the assumptions underlying its guidance.
Takeover talk not surprising: GPT chief
GPT Group chief executive Nic Lyons says it's not surprising the property trust has been the target of takeover talk, given its strong portfolio of assets.
GPT cuts income guidance to $464m
GPT Group cut its guidance for full-year operating income to $464m from $633m due to the deterioration in global credit markets.
07/07/08
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GPT shares slump to 24-year low
GPT shares drop further after the company's credit rating is lowered.
07/09/08
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GPT slashes earnings forecast
Property trust GPT Group cuts its guidance for full-year operating income to $464 million from $633 million.
07/07/08
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GPT aims to raise $900m from hotel...
Listed property trust GPT Group has put its landmark tourism and hotel portfolio, featuring some of Australia's key resorts, up for sale.
07/18/08
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Top Australian resorts up for sale
Voyages Hotels & Resorts has announced that its parent company, the GPT Group, will divest its hotel and resort portfolio.
07/18/08
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Property portfolio for sale: report
Listed property trust GPT Group has put its landmark tourism and hotel portfolio, featuring some of Australia's key resorts, up for sale.
07/17/08
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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.
Lend Lease revises expectations
LEND LEASE has joined the growing list of property groups to issue a 10 to 15 per cent profit downgrade for 2008-09 and to flag asset sales - this time due to the collapsing British housing market.
Diary lightens up for Liz
Michael Evans knows Queensland is beautiful one day, perfect the next.
08/10/08
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Mirvac hammered as chief steps down
Mirvac Group fell by the most in three weeks in Sydney trading after the company said managing director Greg Paramor will step down next month.
07/28/08
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Second day of heavy falls hits...
The sharemarket added to Monday's heavy losses, after falls in the financial sector dragged it to its lowest since August 2006.
07/08/08
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Kill the competition: Branson fishes...
Welcome to today's round-up of business news from The Times: what we're saying
07/07/08
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Market to dip after US fall
The share market is expected to open lower after US equities decline as financial companies fall on concerns they may have to raise more capital.
07/07/08
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Australian shares likely to head lower
The Australian market is expected to open lower following a fall on Wall Street after the Fed trims interest rates but leaves unclear the outlook for further rate cuts.
04/30/08
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Australand profit slashed by property downturn
Australand Property Group has reported a 79% fall in first half profit after the company wrote down the value of some projects due to the downturn in the residential real estate market.
Westpac office trust valuations down
Westpac Funds Management's office trust says $31.3 million has been wiped from the valuation of its portfolio during the second half of the 2008 financial year.
Centro seeks bids for 25 malls
Centro Properties Group said it is seeking bids for 25 of its shopping centres, but hopes to retain at least 50% ownership in them to retain management and leasing control.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
02/27/08
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Stocks tipped to rise for third day
Shares are set to rise, buoyed by another advance on Wall Street.