Virgin Blue's Main Shareholder Gifts Its Stake

In a tough environment for airlines, with fuel costs sky-high, Toll Holdings unable to sell its 62.7% share, which it inherited through a prior takeover, so it offers it to its own shareholders.

Virgin Blue shares plunge after company predicts profit plunge due to fuel costs, competition

Shares of Virgin Blue Holdings Ltd., Australia's second-largest airline, plunged to a record low Monday after the company dropped its annual profit forecast due to rising fuel costs and tough competition.

Toll stuck with Virgin for now

VIRGIN BLUE'S controlling shareholder, Toll Holdings, remains intent on selling its stake in the airline in the longer term despite the failure of an almost year-long hunt for buyers.

Hunt for Virgin Blue buyer

VIRGIN BLUE's majority owner Toll Holdings is considering re-privatising the carrier after efforts to sell its 62.7 per cent stake were frustrated by the airline's rapidly descending share price.

Growth story gets lost in the translation

ASCIANO has flagged plans to raise up to $1 billion via a partial asset sale in order to ease its crippling debts, after stumbling to a humiliating $182 million loss for the year.

Australian stocks hit 32-month low

The Aussie stock market was languishing at a 32-month low at noon as fears of slowing global growth lowered commodity prices and hammered the resources sector.