Transurban to raise almost $1 billion
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Amcil reports 49% rise in profit
Amcil has reported a 49 per cent rise in annual profit and says it has entered the new financial year with a high level of cash to invest.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today:
Transurban to raise almost $1 billion
June 19, 2008
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Analysts warn of Transurban 'takeover'
Disappointed investors cut almost 15 per cent off the value of Transurban Group after the toll roads operator signalled cuts to its future distribution payouts.
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.
Transurban tolls and fees pay off
Toll road operator Transurban Group has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Santos dodges takeover talk
Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
05/02/08
Similar news about Santos Ltd.
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BHP Billiton executives say Rio Tinto...
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Shares of BHP Billiton, Rio Tinto...
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover...
Transurban shares drop after restructure
A capital restructure by toll road operator Transurban Group involving a near $1 billion capital raising and a cut to distributions has received mixed reviews.