Brokers stay neutral on Babcock
Babcock & Brown should reap enough from the planned sale of wind power assets to pay down debt and meet its calendar 2008 earnings guidance, a brokerage said.
B&B chief nets $22m in tough year
THERE was no credit crisis when determining the pay packet of Babcock & Brown's chief executive, Phil Green, for 2007, with the beleaguered boss landing $22.1 million in cash and shares.
Babcock's jig is up
The writedowns have begun, corporate finance has been axed, and a fire sale of assets is now on. Babcock's survival hinges on this.
Safe haven turns sour
It's a case of broken trust, as property fund investors find their funds were geared up to risky levels and sunk into overseas ventures.
Babcock disaster looms
Phil Green and his crew are working frantically in the engine room to avert disaster. They have two levers left to pull.
Babcock's credibility has gone
The plight of Babcock & Brown can be put down to a loss of confidence in management.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Commander not in command
Even before the credit market meltdown mid-last year, Commander was struggling under a terrific weight of bank obligations.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
BBP assign UBS to review takeover offers
Babcock & Brown Power Ltd (BBP) said it would consider a range of options when asked if it had received any takeover offers for the whole business.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Stocks to watch
Stocks of interest on the Australian stock exchange today.
ASX edges higher as oil and gold rises
The Australian share market nudged a little higher after closing relatively flat last week as gold and oil prices rose.
Babcock Power flags $425m in writedowns
Babcock & Brown Power Ltd (BBP) has declined to say whether expressions of interest in its business include a possible full takeover offer.
Babcock Power shares sink
Debt-laden specialist fund announces that it will book writedowns in fiscal 2008 worth $452 million, sending its securities plunging 32%.
BJT sees FY09 distributions as steady
Babcock & Brown Japan Property Trust (BJT) has forecasts its total distributions in fiscal 2009 to stay steady after it posted a modest fall in annual profit.
B&B Power book writedowns worth $452m
Babcock & Brown Power Ltd (BBP) has announced that it will book writedowns in fiscal 2008 worth $452 million, sending its securities plunging 32 per cent.
Babcock Japan Trust reveals drop in net profit
BABCOCK & Brown Japan Trust (BJT) has forecast a steady year ahead after yesterday reporting a marginal decline in full year net earnings to June 30, 2008, because of the global credit crunch and its impact on the property sector.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Airbus, Boeing secure...
Airbus announces $US11 billion in orders on the first day of the Farnborough International Air Show while rival Boeing disclosed $US3.78 billion in new business.
Ratings rub the shine off
Michael Evans looks to the stars for this week's guidance.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Challenger considers de-listing funds
Challenger Financial Services Group will consider de-listing its property and infrastructure funds after their poor share market performance.
Debt undermines Allco house of cards
David Coe has one of the best brains in business, but he could not figure out how to get the market to love him. Now he is talking to his bankers as he fights for Allco's...
Stocks to watch
Stocks to watch on the Australian Stock Exchange:
02/21/08
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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.