Babcock CEO, Chairman Step Down
Babcock & Brown unveiled a major overhaul of its board and management but failed to stem the drop in its share price due to continued concerns about its financial position.
ASX closes lower after financials fall
The Australian share market closed lower after falls from the financial sector, with Babcock & Brown suffering a heavy loss amid a drop in interim profit.
Australian stocks lower at noon
The Australian share market was lower at noon by less than one per cent, with utilities and financials the main laggards.
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.
Aussie sharemarket closes stronger
The Australian share market closed moderately stronger driven by an improvement in financial stocks and a positive lead from Wall Street.
Aust stocks up moderately at noon
The Australian share market was up moderately at noon as the metals & mining and energy sectors lifted, but utilities fell.
Babcock Wins Reprieve From Lenders
Babcock & Brown won a reprieve from its lenders, which removed a market capitalization clause attached to its debt facility and waived the right to review the asset management firm's ability to repay $2.67 billion in loans.
Babcock Wins Reprieve From Lenders
Babcock & Brown's lenders removed a debt clause and waived their right to review its ability to repay $2.7 billion in loans.
ASX close flat as bank gains offset
The Australian share market closed flat as a rally in banks and property trusts, triggered by a positive US lead, offset falls in mining and energy stocks.
Financials lead Australian stocks higher
The Australian stock market was higher at noon, led by the financial sector and a strong US lead.
Commander bet the house, and lost
COMMANDER Communications' lenders have called in the corporate paramedics in an attempt to revive what only two years ago was Australia's fourth biggest telecom.
08/08/08
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Stocks dive on US slump
The share market opens lower after US and European stocks slump.
Banks pull shares higher
The Australian share market opens higher after US stocks gain as the Federal Reserve keeps interest rates unchanged.
Base metals lead market into the red
THE sharemarket was dragged into the red by mining giants Rio Tinto and BHP Billiton, which fell heavily in response to lower base metals prices overnight.
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
Aussie stocks higher, led by resources
The Australian share market closed firmly in the black, driven by the resources sector after the commodities index recorded its biggest weekly gain in 33 years.
Battered stocks pare back losses
THE sharemarket recovered from earlier losses yesterday but still ended marginally in the red - taking its lead from a rout on Wall Street over the weekend.
Market ends in sea of red as crude...
The sharemarket closed firmly in the red yesterday, with losses across all sectors after lower crude oil prices and continuing concerns about the state of credit markets.
Asian markets drop as China's key...
Asian stock markets sank Tuesday, with China's most-watched index plunging 7.7 percent as investors reacted to the country's latest move to tighten credit and restrain inflation.
Banking tremor in US shakes sharemarket
THE sharemarket fell sharply yesterday after banking stocks were hit by more bad news from US investment bank Lehman Brothers and there was a late sell-off of resources stocks.
Asian markets drop as China's key...
Asian stock markets sank Tuesday, with China's most-watched index plunging more than 8 percent as investors reacted to the country's latest move to tighten credit and restrain...
Allco fallout hits Challenger, Babcock
The pains of Allco Finance Group spread to the financial sector amid suspicions that other firms could be forced to sell holdings to meet margin calls.
Resources pulled down by oil slide
The Australian sharemarket closed weaker yesterday as lower prices for oil and base metals pulled back the global miners BHP Billiton and Rio Tinto.
Ah, it's the old 'help me to help...
Octaviar Ltd has changed its name and its management but its financial fortunes remain the same - dire.