Australian Company News
27 March 2009 (Friday) |
| ALS
| ALESCO CORPORATION
| Beneath the bounce (The Sydney Morning Herald) Investors' willingness to take more of a punt also seems to have benefited Alesco, but that does not mean it has answered its longer-term challenges... |
| ANZ
| AUSTRALIA AND NEW ZEALAND BANKING GROUP
| In the ruck (The Sydney Morning Herald) Talk of ANZ being at the head of the queue for the Royal Bank of Scotland's unwanted Asian operations may be a little premature, Citi analysts say... |
| BBI
| BABCOCK & BROWN INFRASTRUCTURE GROUP
| Babcock appoints Macquarie for sale of flagship asset (The Sydney Morning Herald) BABCOCK & BROWN Infrastructure signalled yesterday that it was willing to consider offers for the whole of its flagship asset after it appointed its main investment bank rival to its one-time parent company to oversee the sale process... |
| BHP
| BHP BILLITON
| A smile in the gulf (The Sydney Morning Herald) Most of BHP Billiton's new oil and gas projects in the deepwater Gulf of Mexico have had setbacks in recent years - delays, cost blow-outs, hurricanes, structural problems and the need for water injection... |
| BKW
| BRICKWORKS
| Stimulus package to bolster Brickworks (The Sydney Morning Herald) THE brick and tile producer Brickworks, whose headline profit jumped after the sale of a coal mine, is confident the Federal Government's $42 billion stimulus package will boost its struggling building products arm... |
| BNB
| BABCOCK & BROWN
| Babcock appoints Macquarie for sale of flagship asset (The Sydney Morning Herald) BABCOCK & BROWN Infrastructure signalled yesterday that it was willing to consider offers for the whole of its flagship asset after it appointed its main investment bank rival to its one-time parent company to oversee the sale process... |
| CBA
| COMMONWEALTH BANK OF AUSTRALIA
| Kelly concedes recession is inevitable (The Sydney Morning Herald) IF FIVE months have proved to be a long time in banking, then the past five weeks have been equally tortuous... |
| CBR
| CONSTELLATION BRANDS, INC
| Constellation warns of job cuts (The Sydney Morning Herald) THE prospect of further cost savings at the Australian operations of Constellation Wines emerged yesterday after the US beverages giant warned that weaker sales in two of its biggest regional markets would force it to cut 5 per cent of its 9000-strong global workforce... |
| FLT
| FLIGHT CENTRE
| Flight Centre added to the recovery squadron (The Sydney Morning Herald) FLIGHT CENTRE has benefited from investors' willingness to take on more risk... |
| FXR
| FOX RESOURCES
| Fox hunting (The Sydney Morning Herald) They do corporate governance a little differently across the Nullarbor. Consider the proposed takeover of the West Australian minerals explorer Hannans Reward by Fox Resources... |
| HNR
| HANNANS REWARD
| Fox hunting (The Sydney Morning Herald) They do corporate governance a little differently across the Nullarbor. Consider the proposed takeover of the West Australian minerals explorer Hannans Reward by Fox Resources... |
| ILU
| ILUKA RESOURCES
| Uncertain outlook sees Iluka take axe to jobs (The Sydney Morning Herald) ONE of the best performing mining stocks of recent months, Iluka Resources, is starting to feel the effects of the global financial crisis on its sales... |
| MQG
| MACQUARIE GROUP
| Babcock appoints Macquarie for sale of flagship asset (The Sydney Morning Herald) BABCOCK & BROWN Infrastructure signalled yesterday that it was willing to consider offers for the whole of its flagship asset after it appointed its main investment bank rival to its one-time parent company to oversee the sale process... |
| RIO
| RIO TINTO
| How Beijing holds sway over Chinalco (The Sydney Morning Herald) RIO TINTO has shrugged off concerns that its prospective partner and major stakeholder, Chinalco, is under the direct control of the Chinese Government... |
| TLS
| TELSTRA CORPORATION
| Telstra chairs (The Sydney Morning Herald) The game of musical chairs at Telstra continues... |
| TLS
| TELSTRA CORPORATION
| Telstra maintains rage on broadband (The Sydney Morning Herald) TELSTRA'S chief financial officer has urged investors to ignore "analyst and media scaremongering" about the company's future as a decision on who will build the national broadband network draws closer... |
| TSE
| TRANSFIELD SERVICES
| 'Fiscal package is working' (The Sydney Morning Herald) THE new chief executive of Transfield Services, Peter Goode, says a wave of public infrastructure spending is already helping to revive projects threatened by funding shortages... |
| VBA
| VIRGIN BLUE HOLDINGS
| Five spares (The Sydney Morning Herald) Virgin Blue's decision to ground five Boeing 737 aircraft last month will remove 28 daily flights from a total of 330 domestic services... |
| WDC
| WESTFIELD GROUP
| Jet boosts Lowy package as Westfield chiefs take pay cut (The Sydney Morning Herald) FRANK LOWY and his executives at Westfield have taken pay cuts, the group's annual report for 2008 says... |
| WDC
| WESTFIELD GROUP
| Rarefied heights (The Sydney Morning Herald) It doesn't matter how you get a pay rise. So what if Frank Lowy's $400,000 top-up to his salary to $16.2 million last year was largely attributable to his extra use of the corporate jet? It topped $1 million. Frank calls his planes essential "business tools". A bit like HB pencils. No point letting record fuel prices stop a chap's love of travel. The friends of Frank, aka the Westfield board, did not suffer for their service this year - Gary Weiss ($193,000), Fred Hilmer ($223,000) and David Gonski ($213,000) also got rises.... |