Mackenzie undeterred on potash, backs shale
BHP Billiton chief executive Andrew Mackenzie has held firm to the mining major’s ambitions in potash and shale oil and gas, while challenging Australian policymakers to take urgent action to improve productivity at home.
PPT, Indian giant near back-office deal
Listed fund manager Perpetual and Indian giant Tech Mahindra are expected to sign a deal involving the outsourcing of about 100 roles understood to be in the superannuation side of the business.
BWP Trust to launch $150m to $200m raising
BWP Trust has entered a trading halt, ahead of a $150 million to $200 million capital raising to purchase a number of properties from controlling shareholder Wesfarmers.
Fortescue chairman says Pilbara assets still for sale
Fortescue Metals Group chairman Andrew Forrest said the company was resolved to sell a minority interest in its Pilbara port and rail infrastructure assets so long as it could get good price.
Super sector to pass banks as capital allocator
Australia’s superannuation sector will soon surpass the banks as the nation’s key allocator of capital – a profound shift in the nations’ financial landscape.
Macquarie Group appoints Patricia Cross to board
Macquarie Group has stepped up efforts to refresh its board, appointing Patricia Cross as an independent non-executive director, effective Wednesday.
China a challenge for cheap flight providers
Conditions at Chinese airports are making it tough for low-cost airlines such as Jetstar, AirAsia and Scoot to run profitable operations.
ANZ sails past capital raising target to $1.12bn
ANZ Banking Group has raised $1.12 billion from investors via its capital notes offering, surpassing the $1 billion target it set when the deal was launched last month.
News Corp misses out as Fox invests in cable sports
Updated | Rupert Murdoch’s 21st Century Fox is expected to scale back the $US10 billion ($11.2 billion) share buyback program of the old News Corp as Fox reinvests more than $US350 million to stimulate further growth for its cable TV and US broadcast TV divisions.
Independent grocers’ sales lag
Data released this week show that Metcash IGA and other independent supermarkets are bearing the brunt of falling grocery prices, cautious consumer spending and healthier eating habits.
No rush to repatriate Investa to US
Investa’s new chief executive for its office business, Campbell Hanan, has some big decisions ahead of him.
Latest ASX profit reports
| AUT | 07/08/13 |
Second Quarter 2013 Financial Results
|
| BPT | 07/08/13 |
Monthly Drilling Report - July 2013
|
| LMW | 07/08/13 |
Preliminary Final Report amendment to dividend table 2.25 c
|
| LMW | 07/08/13 |
Preliminary Final Report
|
| FXL | 07/08/13 |
Appendix 4E
|
| FOX | 07/08/13 |
Twenty-First Century Fox, Inc. (FOX) 4Q13 Earnings
|
| LNG | 06/08/13 |
Magnolia LNG Project Approval Process
|
| BGL | 06/08/13 |
BigAir announces acquisition of Intelligent IP
|
| CCP | 06/08/13 |
Credit Corp Group Appendix 4E June 2013
|
| COH | 06/08/13 |
Full Year Statutory Accounts
|
After the split, the power of two
You could almost hear the relief in Chase Carey’s voice during the first annual earnings call for Twenty-First Century Fox.
Banks must become more tech-savvy
Forecaster Peter Brain says the big four may have a survival fight if they don’t respond to threats from PayPal, Google, Apple and Samsung.
MUA flouts offshore realities
The offshore marine sector is a mission critical services bottleneck that is being routinely squeezed to extract excessive wages.
Trust needed for next round of mining capex
Analysts at Deutsche Bank have echoed the concerns of other investors over the mining industry’s capital programs.
Payments reform at crucial stage
More than a dozen players in the payments industry are taking skills and pitching them to merchants, banks, the payment schemes and telcos.
For Telstra, this may be as good as it gets
Telstra has been transformed under chief executive David Thodey, with the company’s shares trading near record highs.
Why the government is on right track
Banks objects to moves to pre-fund Australia’s deposit insurance – but it would provide certainty, is affordable and is the right decision to make.
Australia has ammunition in the tank
When Willem Buiter, one of the world’s leading bank economists visited Australia this week, he delivered an essentially optimistic message.
Blackstone boss driven by opportunities
In 2007, Jon Gray did the biggest real estate deal in history, buying the $US39 billion Equity Office Properties real estate investment trust.
Resources Daily
Fortescue chairman says Pilbara assets still for sale
Fortescue Metals Group chairman Andrew Forrest said the company was resolved to sell a minority interest in its Pilbara port and rail infrastructure assets so long as it could get good price.
WA’s Royalties for Regions in the firing line
The West Australian Nationals’ precious Royalties for Regions program is facing cuts as the Barnett government trims its cloth to suit constrained economic conditions.
Companies
Cable guys move to join forces
Cable operators plan to consolidate their industry, investing in new infrastructure and deploying innovative technologies. The moves would also give the cable operators and other pay-television operators more sway in negotiations with TV programmers.
Washington Post Co should keep selling after Amazon disposal
After its disposal of one of the US’s most iconic newspapers to online retailer Amazon, The Washington Post Company could now sell its more valuable TV companies.
Financial Services
Westpac outcuts RBA rate
Westpac has lowered its standard variable home loan rate by 0.28 percentage points, more than the RBA’s 0.25 percentage point cut. It has also cut its one-year fixed rates by 0.45 percentage points to 4.99 per cent and its two-year fixed loans by 0.10 percentage points to 5.09 per cent.
Ridout says super has role in owning infrastructure assets
The chair of the nation’s largest superannuation fund has called on governments to follow the lead of New South Wales by selling existing assets to finance new infrastructure.
Marketing & Media
News Corp misses out as Fox invests in cable sports
Updated | Rupert Murdoch’s 21st Century Fox is expected to scale back the $US10 billion ($11.2 billion) share buyback program of the old News Corp as Fox reinvests more than $US350 million to stimulate further growth for its cable TV and US broadcast TV divisions.
After the split, the power of two
You could almost hear the relief in Chase Carey’s voice during the first annual earnings call for Twenty-First Century Fox.
Enterprise
Small business sets out election wish-list
Certainty, confidence, one minister and no hung parliament is what Australian small business has demanded from both sides of politics.
Who you gonna call? Tradebusters links customers with quality tradies
Accountant-turned-entrepreneur Laorence Nohra is expecting her Tradebusters business to double project revenue annually as she adapts a business model proven offshore to a local market lacking in quality “tradie” referrals.
