WorleyParsons steps away from Leighton scandal
WorleyParsons has seized on Leighton Holdings’ bribery allegations to stress the engineering group has “zero tolerance” of corrupt practices amid concerns the scandal could damage its own reputation.
PMP to raise $40m via bond issue
Struggling printing company PMP Limited is hoping to raise $40 million through a bond issue to self managed super funds and high net worth investors, raising questions about the suitability of higher risk investments for retirement savings.
Investors tip $200m into John Sevior’s Airlie
Wealthy investors have backed John Sevior and David Cooper’s investment strategy, tipping close to $200 million into Airlie’s Concentrated Share Fund.
McAleese delays float after grounding tankers
Mark Rowsthorn’s McAleese Group has postponed its initial public offer, telling investors it needed time to assess the financial impact of a decision to temporarily grounds its fuel tankers for safety inspections.
ACCC would look at Westpac-Lloyds deal: Sims
The Australian Competition and Consumer Commission has said it would examine Westpac’s acquisition of Australian assets of Lloyds Banking Group if the financial services firms reach an agreement for a sale.
Peter Hay named Newcrest chairman
Updated | Newcrest Miningis unlikely to escape criticism over a lack of mining experience at board level during its upcoming annual general meeting after replacing its chairman and chief executive.
Cheese deal is ‘business, not politics’
Warrnambool’s local member, Victorian Premier Denis Napthine, said Saputo’s $400 million bid for Warrnambool Cheese & Butter Facory is a commercial matter and should be left to the company and its shareholders.
Farooq Khan and the case of the beachside property
It’s the intriguing question for shareholders of Orion Equities. How long and how often has their executive chairman, Farooq Khan, stayed at a nicely renovated, beachside property purchased on their behalf?
Corporate raider Gary Weiss demands Hillgrove shake-up
Corporate raider Gary Weiss has set his sights on Hillgrove Resources, with his investment vehicle Ariadne Australia demanding a $50 million cash return to shareholders and fresh blood on the board as part of a plan it says will restore the goldminer’s value.
Coles, Woolworths step into the wholesale game
Supermarket chains Woolworths and Coles are augmenting their retail sales by selling directly to smaller rivals and convenience stores – often in breach of agreements with grocery suppliers – highlighting their market power.
What Funke Kupper wants for his self-managed super fund
Elmer Funke Kupper is just as keen as anyone for the planned review of Australia’s financial system to widen the investment options available to SMSF funds.
Biswas stroke of Newcrest fortune
Don Mercer has delivered an agenda for change at the top of Newcrest Mining that goes most of the way to satisfying concerns expressed by the gold company’s major owners. But it is not quite the through refresh his investors have been promoting.
Latest ASX profit reports
| SNZ | 7:39:08 AM |
3Q13 Metrics - Sales of Occupation Rights
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| PAN | 09/10/13 |
Preliminary Stats for September 2013 quarter
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| AWC | 09/10/13 |
Alcoa Third Quarter Earnings Result
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| TRU | 09/10/13 |
TRU - Half Year Report and ASX Appendix 4D
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| TCL | 09/10/13 |
Traffic and Revenue Data - September 2013
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| AAI | 09/10/13 |
Alcoa Announce Third Quarter Earnings
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| DUE | 08/10/13 |
Revised Revenue Tariff Path for Multinet Gas
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| UBI | 08/10/13 |
UBI Business Update
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| ELD | 04/10/13 |
Trading Investigation Update
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| GXL | 04/10/13 |
Acquisition of 72% interest in MVSC
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Aggressive banks a signal to be wary
The real victims of aggressive bank lending are largely the borrowers.
Sinodinos aims high with super reforms
Arthur Sinodinos is doing his best to play down the speed with which the Coalition will reform the corporate governance of superannuation funds.
Newcrest urges chair to name departure date
Newcrest chairman Don Mercer has been asked by some of the goldminer’s most senior owners to set a firm date for his departure as chairman.
Hero Condoms victor in trademark war
If starting a new business isn’t daunting enough, condom company owner Dustin Leonard faced a legal battle with a competitor within months of opening.
Qantas preens feathers, but not for sale
Hype around the delivery of Qantas’ first 787 Dreamliner from Seattle this week is a chance to demonstrate it is not about to become a dinosaur.
Anchor’s a way: how banks hook customers
As society ages, our definition of which institution is ‘my bank’ is more likely to be the one holding our super account.
Australia pays best for MBA graduates
Business administration graduates in this country earn higher salaries than their peers do elsewhere in the world, a new survey on MBA pay reveals.
Kickbacks and bribes for contracts widespread
Leighton is in damage control as, once again, it seeks to defend its reputation against allegations of shoddy corporate governance and poor transparency.
The global assault on Westfield Group
Westfield is facing a challenge to its social, environmental and governance policies from a global coalition of labour and community groups.
Mick Davis is back, and he means business
The former head of Xstrata is armed with $US1 billion of investment to muscle in on a nervous mining sector.
Resources Daily
Peter Hay named Newcrest chairman
Updated | Newcrest Miningis unlikely to escape criticism over a lack of mining experience at board level during its upcoming annual general meeting after replacing its chairman and chief executive.
Iron ore could give investors bumpy ride, says UBS
Investors in iron ore stocks could be in for a roller coaster ride over the next six weeks with spot prices for the commodity potentially set to tumble sharply before recovering shortly later, according to the UBS commodities team.
Companies
Westpac points to risks from policy uncertainty index spike
The fact that bonds and equities investors are seemingly taking news of the prolonged United States government shutdown in their stride is starting to baffle some investment experts at Westpac.
Iron ore could give investors bumpy ride, says UBS
Investors in iron ore stocks could be in for a roller coaster ride over the next six weeks with spot prices for the commodity potentially set to tumble sharply before recovering shortly later, according to the UBS commodities team.
Financial Services
BoQ’s Rose works on limiting surprises
Good news can be bad news, according to Bank of Queensland CFO Anthony Rose. “If you get a surprise, even if it happens to be a good surprise, the question should be: Why didn’t we know that this was going to occur?”
Ariadne sets sights on Hillgrove with proposal by letter
Corporate raider Gary Weiss has set his sights on Hillgrove Resources, with his investment vehicle Ariadne Australia demanding a $50 million cash return to shareholders and changes to the board in a plan which they believe will restore the copper miner’s value.
Marketing & Media
Fairfax in radio merger talks with Macquarie
Fairfax Media would emerge with substantial shareholder and management control if a potential merger of its radio assets with John Singleton’s Macquarie Radio Network comes to fruition.
PMP to raise $40m via bond issue
Struggling printing company PMP Limited is hoping to raise $40 million through a bond issue to self managed super funds and high net worth investors, raising questions about the suitability of higher risk investments for retirement savings.
Enterprise
Offshoring has happy ending in Manila
Micro businesses are getting in on the trend of outsourcing to boost profits and fund growth.
Hero Condoms victor in trademark war
If starting a new business isn’t daunting enough, condom company owner Dustin Leonard faced a legal battle with a competitor within months of opening.
