Price not only hurdle for Wilmar
Comment: Plenty of shareholders would welcome the opportunity to be taken out of Goodman at a reasonable price but many consumers will not like the local company falling into foreign hands.
Stock Ticker
- AGK AGL ENERGY LIMITED 0.82%
- AIO ASCIANO LIMITED -0.74%
- AMC AMCOR LIMITED 0.88%
- AMP AMP LIMITED -0.78%
- ANZ ANZ BANKING GRP LTD 0.78%
- APA APA GROUP 0.00%
- ASX ASX LIMITED 0.00%
- AZJ AURIZON HOLDINGS LTD 0.38%
- BHP BHP BILLITON LIMITED -1.07%
- BXB BRAMBLES LIMITED 1.06%
- CBA COMMONWEALTH BANK. 0.71%
- CCL COCA-COLA AMATIL 0.64%
- CFX CFS RETAIL TRUST GRP -0.98%
- CPU COMPUTERSHARE LTD 0.24%
- CSL CSL LIMITED 0.02%
- CWN CROWN RESORTS LTD -0.42%
- DXS DEXUS PROPERTY GROUP 0.44%
- FMG FORTESCUE METALS GRP -4.12%
- FOX TWENTY-FIRST FOX INC -0.15%
- GMG GOODMAN GROUP 0.40%
- GPT GPT GROUP 0.51%
- IAG INSURANCE AUSTRALIA 1.59%
- ILU ILUKA RESOURCES 0.23%
- IPL INCITEC PIVOT -2.06%
- JHX JAMES HARDIE INDUST -0.29%
- LLC LEND LEASE GROUP -1.15%
- MGR MIRVAC GROUP 1.14%
- MQG MACQUARIE GROUP LTD 0.99%
- NAB NATIONAL AUST. BANK 0.50%
- NCM NEWCREST MINING 4.78%
- ORG ORIGIN ENERGY 0.27%
- ORI ORICA LIMITED -0.82%
- OSH OIL SEARCH LTD -0.56%
- QBE QBE INSURANCE GROUP -0.75%
- RIO RIO TINTO LIMITED -1.46%
- SGP STOCKLAND 0.78%
- SHL SONIC HEALTHCARE -0.50%
- STO SANTOS LTD 0.90%
- SUN SUNCORP GROUP LTD 0.61%
- SYD SYD AIRPORT 0.71%
- TCL TRANSURBAN GROUP 0.00%
- TLS TELSTRA CORPORATION. 0.39%
- TOL TOLL HOLDINGS LTD -0.75%
- WBC WESTPAC BANKING CORP 0.22%
- WDC WESTFIELD GROUP 1.11%
- WES WESFARMERS LIMITED -0.11%
- WOR WORLEYPARSONS LTD -0.12%
- WOW WOOLWORTHS LIMITED 1.99%
- WPL WOODSIDE PETROLEUM 0.42%
- WRT WESTFIELD RETAIL TST -0.62%
Key Stories
need2know: Stocks poised for higher open
Local stocks are poised to open higher after an afternoon rally on Wall St.
Hockey signs US bank deal
Australia and US to share more information on bank accounts under new tax agreement.
Village tackles Google over piracy laws
Village boss lashes search engine for paying little tax and 'producing little' in Australia.
Malaysia Airlines faces breakup
The disappearance of Malaysian Air flight 370 may hasten a breakup of the 67-year-old unprofitable airline.
FlexiGroup hopes to join the top 100
Group aiming for $200 million in net profits by 2020, nearly triple its 2013 earning.
Banks slash lending to Indonesia, India
Australian bank exposure to India and Indonesia falls by more than $US4.7 billion.
- Business Disasters Inquiry sparks disaster funding fears
- Business Floats Spotless receives clean bill of health
- Aviation Aviation Qantas boost from Modern Family
- Property Property HSBC tipped to take key Barangaroo lease
Market Indices
Last updated: April 28, 2014 - 4:40PM
Last updated: April 28, 2014 - 6:01PM
Last updated: April 29, 2014 - 7:16AM
Last updated: April 29, 2014 - 2:00AM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.9261 | 0.03% |
| Euro | |
| 0.6688 | 0.03% |
| British Pound | |
| 0.5510 | 0.02% |
Need 2 Know
need2know: Stocks poised for higher open
Local stocks are poised to open higher after an afternoon rally on Wall St.
In Depth
Banks face land grab claims
Australia's major banks are funding large-scale illegal "land grabs" in the developing world and enabling illegal logging, child labour or other human rights abuses.
Padbury's $6.4b man raises questions
Mystery surrounds Roland Bleyer, the man funding the iron ore tiddler's Oakajee deal.
Apple can't settle for maturity
Another quarterly earnings report and another bout of wailing from diehard Apple followers.
Trading Room
Risky business: PE floats not always as they seem
You can't blame private equity (PE) for selling dud floats to ignorant investors.
'Actively disengaged': Why you hate your job
Look at the co-worker to your left. Now, to your right. At least one of them hates their job. Maybe you do, too.
Business News Wire
Markets
US stocks end higher on rocky day
The S&P; 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares.
European stocks end higher on AstraZeneca
European stocks have risen with the pharmaceuticals sector given a shot in the arm by news of US giant Pfizer's $A108.14 billion merger offer for British rival AstraZeneca.
Rising Kiwi pressuring the Aussie dollar again
Search Quotes & Charts
The Economy
Australia's business confidence falling
Australian businesses are less confident about the future than they were at the end of last year, a new report has found, with many worried about higher interest rates and an Australian dollar that is still too high.
Tourism investment on the rise
The investment pipeline for Australian tourism grew by $5.2 billion to $49.4 billion in 2013, but most of the gains were from the weaker Australian dollar.
- Economy Interest rates on hold as inflation cools
- Malcolm Maiden Softer CPI offers a little breathing room, for now
- Saving More Aussies breaking their piggy banks
- Property Triguboff ponders $3b offer from China
- Hockey Government 'risks' RBA's independence
- Titles Business chiefs play knights and dames
Retail
Goodman Fielder receives takeover offer
Wholesale food supplier Goodman Fielder has received what it calls an ‘opportunistic’ takeover offer following a profit downgrade and the warning of further write-downs in the near future.
Demerger price suits all but Westfield Trust security holders
The Westfield demerger is a brilliant deal for shareholders in the Westfield Group, not to mention the Lowy ruling family and its phalanx of advisers.
Banking & Finance
Hockey signs US bank deal
Australia and US to share more information on bank accounts under new tax agreement.
Banks slash lending to Indonesia and India
Australian bank exposure to India and Indonesia falls by more than $US4.7 billion.
- Earnings Higher dividend reward for bank shareholders
- Banks face land grab claims in developing world
- Superannuation Call for board independence to cover retail super funds
- Clancy Yeates Banks break their mortgage rate promise
- Lending Analysts raise fears as households step up debt
- Floats Genworth's parent to hold stake after float
Mining & Resources
Leviathan partners won’t wait for Woodside
The US company heading up the Leviathan gas venture in Israel has signalled that it will not hold up its own efforts to develop the giant resource waiting for Woodside Petroleum to complete its delayed entry into the project.
Ex-Xstrata chief Mick Davis eyes BHP assets
Former Xstrata boss Mick Davis is seeking a loan of up to $US8 billion to help bankroll an acquisition of BHP Billiton non-core assets through his new private equity vehicle X2 Resources, according to The Sunday Times.
World Business
Pfizer continues to pursue AstraZeneca takeover
US drugs titan Pfizer is pursuing plans for a blockbuster merger with British rival AstraZeneca to fuel cancer treatments despite having a $US100-billion ($A108.07 billion) bid rejected, the pair revealed on Monday.
Japan retail sales grow at fastest pace in 17 years
Japanese retail sales rose in March at their fastest pace in 17 years as consumers went on a shopping spree before a national sales tax hike took effect
China
Decline of the yuan provides a headache
As Barack Obama visits Asia in a bid to shore up US alliances, he faces an emerging challenge from China, whose currency has experienced a gradual but unrelenting decline over the past 10 days.
Australia set to benefit from China's beef demand
China will have to increase its beef imports by up to 20 per cent a year for the next five years to meet its surging demand for protein, rural lender Rabobank says.
Property Focus
Pembroke on track with 20 Martin Place project
Pembroke Real Estate is fielding a number of parties to lease its 20 Martin Place redevelopment.
Stockland set to sweeten offer for Australand
Expectations are mounting that diversified property developer and landlord Stockland will rejig its $2.4 billion informal offer for Australand, probably by adding a cash component to the all-share deal.
Demerger price suits all but security holders
The Westfield demerger is a brilliant deal for shareholders in the Westfield Group, not to mention the Lowy ruling family and its phalanx of advisers.
Airport boom in the west
- Property Overseas shops attract others to Melbourne CBD
- Property Australand rejects $2.4b Stockland offer
- Elizabeth Knight Contenders enter ring over Australand takeover
- Demand Investors queuing up for bus depot sale
Vancouver shows how to do density
China's property dragons are just warming up
Michael Mai believes the surge of Asian investment in Australian property has a long way to run.
Executive Style
Ten rookie style mistakes men make
You can become a sartorial savant. The first step is admitting you have a problem.
Money
Fabrics that never fade
Textiles from sought-after modernist artists are being snapped up for thousands of dollars.
Sharemarkets rigged by trading robots
High frequency trade has been likened to legalised scalping. Gazumping more like it.
Small Business
Are business coaches a waste of time?
It seems everyone who's anyone has one - but are they gifted gurus or snake oil salesmen?
What staff want from bosses
Hint: It's starts with good communication and ends with recognition of a job well done.
Business Video
Business Week: budget bubbling
The start of the Commission of Audit week as the budget build up continues with leaks inspired and otherwise.
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Comment & Analysis
Diva Radhika Oswal burnt by freezing order
Buying Goodman won't be easy for Asian consortium
Banks break their mortgage rate promise