Chevron exits Caltex Australia in record $4.61b block trade
US oil major Chevron has decisively taken the long-awaited step to exit Caltex Australia, selling its 50 per cent stake for $4.62 billion in the country's biggest ever block trade.
Stock Ticker
- AGL AGL ENERGY LIMITED. 3.938%
- AIO ASCIANO LIMITED 0.0%
- AMC AMCOR LIMITED 0.643%
- AMP AMP LIMITED 0.0%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1.099%
- APA APA GROUP 2.486%
- ASX ASX LIMITED -0.856%
- AZJ AURIZON HOLDINGS LIMITED 0.409%
- BHP BHP BILLITON LIMITED -0.097%
- BXB BRAMBLES LIMITED 1.674%
- CBA COMMONWEALTH BANK OF AUSTRALIA. 0.533%
- CCL COCA-COLA AMATIL LIMITED 1.033%
- CPU COMPUTERSHARE LIMITED. 0.156%
- CSL CSL LIMITED 0.164%
- CWN CROWN RESORTS LIMITED 2.55%
- DXS DEXUS PROPERTY GROUP 1.849%
- FMG FORTESCUE METALS GROUP LTD -5.66%
- GMG GOODMAN GROUP 2.121%
- GPT GPT GROUP 0.877%
- IAG INSURANCE AUSTRALIA GROUP LIMITED 0.826%
- IPL INCITEC PIVOT LIMITED 1.25%
- JHX JAMES HARDIE INDUSTRIES PLC 1.309%
- LLC LEND LEASE GROUP 0.305%
- MGR MIRVAC GROUP 0.495%
- MPL MEDIBANK PRIVATE LIMITED -0.426%
- MQG MACQUARIE GROUP LIMITED 0.0%
- NAB NATIONAL AUSTRALIA BANK LIMITED 0.466%
- NCM NEWCREST MINING LIMITED -0.073%
- NVN NOVION PROPERTY GROUP 2.381%
- ORG ORIGIN ENERGY LIMITED 0.515%
- ORI ORICA LIMITED 0.501%
- OSH OIL SEARCH LIMITED -1.823%
- QBE QBE INSURANCE GROUP LIMITED -1.385%
- RHC RAMSAY HEALTH CARE LIMITED 0.71%
- RIO RIO TINTO LIMITED 0.088%
- SCG SCENTRE GROUP 0.785%
- SEK SEEK LIMITED -0.746%
- SGP STOCKLAND 0.0%
- SHL SONIC HEALTHCARE LIMITED -0.391%
- STO SANTOS LIMITED -0.265%
- SUN SUNCORP GROUP LIMITED 0.955%
- SYD SYDNEY AIRPORT 0.768%
- TCL TRANSURBAN GROUP 2.757%
- TLS TELSTRA CORPORATION LIMITED. 1.27%
- TOL TOLL HOLDINGS LIMITED 0.0%
- WBC WESTPAC BANKING CORPORATION 0.642%
- WES WESFARMERS LIMITED 1.52%
- WFD WESTFIELD CORPORATION 1.433%
- WOW WOOLWORTHS LIMITED 2.35%
- WPL WOODSIDE PETROLEUM LIMITED -0.652%
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Market Indices
Last updated: March 27, 2015 - 8:50PM
Last updated: March 27, 2015 - 8:50PM
Last updated: March 27, 2015 - 8:50PM
Last updated: March 27, 2015 - 8:50PM
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Markets
Markets Live: Bargain hunters jump in
Live
Investors were happy to jump back into bluechips such as the banks and out-of-favour supermarket owners, as shares trimmed the week's losses in the final session.
ASX tumbles as investors sell up
Energy stocks were up, but the banks were dumped as concerns about the US economy resurfaced.
BHP, Rio dividend growth 'isn't sustainable'
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Soros sees Greece going 'down the drain'
Search Quotes & Charts
The Economy
Committee calls for rethink on ATO powers
The Abbott government should change the law so that it places the burden of proof on the Australian Taxation Office.
Gerard Minack calls one in three chance of recession
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Retail
Lovisa buys into South African market
Brett Blundy's recently listed fast-fashion jewellery retailer Lovisa has made its first offshore acquisition.
ACCC has eye on Heinz-Kraft merger
Australia's competition watchdog is monitoring the global food giants' merger for any possible consequences for Kraft's spin-off.
Banking & Finance
Second banking executive charged
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Banks fear budget may slug depositors
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Mining & Resources
Walsh slams Twiggy's scheme
Competition lawyers say it will be very difficult for the watchdog to prosecute Mr Forrest over his offer to put a cap on production.
BHP, Rio dividend 'isn't sustainable'
One of the world's top investors has challenged the ability of BHP Billiton and Rio Tinto to sustain their dividend growth.
World Business
Morgan Stanley to Google: women narrow the gap
Tech giants like Apple, Google and Facebook are taking their financial talent from Wall Street.
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Warren Buffett's taste for junk food - namely Cherry Cokes and ice cream - is well known. His latest deal, the merger of Kraft and Heinz, makes for an intriguing (if not artery-clogging) menu.
China
Chinese property crackdown called 'racist'
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Give China a reserve currency
Increased use of the yuan as one of the world's reserve currencies will force China to restructure more radically than its leaders may realise.
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Property Focus
Collins Street building sells for $8.888888m
A Chinese investor has paid a lucky $8.888888 million for a small piece of Collins Street.
RBA warns of commercial property slump
Easy monetary policy globally is spurring demand for the nation's office buildings, even as vacancies climb and rents fall, raising risks of a future price slump.
Illegal foreign buying 'inevitable', says FIRB
Regulators' ability to uncover and prosecute illegal residential property buying by foreigners is "sorely limited" and such sales are "inevitable", the Foreign Investment Review Board chairman has admitted.
Investors move into Collins Street as values build up
Cbus sells industrial warehouses for $39 million
A Western Australian-based fund manager has bought three sheds in Dandenong South in an off-market deal reflecting a 7.7 per cent yield.
Executive Style
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Small Business
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Business Video
Germanwings crash puts aviation under spotlight
As French investigators search for clues as to why Germanwings flight 4U9525 crashed, killing all 150 on board, there's a lot at stake for the companies involved.
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Comment & Analysis
Secret diary of a former foreign minister
Contains:
Insurers unsure on life beyond churn
Contains:
Housing boom not an automatic bust yet
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