Only $2.7 billion for the company? Tell them they're dreaming
Laboratory testing group ALS has rebuffed a takeover bid from private equity, arguing it was "opportunistic" and too cheap.
Stock Ticker
- AGL AGL ENERGY LIMITED. -0.11%
- AIO ASCIANO LIMITED 0.11%
- AMC AMCOR LIMITED -0.80%
- AMP AMP LIMITED -0.80%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.79%
- APA APA GROUP -0.74%
- ASX ASX LIMITED 0.97%
- AZJ AURIZON HOLDINGS LIMITED -0.55%
- BHP BHP BILLITON LIMITED -1.06%
- BXB BRAMBLES LIMITED -0.35%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -0.10%
- CCL COCA-COLA AMATIL LIMITED -0.57%
- CPU COMPUTERSHARE LIMITED. -0.19%
- CSL CSL LIMITED -0.14%
- CTX CALTEX AUSTRALIA LIMITED 1.86%
- DXS DEXUS PROPERTY GROUP -0.29%
- GMG GOODMAN GROUP 0.85%
- GPT GPT GROUP 0.65%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -1.03%
- IPL INCITEC PIVOT LIMITED -0.59%
- JHX JAMES HARDIE INDUSTRIES PLC 0.33%
- LLC LENDLEASE GROUP -1.42%
- MGR MIRVAC GROUP -0.26%
- MPL MEDIBANK PRIVATE LIMITED 1.41%
- MQG MACQUARIE GROUP LIMITED -1.48%
- NAB NATIONAL AUSTRALIA BANK LIMITED -2.06%
- NCM NEWCREST MINING LIMITED -0.69%
- ORG ORIGIN ENERGY LIMITED -2.86%
- ORI ORICA LIMITED -0.95%
- OSH OIL SEARCH LIMITED -1.12%
- QAN QANTAS AIRWAYS LIMITED -3.06%
- QBE QBE INSURANCE GROUP LIMITED -1.05%
- RHC RAMSAY HEALTH CARE LIMITED -1.01%
- RIO RIO TINTO LIMITED -1.62%
- S32 SOUTH32 LIMITED -2.01%
- SCG SCENTRE GROUP 0.00%
- SEK SEEK LIMITED -3.52%
- SGP STOCKLAND 0.00%
- SHL SONIC HEALTHCARE LIMITED -1.02%
- STO SANTOS LIMITED -1.38%
- SUN SUNCORP GROUP LIMITED -0.86%
- SYD SYDNEY AIRPORT 0.21%
- TCL TRANSURBAN GROUP -1.13%
- TLS TELSTRA CORPORATION LIMITED. -0.18%
- VCX VICINITY CENTRES 0.78%
- WBC WESTPAC BANKING CORPORATION -0.92%
- WES WESFARMERS LIMITED -0.62%
- WFD WESTFIELD CORPORATION -2.33%
- WOW WOOLWORTHS LIMITED -1.28%
- WPL WOODSIDE PETROLEUM LIMITED -1.38%
Key Stories
Markets Live: ASX dives below 5300
Live
Shares extend their June selloff, with banks and health-care stocks leading the way down.
Swedish lessons for the RBA
So we've been crazy for Abba, and love our Ikea shelves. Now there's more that we have in common with the Nordic nation.
Retail sales point to more lacklustre consumer spending
The value of retail sales across Australia rose just 0.2 per cent in April, suggesting consumer demand or prices have eased.
350 jobs to go with Glencore mine closure
The Swiss mining giant has started consultation with the 350 employees at the Tahmoor mine in NSW, which will close by early 2019.
What's a syllable between nations?
The OECD has succumbed to that perennial faux pas of confusing Australia and Austria, and it's a bit alarming.
Ten stocks to buy if June turns ugly
Soft drinks, aged care, health insurance and property development are four sectors to seek shelter in if the ASX is headed for a rough June.
- Workplace Relations Woolworths wages in doubt
- World business Uber taps Saudi Arabia for cash
- Retail Pie maker Patties backs takeover
- The Economy Are animal spirits stirring again?
- Banking and Finance CBA compo payouts average $15k
Market Indices
Last updated: June 2, 2016 - 2:45PM
Last updated: June 2, 2016 - 2:45PM
Last updated: June 2, 2016 - 2:45PM
Last updated: June 2, 2016 - 2:45PM
Where to find a pay rise
There are only a few sectors where bosses expect to up the pay of employees.
In Depth
Blood-test billionaire's fortune drained
Elizabeth Holmes, whose plan to revolutionise healthcare made her a billionaire at age 30. It took just a year to unravel.
'Raw milk' now on sale
A newly approved process will allow unpasteurised milk to be sold in Australia.
Property investor numbers ramp up
VIDEO: A looming election has led to an increase in property investment as buyers race to beat changes in negative gearing laws.
Workplace
Call for working hours to be capped
A 38-hour week would make it easier for men to share the caring load and for women to participate in paid work.
Want more retail sales? Hire women
Women provide customers with a better shopping experience, says CBA director Launa Inman.
Markets
Iron ore to get worse before it gets better
Iron ore has continued to crash, slipping 3.5 per cent overnight to $US48.40 per tonne, and according to Morgan Stanley there's more bearish news on the way.
ASIC targets mid-tier brokers
The financial regulator is worried about how mid-tier research and broking firms are managing conflicts of interest.
Apple returns to Aussie bond market
It's been a quiet year for the local corporate bond market, but that's about to change as two offerings by Apple follow last week's Coke notes.
Search Quotes & Charts
The Economy
Australia divided as 30 electorates go backwards
In some electorates, the economy is shrinking by as much as 2 per cent per year. In others, it is growing by 5 per cent or more.
Boost spending to escape 'low-growth trap' - OECD
The OECD is urging governments to increase spending, as the world economy slowly grinds along.
Retail
Retail Food keeps guidance
Retail Food Group, owner of of Gloria Jean's and Donut King, has reaffirmed its profit guidance.
Banking & Finance
ASIC targets mid-tier brokers
The financial regulator is worried about how mid-tier research and broking firms are managing conflicts of interest.
CBA sees tougher competition for deposits
Banks may be forced to pay savers higher interest rates on their deposits ahead of new global banking rules.
Mining & Resources
Iron ore to get worse before it gets better
Iron ore has continued to crash, slipping 3.5 per cent overnight to $US48.40 per tonne, and according to Morgan Stanley there's more bearish news on the way.
Batteries to make the grid 'the internet of energy'
Rather than facing a "death spiral", the electricity grid is set to become the backbone of the "internet of energy", with the help of batteries – as long as policymakers get on board.
World Business
Blood-test billionaire's fortune drops from $4.5b to zilch
Elizabeth Holmes, whose plan to revolutionise healthcare made her a darling of the start-up world and a billionaire at age 30, has a jaw-dropping new net worth: zilch.
Banker arrested for insider tips to plumber
Former Barclays director Steven McClatchey accused of telling his plumber friend about future company deals in exchange for cash and a new bathroom.
Consumer Affairs
The online gift cards that are too good to be true
And tricking you into parting with a few dollars is the least of the scammers' intentions.
Door-to-door sales: who are the worst offenders?
How do you get rid of a door-to-door salesman when they just won't leave?
Featured advertisers
Property Focus
Darling Harbour in $1 billion revamp
Darling Harbour is to undergo a $1 billion facelift that will see the construction of a new 44-storey office tower, updated retail offerings and a Cockle Bay ampitheatre.
Macquarie Park looks to new developments
Macquarie Park will soon eclipse the City in Sydney for cranes on the horizon after the NSW Government lodged plans to establish a 7,000 square-metre park on its disused land at 45-61 Waterloo Road.
Illawarra land sales tipped to exceed $50m
Industrial property is seen as one offering substantial growth which has triggered the sale of seven sites in Illawarra, with an anticipated combined value of at least $50 million.
Trintity Bar sale
Charter Hall pays $525m for Shelley St tower
Charter Hall and Morgan Stanley Real Estate Investing have jointly bought the distinctive Macquarie office tower at One Shelley Street at Darling Harbour.
Executive Style
The pros and cons of cycling
For: It's better for the planet. Against: You might decide to wear Lycra.
Money
How to value technology stocks
Technology stocks are high-growth stocks, rather than dividend stocks, and they often appear expensive. How do you value them?.
Is retirement all it's cracked up to be?
A happy retirement is not just about your finances, it's also about how you spend your time.
Small Business
How fast food is eclipsing supermarkets
What happens when ordering food online or eating out each night becomes the norm for more people?
Telstra, NAB attempt eBay for small biz
Tech start up ProQuo will capture small businesses need for community and sharing, with a 10% fee.
Business Video
What is blockchain?
As bitcoin moves into the mainstream, it might be time for you to brush up find out how the system works.
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Comment & Analysis
House price soufflé is rising again
Contains:
total comments14
This article contains a video.
Guvera's promise: float or bust
Contains:
This article contains a video.
Air NZ's very costly dummy spit
Contains:
total comments17
This article contains a video.