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(209 results)- AVJennings Forecasts Return to Profit
- Home builder AVJennings Ltd says it is well positioned for the future and expects to return to profitability in 2009/10.At its annual general meeting on Friday, managing director Peter Summers said the current financial year will see the company's financial and operational performance improve."The company has a land bank...
- News items 2009-11-20
- Fitch Seeks to Issue Australian Ratings
- Global ratings agency Fitch Ratings said it will apply for a wholesale financial services licence to issue ratings in Australia under the corporate watchdog's new ratings rules.The agency will apply for a licence to continue issuing ratings to wholesale clients in Australia, a spokeswoman said.Moves by the Australian Securities...
- News items 2009-11-20
- Pluto Gas Project Faces Cost Blow Out
- Oil and gas producer Woodside Petroleum Ltd says the costs of its Pluto LNG project, offshore from Western Australia, have blown out by up to 10 per cent.Pluto would likely cost six per cent to 10 per cent more than the $11.2 billion budgeted, Woodside said on Friday."The expected...
- News items 2009-11-20
- Bendigo Mining Hails Exploration Results
- Gold producer Bendigo Mining says it has discovered new mineralisations at projects in Tasmania and Victoria.Based on visual grade estimation, the company said there was up to 11.7 grams per tonne (g/t) of gold at the Henty gold mine in Tasmania, and up to 105 g/t at Kangaroo Flat,...
- News items 2009-11-20
- Sydney Airport Passenger Numbers Up: MAp
- Sydney Airport's passenger numbers have improved for the third month in a row, its largest owner MAp Airports Ltd says.MAp figures released on Friday showed total passenger traffic increased 6.1 per cent to 3.075 million in October, from 2.899 million in the prior corresponding period.The number of international passengers...
- News items 2009-11-20
- ANZ Sells Custodian Services Business
- ANZ Banking Group Ltd will sell its custodian services business to US Banking giant JP Morgan as the Australian lender moves to focus on its core markets in the Asia Pacific."Custodian Services is increasingly a global scale business and JP Morgan Worldwide Securities Services is ideally placed to service...
- News items 2009-11-20
- CBA Securities Face Moody's Downgrade
- Commonwealth Bank of Australia Ltd CBA says ratings agency Moody's Investors Service has placed about $9.5 billion of the lender's hybrid securities under review for a possible downgrade.Moody's has recently published revised guidelines for rating bank hybrid securities and subordinated debt around the world and was applying its revised...
- News items 2009-11-20
- I Was Misled on One.Tel Finances: Packer
- James Packer has indicated he wants to continue the fight over the collapse of One.Tel, maintaining he was "profoundly misled" about the financial position of the company.The NSW Supreme Court has emphatically dismissed civil proceedings against One.Tel founder Jodee Rich, but Mr Packer has disputed aspects of the trial...
- News items 2009-11-19
- Consumers Prefer Cash as Wages Grow
- Consumers continue to avoid racking up debt on credit cards - a habit learnt from the depths of the global financial crisis - preferring instead to use cash from their growing weekly wage packet.New data released on Thursday showed the annual average wage now stands at $62,431, having risen...
- News items 2009-11-19
- Ore Project Boosts Australasian Shares
- Shares in Australasian Resources Ltd rose after the Clive Palmer-controlled explorer received federal government environmental approval for its Balmoral South magnetite iron ore project in Western Australia's Pilbara region.Australasian shares were up 4.5 cents, or 9.47 per cent, at 52 cents at 1546 AEDT on Thursday.The approval by Federal...
- News items 2009-11-19
- Firstfolio in Talks For $6b Loan Assets
- Mortgage and financial services group Firstfolio Ltd is in negotiations to acquire up to $6 billion in loan assets from three separate companies.Firstfolio says it has commenced due diligence to acquire finance company First Chartered Capital's FCC $3.5 billion loan book, wholesale mortgage manager Loan Services Australia's $2 billion...
- News items 2009-11-19
- Card Transactions Rose in Sept: RBA
- The total monthly value of credit and charge card transactions, including advances, rose by two per cent in September, new figures from the Reserve Bank of Australia RBA show.Australians spent $19.246 billion on their credit and charge cards in the month, up from $18.869 billion in August.Repayments on credit...
- News items 2009-11-19
- Average Earnings Rise 0.9%: ABS
- Average weekly ordinary time earnings AWOTE for adult full-time employees rose by 0.9 per cent in the three months to August for an annual rate of 5.2 per cent, seasonally adjusted, the Australian Bureau of Statistics said on Thursday.The quarterly survey also showed AWOTE for the private and public...
- News items 2009-11-19
- ANZ Appoints Anne Weatherston CIO
- Anne Weatherston has been appointed chief information officer for ANZ Banking Group Ltd, reporting to chief executive Mike Smith.Ms Weatherston spent the last four years as Bank of Ireland's group chief information officer and will join ANZ in early 2010, ANZ said in a statement on Thursday.She will sit...
- News items 2009-11-19
- DJs Gets Exclusive Carla Zampatti Rights
- Retailer David Jones says it has secured exclusive department store rights to the Carla Zampatti fashion label.The deal includes the rights to the Bianca Spender label of Ms Zampatti's daughter."The agreement provides that both the Carla Zampatti and Bianca Spender brands will become department store exclusive to David Jones,"...
- News items 2009-11-19
- Chinese Investment Allowed in SA Venture
- Australian regulators have allowed a Chinese state-owned company to take up to a $40 million stake in a South Australian magnetite joint venture.The stake will give Baotou Iron and Steel up to 50 per cent of a proposed joint venture with Centrex Metals Ltd to develop the Bungalow magnetite...
- News items 2009-11-19
- Sonic Re-affirms 2010 Profit Guidance
- Pathology and radiology services provider Sonic Healthcare Ltd on Thursday re-affirmed its guidance of 10 to 15 per cent growth in net profit after tax for the 2010 full year.Sonic chief executive Colin Goldschmidt said in a slide presentation to shareholders at the company's annual general meeting that the...
- News items 2009-11-19
- Gold Forges Record Peak Near $1,150
- Gold prices rose on Wednesday to an all-time high near $1,150 an ounce, boosted by the weak level of the US currency, analysts said.In late morning trading here, gold hit a record high point of $1,148.03 an ounce on the London Bullion Market after reaching a series of records...
- News items 2009-11-18
- Economic Outlook Way Above Trend: Survey
- Rising unemployment and reduced working hours stemming from the economic slowdown have reduced annual wages growth to its slowest pace in nearly five years ... unless you are a public servant.Official data released on Wednesday showed the nation's wage bill grew at an annual pace of 3.6 per cent...
- News items 2009-11-18
- S&P Withdraws Aussie Licence Application
- Credit ratings issued by Standard & Poor's will no longer be available to Australian retail investors from January 1.The global ratings agency says it has withdrawn its retail licence application to preserve its analytical independence.It follows recent moves by the Australian Securities and Investments Commission ASIC to make ratings...
- News items 2009-11-18
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