australian associated press pty ltd. Resources on BNET
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australian associated press pty ltd.

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Macquarie's French Op Posts Revenue Lift
Macquarie-owned French tollway operator, Autoroutes Paris-Rhin-Rhône Group (APRR), has posted a 7.1 per cent lift in revenue to 448.1 million euros ($A750.65 million) in the three months to March 31, 2008.In the three months, traffic, measured by the number of kilometres travelled, totalled 4,909 million, up 4.6 per cent...
Tags: Revenue, Australian Associated Press Pty Ltd., Macquarie, Operational Accounting, Finance, AAP
News items 2008-04-28
Cazaly Shares Slump to 12-month Low
Cazaly Resources Ltd shares sank to a 12-month low on Tuesday after the company lost its three year battle with Rio Tinto Ltd over the ownership of the lucrative Shovelanna iron ore deposit.The High Court's refusal to grant Cazaly's special leave to appeal on Friday effectively ended its pursuit...
Tags: Australian Associated Press Pty Ltd., Financial Accounting, Finance, AAP
News items 2008-04-22
AGL Reaffirms Full Year Profit Guidance
AGL Energy Ltd, Australia's largest power retailer, has reaffirmed the company is on track to deliver underlying net profit of up to $360 million for fiscal 2008.The power retailer, which delivered a 6.5 per cent drop in half year profit, said at a conference the company was on track...
Tags: Australian Associated Press Pty Ltd., Retail Company, AGL, Retail, AAP
News items 2008-05-07
NAB's Great Western Purchase Approved
National Australia Bank Ltd's $900 million purchase of US regional lender Great Western Bank has been approved by the American central bank.The US Federal Reserve board's approval of NAB's acquisition of Great Western's holding company was the last banking regulatory approval needed for the acquisition.NAB originally announced the purchase...
Tags: Acquisition, Australian Associated Press Pty Ltd., Mergers & Acquisitions, Corporate Law, Banking, Investment, Finance, Business Operations, Financial Services, AAP
News items 2008-04-28
Wesfarmers Share Up With Raising Success
Shares in Wesfarmers Ltd rose after the group raised $940 million from the sale of shares to institutional investors as part of a $2.5 billion equity raising to pay for its acquisition of retailer Coles Group.Wesfarmers shares were up 4.33 per cent, or $1.56 to $37.66 at 1034 AEST...
Tags: Australian Associated Press Pty Ltd., Entitlement, Retail, Mergers & Acquisitions, Financial Accounting, Corporate Law, Investment, Financial Services, Finance, Business Operations, AAP
News items 2008-04-28
Woolworths Buys $57m Stake in Pub Owner
Australia's biggest grocer Woolworths Ltd bought a strategic stake in pub owner Australian Leisure and Entertainment Property Group (ALE) for $57 million in cash.Woolworths paid Hedley Leisure & Property Trust (HLG) $3.34 per security for the 19.9 per cent interest in ALE, the Sydney-headquartered supermarket company said in a...
Tags: Australian Associated Press Pty Ltd., Woolworths, Food & Beverage, Security, Manufacturing, AAP
News items 2008-05-12
UK Firm Bracing For Aussie's Departure
London-based GLG Partners is reportedly bracing itself for the possible loss of more than $US4 billion ($A4.2 billion) in investment assets as a result of star Australian fund manager Greg Coffey's departure.GLG chairman and chief executive Noam Gottesman told shareholders the hedge fund had suffered $US1.7 billion ($A1.8 billion)...
Tags: Asset, Australian Associated Press Pty Ltd., Asset Management, Operational Planning, Business Operations, AAP
News items 2008-05-08
Chinese Eye $15b Electricity Sell-off
China's largest power company is eyeing the NSW government's $15 billion sell-off of the electricity industry.China Huaneng Group has already bought power assets in Queensland and Singapore, Fairfax reports, and now wants to greatly expand its presence in South-east Asia and Australia.The company has asked its "Australian team to...
Tags: Australian Associated Press Pty Ltd., Chinese Company, Government, Federal Government, Asset Management, Team Management, Vertical Industries, Operational Planning, Business Operations, Management, Enterprise Software, Software, AAP
News items 2008-05-09
DJs to Open New Sunshine Coast Store
Retailer David Jones is to open a new 14,000 square metre store on Queensland's Sunshine Coast that it says will "significantly exceed" the company's minimum benchmarks for new stores.The retailer said the new store in Maroochydore's Sunshine Plaza was expected to generate sales of $50 million - $60 million...
Tags: Australian Associated Press Pty Ltd., Retail Company, Store, Retail, Sales Strategy, Sales Force Management, Sales, AAP
News items 2008-05-07
Grant Kenny Buys Private Aviation Firm
Olympian and former ironman Grant Kenny has acquired Western Australia's largest privately owned aviation company, Slingair Heliwork WA, in a multi-million transaction.The Kununurra-headquartered company comprises two divisions, Slingair fixed-wing aircraft and Heliwork WA helicopters.It provides scenic air tours and safaris, and operates charter services, such as mining exploration and...
Tags: AAP, East Coast, Acquisition, Australian Associated Press Pty Ltd., Aircraft, Business, Aerospace & Defense, Mergers & Acquisitions, Corporate Law, Manufacturing, Investment, Finance, Business Operations
News items 2008-05-06
Bendigo Bank Lifts Variable Loan By 0.1%
Bendigo Bank Ltd has raised its variable home loan interest rate by 10 basis points, citing increased funding costs.The new rate on Bendigo's variable home and business loans will take effect on May 6.Bendigo Bank spokesman Owen Davies said the increase was regrettable, but the bank had to sought...
Tags: Bank, Australian Associated Press Pty Ltd., Bendigo Bank, Financial Services, AAP
News items 2008-05-02
Australian Vintage 08 Wine Crush Up
Winemaker Australian Vintage Ltd (formerly McGuigan Simeon) said Thursday that its wine crush for the 2008 vintage was 183,000 tonnes - 15 per cent above last year.Chief executive Dane Hudson said the crush was in line with the company's internal estimate and well above last year, which was pleasing...
Tags: Australian Associated Press Pty Ltd., AAP
News items 2008-04-17
Wesfarmers Aims at $2.5b in Equity Issue
Australia' second biggest supermarket owner Wesfarmers Ltd plans to raise $2.5 billion in an equity to help refinance a bridging facility set up to acquire retailer Coles Group.Wesfarmers has funding commitments in place to refinance all of the $4 billion bridging facility, the company said in a statement.New shares...
Tags: Australian Associated Press Pty Ltd., Equity, Investment, Financial Services, Retail, Finance, AAP
News items 2008-04-21
NSW Vows to Keep Lane Cove Tunnel Open
NSW Roads Minister Eric Roozendaal says Sydney's Lane Cove tunnel will remain open regardless of the financial status of its operator.Credit ratings agency Moody's has issued a warning that the tollway operator Connector Motorways could face a debt crisis by the end of 2009, because it is attracting insufficient...
Tags: Australian Associated Press Pty Ltd., Financial, Tunnel, Sydney, NSW Roads Minister Eric Roozendaal, Financial Accounting, Finance, AAP
News items 2008-05-09
Coal Gas Tech Could Boost Qld Economy
The commercialisation of underground coal gasification (UCG) technology could potentially generate up to $600 million for the Queensland economy each year, according to a report from PricewaterhouseCoopers.UCG is the process of extracting coal from the ground through its transformation into a combustible gas for power generation or as a...
Tags: Australian Associated Press Pty Ltd., Coal, PricewaterhouseCoopers Consulting, Marketing Research, Marketing, AAP
News items 2008-05-12
James Hardie Plans to Move to the US
James Hardie Industries has a plan to move from The Netherlands to the US.Secret company documents obtained by The Weekend Australian show Hardie would "liquidate" its Dutch parent company, and become effectively an American company registered in Delaware.However some operations might officially be based in obscure European legal havens...
Tags: Australian Associated Press Pty Ltd., Plan, James Hardie Industries, Government, Taxes, Free Trade, Benefits, Vertical Industries, Financial Planning, Finance, Human Resources, Enterprise Software, Software, AAP
News items 2008-04-19
BHP Says Chinese Likely to Take Stake
BHP Billiton chief executive Marius Kloppers says Chinese interests will take a stake in the mining giant.The prediction comes as BHP Billiton says it is just "weeks" away from formally filing its $179 billion takeover bid for Rio Tinto Ltd.The market was awash with rumours last month after an...
Tags: Australian Associated Press Pty Ltd., Regulator, European Union, BHP, Regulations, Corporate Law, Government, Business Operations, AAP
News items 2008-05-07
United US Ops Win $US169.5m in New Work
Diversified services business United Group Limited says its North American operation, UGL Unicco, had secured new work worth $US169.5 million since acquisition last year.Boston-based UGL Unicco has secured new projects in the first quarter of calendar 2008 in the corporate, education and government sectors.On an annualised basis, new sales...
Tags: Australian Associated Press Pty Ltd., Government, Sales Strategy, Mergers & Acquisitions, Corporate Law, Vertical Industries, Sales, Investment, Finance, Business Operations, Enterprise Software, Software, AAP
News items 2008-04-16
'Origin Talks Ongoing, Inconclusive': BG
BG Group, the UK's third largest natural gas producer, says discussions with Origin Energy Ltd over its $12.9 billion bid for the power retailer are ongoing but inconclusive.The UK-based utility said on Friday "discussions have been held between senior representatives of Origin and BG Group" but those talks were...
Tags: Australian Associated Press Pty Ltd., New Zealand, Australian Competition And Consumer Commission, Retail, Telecom & Utilities, AAP
News items 2008-05-09
Talbot Sells Stake in Macarthur Coal
The chairman of Queensland-based Macarthur Coal Ltd says its former chief executive Ken Talbot has sold his multi-million dollar stake in the mining company.Chairman Keith De Lacy said Mr Talbot, who is facing corruption charges, had more than 50 million shares in the company, worth around $13 each.Mr Talbot...
Tags: Australian Associated Press Pty Ltd., Coal, Talbot, Advertising & Promotion, Marketing, AAP
News items 2008-04-21
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