23/04/2008 - 06:44

Today's Business Headlines

23/04/2008 - 06:44

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$742m US deal saves Groves' ABC; Atlas lifts iron ore targets in bid to cash in on price boom; Insurance delay may penalise investors; Forrest loses tax fight over payout; Wesfarmers face uphill struggle to boost Coles, say analysts

$742m US deal saves Groves' ABC
Eddy Groves appears to have pulled his struggling child care group ABC Learning out of the fire for now with a $742 million deal to sell 60 per cent of the its US operations. The Australian

Atlas lifts iron ore targets in bid to cash in on price boom
Iron ore hopeful Atlas Iron raised its Pilbara production target and fast-tracked its exploration plans as part of a push it hopes will make it Australia's fourth-biggest iron ore player in time to cash on record prices. The West

Insurance delay may penalise investors
Investors who lost money in the collapse of Opes Prime or Lift Capital may not get compensation against a negligent financial planner because federal requirements for all advisers to have insurance are yet to take effect. The Fin Review

Forrest loses tax fight over payout
Iron ore magnate Andrew Forrest has lost a bid to avoid paying tax on a $3.5 million payout that was part of his agreement to leave anaconda Nickel in 2001. The Fin Review

Wesfarmers face uphill struggle to boost Coles, say analysts
Analysts have warned that Wesfarmers faces an uphill battle to turn the Coles Group around as it embarks on the first stage of its $2.6 billion rights issue. The West

 

THE WEST AUSTRALIAN
Business: Analysts have warned that Wesfarmers faces an uphill battle to turn the Coles Group around as it embarks on the first stage of its $2.6 billion rights issue.

Iron ore hopeful Atlas Iron raised its Pilbara production target and fast-tracked its exploration plans as part of a push it hopes will make it Australia's fourth-biggest iron ore player in time to cash on record prices.

Austal will supply the Republic of Trinidad and Tobago with six 30m fast patrol craft in an unconditional deal worth $78 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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