24/04/2008 - 06:44

Today's Business Headlines

24/04/2008 - 06:44

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A spray and red ink at ANZ; Defeated Stokes vows to fight on; Inflation number bad news for rates; AWB shares jump on upgarde, crop hopes; Quickflix stake in play after Prime Media takes over destra

A spray and red ink at ANZ
ANZ chief executive Mike Smith has acknowledged the bank's involvement in the Opes Prime scandal has damaged its reputation. The Fin Review

Defeated Stokes vows to fight on
Seven Network Chairman says his fight for a place on the board of West Australian Newspapers is not over, despite failing to secure two board seats yesterday. The Australian

Inflation number bad news for rates
There is a risk interest rates will again rise this year after inflation soared well above four per cent in figures released yesterday. The Fin Review

AWB shares jump on upgarde, crop hopes
AWB's shares received a welcome boost after the agribusiness and wheat export company issued a profit upgrade yesterday. The West

Quickflix stake in play after Prime Media takes over destra
The biggest shareholder in Quickflix, destra Corporation, may sell off its 20 per cent stake in the online DVD company after destra's takeover by television group Prime Media last week.

 

THE WEST AUSTRALIAN

Business: A defiant WA Newspapers Holdings chairman Peter Mansell has paved the way for a revamp of the publisher's board after flagging last night he would respond "quickly" to investor feedback and appoint additional directors over the next few months.

AWB's shares received a welcome boost after the agribusiness and wheat export company issued a profit upgrade yesterday.

Telstra has persuaded National Australia Bank chief executive John Stewart to accept his first external directorship since arriving in Australia more than four years ago, as one of two board appointments.

Tension between BHP Billiton and its reluctant takeover target Rio Tinto has risen in the lead-up to BHP's approach to competition regulators for clearance to make its scrip offer, the value of which has soared to $196 billion thanks to a commodity-driven rise in BHP's shares.

The biggest shareholder in Quickflix, destra Corporation, may sell off its 20 per cent stake in the online DVD company after destra's takeover by television group Prime Media last week.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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