01/05/2008 - 06:16

Today's Business Headlines

01/05/2008 - 06:16

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British in $13bn raid on Origin; The $1bn plan for new Perth airport; RBA glimpses victory on credit front; Investors dump RCR as it warns of profit slump; Ex-AWB bosses fight handover of ASIC files


British in $13bn raid on Origin
A stunning $13 billion cash bid by British BG Group to take over Origin Energy has received a solid reception from investors and analysts. The Australian

The $1bn plan for new Perth airport
The private owners of Perth Airport have pledged to transform the much-maligned facility into one of the best facilities in the Asia-Pacific region in a long-awaited $1 billion plan under which the domestic and international terminals are merged within seven years. The West

RBA glimpses victory on credit front
The Reserve Bank of Australia appears to be gaining traction in its efforts to curb inflation, with a slide in credit growth adding to signs that economic activity is slwoing under the pressure of tight financial conditions. The Fin Review

Investors dump RCR as it warns of profit slump
Investors turned on serial underperformer RCR Tomlinson yesterday after it issued a profit warning, sending its shares crashing 28 per cent adn stripping nearly $42 million from its market valuation. The West

Ex-AWB bosses fight handover of ASIC files
The Australian Securities and Investments Commission is considering the Federal Police possibly incriminating transcripts of confidential interviews it conducted with former AWB employees last year. The West

 

THE WEST AUSTRALIAN

Page 1: The private owners of Perth Airport have pledged to transform the much-maligned facility into one of the best facilities in the Asia-Pacific region in a long-awaited $1 billion plan under which the domestic and international terminals are merged within seven years.

The State Government will announce plans today for an inner-city residential precinct behind the Causeway to house more than 5840 people as part of an $88 million transformation of 40ha at the eastern end of Perth central business district.

Business: Midwest Corp shares soared at 14c to a record $6.24 yesterday but remained below Sinosteel Corp's improved offer price as investors worried that the target's dominant shareholder, deputy chairman David Law,ma not accept the friendly takeover bid.

Investors turned on serial underperformer RCR Tomlinson yesterday after it issued a profit warning, sending its shares crashing 28 per cent adn stripping nearly $42 million from its market valuation.

The Australian Securities and Investments Commission is considering the Federal Police possibly incriminating transcripts of confidential interviews it conducted with former AWB employees last year.




 

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