12/05/2008 - 06:07

Today's Business Headlines

12/05/2008 - 06:07

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Chinese circling Fortescue; Confession season intensifies as earnings growth slows; Coventry at 30-year low as investors wait; Bad debts threaten banks' double-digit profit growth; Globetrotter thrives on making virtue of family

Chinese circling Fortescue
Australia's new iron ore giant Fortescue Metals Group is set to be the next big testing ground for increased chinese investments in Australian reources. The Australian

Confession season intensifies as earnings growth slows
Corporate Australia is facing teh worst of earnings downgrades in four years as a slowing economy, higher input costs and the credit squeeze force companies to hose down inflated market expectations.

Coventry at 30-year low as investors wait
Coventry Group, an erstwhile leader of corporate WA, has plummeted to its lowest depths in almost 30 years after investors shunned buying shares in the struggling automotive and industrial parts company. The West

Bad debts threaten banks' double-digit profit growth
Australia's major banks have ended several years of double-digit growth and are about to experience further increases in the cost of bad debt. The West

Globetrotter thrives on making virtue of family
Nedlands-based Globetrotter Corporate Travel is the 10th biggest business in Australia's corporate travel industry, boasting an annual turnover of more then $50 million which is growing by an average of 15 per cent a year. The West

 

 

THE WEST AUSTRALIAN

Business: Coventry Group, an erstwhile leader of corporate WA, has plummeted to its lowest depths in almost 30 years after investors shunned buying shares in the struggling automotive and industrial parts company.

Australia's major banks have ended several years of double-digit growth and are about to experience further increases in the cost of bad debt.



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