16/05/2008 - 05:49

Today's Business Headlines

16/05/2008 - 05:49

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All aboard as Forrest sets sail for China; Beadell roars on Lion deal; Circulation figures go down in the west; Eastwood cashes up to fund rights in Wesfarmers; Leighton hits back as states over project bid costs

All aboard as Forrest sets sail for China
Fortescue Metals Group chief executive Andrew Forrest took great delight in rubbing shoulders with australia's billionaire elite, his family and his workers as he celebrated the loading of the first commercial shipment from his $2.8 billion Pilbara iron ore project yesterday. The Fin Review

Beadell roars on Lion deal
Beadell Resources shares stormed out of a trading halt yesterday as investors celebrated a $280 million deal which will transform the anonymous WA explorer into a old producer. The West

Circulation figures go down in the west
The monopoly newspaper in the country's fastest-growing state, The West Australian , has again lost sales despite promising to improve after a bitter board fight. The Australian

Eastwood cashes up to fund rights in Wesfarmers
Wesfarmers chairman Trevor Eastwood has cashed in $4 million of stock to fund his participation in the group's $2.6 billion rights issue. The West

Leighton hits back as states over project bid costs
Leighton Holdings chief executive Wal King has warned that the "outrageous" costfo bidding for major infrastructure projects is crippling competition in the construcion industry, a the same time as the federal government is preparing to inject $20 billion into its new Building Australia investment fund. The Fin Review

 

THE WEST AUSTRALIAN

Business: Beadell Resources shares stormed out of a trading halt yesterday as investors celebrated a $280 million deal which will transform the anonymous WA explorer into a old producer.

Wesfarmers chairman Trevor Eastwood has cashed in $4 million of stock to fund his participation in the group's $2.6 billion rights issue.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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