23/05/2008 - 06:59

Today's Business Headlines

23/05/2008 - 06:59

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Dob in insider traders: ASX; Wesfarmers shareholders wait for cash back on rights issue; Irons in the fire: Sinosteel still interested in Fortescue; New chief quits, Empire rethink; Macmahon Ausdrill bid faces top-up

Dob in insider traders: ASX
The Australian Securities Exchange has suggested Australia could adopt so-called "supergrass" policies to encourage insider traders to inform on their partners in crime. The West

Wesfarmers shareholders wait for cash back on rights issue
Wesfarmers shareholders who did not take part in the group's right issue will learn whether they will receive any cash back when its retail bookbuild closes today. The West

Irons in the fire: Sinosteel still interested in Fortescue
Chinese steel giant Sinosteel is again stoking the fires for a potential run at Fortescue Metals Group. The Australian

New chief quits, Empire rethink
The chairman of struggling brewer Empire Beer Group says his board will be doing some serious soul searching in coming weeks and yesterday hinted at a move away from the pub business as the company announced the loss of its second chief executive in six months. The West

Macmahon Ausdrill bid faces top-up
Macmahon Holdings may have to inject cash into its $446 milion scrip bid if it wants to win over Ausdrill founder and major shareholder Ron Sayers, analyst said yesterday. The West

 

THE WEST AUSTRALIAN

Business: The Australian Securities Exchange has suggested Australia could adopt so-called "supergrass" policies to encourage insider traders to inform on their partners in crime.

Wesfarmers shareholders who did not take part in the group's right issue will learn whetehr they will receive any cash back when its retail bookbuild closes today.

Macmahon Holdings may have to inject cash into its $446 milion scrip bid if it wants to win over Ausdrill founder and major shareholder Ron Sayers, analyst said yesterday.

The chairman of struggling brewer Empire Beer Group says his board will be doing some serious soul searching n coming weeks and yesterday hinted at a move away from the pub business as the company announced the loss of its second chief executive in six months.

 

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