13/06/2008 - 06:43

Today's Business Headlines

13/06/2008 - 06:43

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Babcock runs to banks as shares tank; Surprise job decline eases rates pressure; Pressure on HBOS to sell BankWest; BHP brings on nickel repairs amid gas cuts; Fairstar bid for Golden West ends in failure

Today's Business Headlines

Babcock runs to banks as shares tank
Babcock and Brown is in emergency talks with its bankers after short selling by hedge funds caused the investment bank's shares to plunge by 28 per cent. The Fin Review

Surprise job decline eases rates pressure
An unexpected fall in employment has raised expectations the economy is slowing. The Fin Review

Pressure on HBOS to sell BankWest
Speculation is mounting that BankWest troubled London-listed parent, HBOS, is scouting for buyers for flagship Australian Bank, despite the UK mortgage lending giant denying that it is under financial pressure. The West

BHP brings on nickel repairs amid gas cuts
BHP has brought forward major repair works at its Kalgoorlie nickel smelter, likely to cost more than $100 million, but denied the decision was triggered by the WA gas crisis. The West

Fairstar bid for Golden West ends in failure
Junior explorer Fairstar Resources has finally conceded defeat in its ambitious scrip takeover for Golden West Resources, clearing the way for the target to push ahead with attempts to develop its flagship Wiluna West iron ore project. The West

 


THE WEST AUSTRALIAN

The WA Liberal Party was last night on the verge of self destruction according to its Roe MP Graham Jacobs, after prominent frontbencher Rob Johnson threatened to quit his police and justice portfolios if South Perth MP John McGrath was not dumped as shadow road safety minister.

Business: Speculation is mounting that BankWest troubled London-listed parent, HBOS, is scouting for buyers for flagship Australian Bank, despite the UK mortgage lending giant denying that it is under financial pressure.

BHP has brought forward major repair works at its Kalgoorlie nickel smelter, likely to cost more than $100 millioon, but dined the decision was triggered by the WA gas crisis.

Junior explorer Fairstar Resources has finally conceded defeat in its ambitious scrip takeover for Golden West Resources, clearing the way for the target to push ahead with attempts to develop its flagship Wiluna West iron ore project.


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