27/06/2008 - 06:12

Today's Business Headlines

27/06/2008 - 06:12

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Futuris sacks Wozniczka; Bank rally as bosses reassure investors; Business seeks Asian migrants; Harbinger punts $53m on Poseidon comeback; Murchison confident of merger tick

Futuris sacks Wozniczka
Les Wozniczka is set to pocket more than $1.2 million after being ousted as chief of Futuris - despite the share price falling 44 per cent during his five-year reign, culminating this week in investors demanding he go. The West

Bank rally as bosses reassure investors
Australia's top banks say they are holding up much more strongly than their overseas counterparts. The Australian

Business seeks Asian migrants
The State's main business lobby group is urging governments to increase immigration from India and China and be less reliant on English-speaking countries for migration as part of a plan to raise Perth's international profile. The West

Harbinger punts $53m on Poseidon comeback
The US hedge fund that has made more than $5 billion betting on Fortescue Metals Group has thrown another $53 million at the Andrew Forrest-chaired Poseidon Nickel, punting on its bid to resurrect the historic Windarra nickel mine. The West

Murchison confident of merger tick
Midwest Corp and Murchison Metals have expressed confidence the Federal Government will approve their $3.2 billion merger proposal despite the increased scrutiny of foreign investments in Australia in the wake of China Inc's grab for the country's resources sector. The West

 

THE WEST AUSTRALIAN


The State's main business lobby group is urging governments to increase immigration from India and China and be less reliant on English-speaking countries for migration as part of a plan to raise Perth's international profile.

Business: Les Wozniczka is set to poket more than $1.2 million after bein ousted as chief of Futuris - despite the share price falling 44 per cent during his five-year reign, culminating this week in investors demanding he go.

The US hedge fund that has made more than $5 billion betting on Fortescue Metals Group has thrown another $53 million at the Andrew Forrest-chaired Poseidon Nickel, punting on its bid to resurrect the historic Windarra nickel mine.

Iluka Resources, the perennially underperforming WA mineral sands miner asachieved the near-unthinkable and attracted a "please explain" from the Australian Securities Exchange after its share price soared 26 per cent.

Midwest Corp and Murchison Metals have expressed confidence the Federal Government will approve their $3.2 billion merger proposal despite the increased scrutiny of foreign investments in australia in the wake of China Inc's grab for the country's resources sector.


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