14/01/2008 - 06:22

Today's Business Headlines

14/01/2008 - 06:22

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Stokes bid inaction blamed for WAN share slide; Coles returns to WA beef; Credit fears weigh on Wall Street; Big Business demands budget cuts to ease inflation; JB Hi-Fi upbeat despite 16% slide

Stokes bid inaction blamed for WAN share slide
A slump of nearly 30 per cent in the share price of West Australian Newspaper Holdings over the past three months has been blamed on a growing view that its biggest shareholder, Kerry Stokes Seven Network, is unlikely to mount a takeover bid. The West

Coles returns to WA beef
Less than two months after its takeover by Wesfarmers, supermarket giant Coles says it hopes to finalise a deal by early February which eventually could see a return to most of the meats it sells in WA being sourced locally rather than form the Eastern States. The West

Credit fears weigh on Wall Street
A week of volatile trading is expected on global sharemarkets, with the risks of a US recession becoming increasingly acute. The Fin Review

Big Business demands budget cuts to ease inflation
Big business is urging the Rudd Government to deliver a tough first budget to target the threat of inflation. The Fin Review

JB Hi-Fi upbeat despite 16% slide
Electronics and music retailer JB Hi-Fi has reassured investors it is continuing to trade well despite its shares suffering their biggest fall in more than a year, slumping 16 per cent in the past week. The West

 

THE WEST AUSTRALIAN

Page 1: State Liberal MPs insist that Troy Buswell can replace Paul Omodei as Opposition leader, despite the deputy leader declaring that revelations about his drunken night in State Parliament had forced him to rethink wether he was ready for the top job.

Unions want a change to a visa loophole that exempts high-income foreign workers from the need to speak English, amid claims of a communication breakdown during a fatal mine accident last week.

Business: Less than two months after its takeover by Wesfarmers, supermarket giant Coles says it hopes to finalise a deal by early February which eventually could see a return to most of the meats it sells in WA being sourced locally rather than form the Eastern States.

A slump of nearly 30 per cent in the share price of West Australian Newspaper Holdings over the past three months has been blamed on a growing view that its biggest shareholder, Kerry Stokes Seven Network, is unlikely to mount a takeover bid.

Electronics and music retailer JB Hi-Fi has reassured investors it is continuing to trade well despite its shares suffering their biggest fall in more than a year, slumping 16 per cent in the past week.

Perth-based toys company Brainytoys is expected to announce the acquisition of a new UK subsidiary today.



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