12/02/2008 - 06:54

Today's Business Headlines

12/02/2008 - 06:54

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Inflation to dog Rudd's first term; ERG clings to Saville's new $15m loan lifeline; WA curbs shopping centre growth, David Jones warns; Market senses Allco management buyout; Food prices rises out of step: regulator

Today's Business Headlines

Inflation to dog Rudd's first term
The battle to control inflation is set to dominate the Rudd governemnt's first term after the Reserve Bank of Australia warned yesterday that prices rises could remain "uncomfortably high" during the next election. The Fin Review

ERG clings to Saville's new $15m loan lifeline
Reclusive Sydney-based investor Duncan Saville has thrown another $15 million lifeline to troubled ticketing group ERG as it fights for survival after being thrown off Sydney's ferries, buses and trains. The West

WA curbs shopping centre growth, David Jones warns
David Jones chief executive Mark McInnes warned yesterday the company's planned WA expansion could be jeopardised by local restrictions on the size of shopping centres, even though the State has played a key role in the retailer's surging sales. The West

Market senses Allco management buyout
Strong Market speculation has indicated that Allco Finance Group founder David Coe may be about to announce a management buyout, possibly incuding Macquarie Bank, as soon as today. The Australian

Food prices rises out of step: regulator
A inquiry into the grocery industry has highlighted a dramatic rise in food prices in recent years as compared with other developed countries. The Fin Review

 

THE WEST AUSTRALIAN
Page 1: Homebuyers could face two more interest rate increases within the next three months as economists grow increasingly worried the Reserve Bank's moves to quash surging inflation may inflict serious damage on the Australian economy.

Business: Reclusive Sydney-based investor Duncan Saville has thrown another $15 million lifeline to troubled ticketing group ERG as it fights for survival after being thrown off Sydney's ferries, buses and trains.

David Jones chief executive Mark McInnes warned yesterday the company's planned WA expansion could be jeopardised by local restrictions on the size of shopping centres, even though the State has played a key role in the retailer's surging sales.

For the first time sine the November disclosure that BHP had Rio Tinto in its gun sights, BHP's proposed scrip offer is finally in the ballpark, going by yesterday's closing prices for the pair.

Investors in United Group have provided a sharp reminder of what awaits those companies which disappoint this year's profit season, carving as much as 25 per cent off the construction and engineering group's shares despite a booming profit jump.



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