15/02/2008 - 06:46

Today's Business Headlines

15/02/2008 - 06:46

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Leighton price off as market goes away; Rio fails to railroad FMG; ASX defends role as regulator while business booms; AMP defers buyback as net profit falls short of forecasts; Revealed: Why Allco is on the rack

Today's Business Headlines

Leighton price off as market goes away
The chief executive if Australia's largest construction and contract mining group yesterday said the share market had "a mind of its own" as Leighton Holdings became the latest blue-chip company to be hit by a wave of sharemarket selling, even after reporting a bumper profit result. The Australian

Rio fails to railroad FMG
Rio Tinto's attempt to ride to the rescue of takeover suitor BHP Billiton and help block an iron ore railway access application by Fortescue Metals Group has ground to a halt. The West

ASX defends role as regulator while business booms
ASX Ltd has dismissed criticism of its dual role as regulator and operator of the Australian sharemarket and claims it mismanaged last month's Tricom debacle and has lost investor confidence. The West

AMP defers buyback as net profit falls short of forecasts
AMP chief executive Craig Dunn has warned of a more challenging environment ahead, as the company shored up its position yesterday by deferring plans for a share buyback. The Australian

Revealed: Why Allco is on the rack
The troubled Allco Finance Group is trying to exit from a deal to buy a stake in a portfolio of US power stations. The fin Review

 

THE WEST AUSTRALIAN
Page 1: Kevin Rudd has forced Federal MPs to forgo their annual pay rise in a largely symbolic gesture designed to reinforce the Government's key political message that it is prepared to take tough action to lower inflation.

Business: Rio Tinto's attempt to ride to the rescue of takeover suitor BHP Billiton and help block an iron ore railway access application by Fortescue Metals Group has ground to a halt.

ASX Ltd has dismissed criticism of its dual role as regulator and operator of the Australian sharemarket and claims it mismanaged last month's Tricom debacle and has lost investor confidence.

West Australians' insatiable thirst for premium beers showed no sign of waning despite a recent showdown in overall market growth in the State, brewer Lion Nathan said yesterday.



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