21/02/2008 - 06:36

Today's Business Headlines

21/02/2008 - 06:36

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ANZ's higher exposure to Centro; Woodside seeks more gas; Multiplex puts tower stake on the market; Trustee backs off from move on Palandri arm; Coffee price rise - it's bean a long time coming

Today's Business Headlines

ANZ's higher exposure to Centro
ANZ Bank has a larger than expected $680 million unsecured exposure to ailing property group, Centro. The Australian

Woodside seeks more gas
Woodside Petroleum expects to find at least anther one trillion cubic feet of gas around its Pluto field this year, and possibly up to 3tcf, as it battles to secure enough reserves to justify the development of a second processing train for the key $12 billion project. The West

Multiplex puts tower stake on the market
Mutliplex's half share in Perth's BankWest tower is for sale for about $200 million in what is seen as a test of the strength of the Perth market since the global credit crunch. The West

Trustee backs off from move on Palandri arm
The Queensland Public Trustee has backed off from putting receivers into Palandri's crippled financing arm as company-appointed administrators continued to sift through the tangled mess of financing arrangements. The West

Coffee price rise - it's bean a long time coming
Coffee prices could be set to rise as cafe owners face higher coffee bean prices, plus increases in rent, transport and milk costs. The Fin Review

 

THE WEST AUSTRALIAN
Business: Woodside Petroleum expects to find at least anther one trillion cubic feet of gas around its Pluto field this year, and possibly up to 3tcf, as it battles to secure enough reserves to justify the development of a second processing train for the key $12 billion project.

Fears that the credit crunch is threatening to claim another high-profile victim jolted financial markets yesterday, sending the Australian stockmarket plunging more than 100 points in the last two hours of trading.

Mutliplex's half share in Perth's BankWest tower is for sale for about $200 million in what is seen as a test of the strength of the Perth market since the global credit crunch.

The Queensland Public Trustee has backed off from putting receivers into Palandri's crippled financing arm as company-appointed administrators continued to sift through the tangled mess of financing arrangements.

Fast-growing engineering group MacMahon Holdings has put its acquisition aspirations on ice until financial markets settle and company valuations become clearer.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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