26/02/2008 - 06:50

Today's Business Headlines

26/02/2008 - 06:50

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WANH chief digs in for board battle with Stokes; Allco's last-ditch bid for survival; Mining pay goes through roof for execs in hot demand; Higher bid sees Zinifex win campaign for Allegiance; Challenger ponders funds' fate after 5% dip

WANH chief digs in for board battle with Stokes
WA Newspapers Holdings chairman Peter Mansell said last night a peace deal with Kerry Stokes' Seven Network was unlikely, paving the way for a bitter battle for boardroom control in the newspaper publisher. The West

Allco's last-ditch bid for survival
Allco has been forced to slash staff and sell assets in an attempt to hold off its bankers. Super funds have been hit hard in the extreme share market volatility. The Fin Review

Mining pay goes through roof for execs in hot demand
As Prime Minister Kevin Rudd calls for executives to show more restraint in remuneration growth, the mining sector has moved ahead with generous wage rises to executives. The Australian

Higher bid sees Zinifex win campaign for Allegiance
Zinifex has partly plugged the production hole that will come with the 2016 end to its mainstay Century zinc mine in Queensland by securing the endorsement of Allegiance Mining for an increased $887 million takeover bid for the emerging Tasmanian nickel miner. The West

Challenger ponders funds' fate after 5% dip
Challenger Financial Services Group will consider delisting its property and infrastructure funds after their poor sharemarket performance contributed to a 5 per cent fall in the group's first-half earnings. The West

 

THE WEST AUSTRALIAN
WA Newspapers Holdings chairman Peter Mansell said last night a peace deal with Kerry Stokes' Seven Network was unlikely, paving the way for a bitter battle for boardroom control in the newspaper publisher.

Internet service provider iiNet is planning a revenue growth push and eyeing acquisitions after consolidating its recovery form the horrors of 2006.

Challenger Financial Services Group will consider delisting its property and infrastructure funds after their poor sharemarket performance contributed to a 5 per cent fall in the group's first-half earnings.

Austal shareholders have shrugged off the prospect of a weaker second half, marking the WA shipbuilder's stock up 5 per cent as it continued its recovery from two-year lows.

Zinifex has partly plugged the production hole that will come with the 2016 end to its mainstay Century zinc mine in Queensland by securing the endorsement of Allegiance Mining for an increased $887 million takeover bid for the emerging Tasmanian nickel miner.

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