28/02/2008 - 06:47

Today's Business Headlines

28/02/2008 - 06:47

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Gas giant threatens to take $20b project to NT; ABC crisis forces $50m stock dump; Westfield pins hope on resilience of US malls; BankWest strains its balance sheet; Palandri collapses under debt pile, corporate web

Today's Business Headlines

Gas giant threatens to take $20b project to NT
The Japanese company behind a proposed $20 billion gas development in the Kimberley yesterday threatened to take the project to Darwin because of its increased frustrations over what it says are regulatory hold-ups in WA. The West

ABC crisis forces $50m stock dump
ABC Learning Centres boss Eddy Groves is on the verge of losing control of the crisis-ridden company, as directors are forced to dump $52 million in shares and mystery bidders emerge with the potential to seize a controlling stake. The Australian

Westfield pins hope on resilience of US malls
Westfield Groups, the world's top shopping centre owner, yesterday assured investors that it expected income from the US malls that make up half of its global properties to hold up despite weaker retail conditions. The West

BankWest strains its balance sheet
BankWest's aggressive strategy and national expansion plans were weighing heavily on its short-term financial performance, its UK-parent disclosed last night. The West

Palandri collapses under debt pile, corporate web
Administrators last night assured Palandri's investors, creditors and suppliers they would push ahead with the 2008 vintage in a bid to maximise returns form the failed winemaker. The West

 

THE WEST AUSTRALIAN
Page 4: The Japanese company behind a proposed $20 billion gas development in the Kimberley yesterday threatened to take the project to Darwin because of its increased frustrations over what it says are regulatory hold-ups in WA.

Business: Investors yesterday wiped nearly 5 per cent of Seven Network shares as analysts questioned the group's investment strategy in the wake of a lower interim profit.

Administrators last night assured Palandri's investors, creditors and suppliers they would push ahead with the 2008 vintage in a bid to maximise returns form the failed winemaker.

Westfield Groups, the world's top shopping centre owner, yesterday assured investors that it expected income from the US malls that make up half of its global properties to hold up despite weaker retail conditions.

BankWest's aggressive strategy and national expansion plans were weighing heavily on its short-term financial performance, its UK-parent disclosed last night.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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