FUNDS manager IOOF said it was not aware of any information that could have caused its shares to jump 17 per cent since Tuesday.
MORE than $25 billion was wiped from Australian resources stocks yesterday as falling coal prices and concerns that record oil prices would begin to weigh on global growth started a rush for the exits.
WESFARMERS’ chairman Trevor Eastwood will step down from the post in November to be succeeded by current deputy chairman Bob Every.
PROPERTY giant Lend Lease Corporation has upped its stake in retirement homes fund Babcock & Brown Communities Group (BBC) from 6.18 per cent to 7.27 per cent.
OXIANA will sell up to 25 per cent of its Martabe gold project in Sumatra to PT Antam after signing an agreement to jointly explore and develop mineral opportunities in Indonesia.
OIL prices broke through $US145 a barrel for the first time today, with Brent North Sea crude for August delivery at $US145.01 in Asian trade.
OIL prices broke through $US145 a barrel for the first time today, with Brent North Sea crude for August delivery at $US145.01 in Asian trade.
AN unlisted fund managed by Babcock & Brown has agreed to buy two US gas distribution companies from Dominion Resources Inc for $946 million.
TEN Network Holdings plans to buy back 10 per cent of its issued stock over the next 12 months to boost its share price, which has lost half its value over the past year.
THE share market could fall below 5000 points for the first time in almost two years when trading opens today, after US shares sank overnight.
