Archive for March, 2008

Petrol prices easing across nation

THE national average price for unleaded petrol is easing off a near record high, new figures show.

Solomon Lew offers $900m for Just

RETAIL mogul Solomon Lew has put up a $900 million takeover offer for Just Group Ltd, confirming long-held speculation the billionaire investor had designs on the clothing firm.

Northern Rock tipped to post loss

NATIONALISED British bank Northern Rock, which will post its annual results overnight, is widely forecast to swing into the red because of the global credit crunch, the UK’s Sunday Times reported.

US CEO pay hit by rough market

CHIEF executives of large US companies got lower total bonus pay overall last year, a reflection of tumultuous business conditions, according to a study of 178 corporations that have reported 2007 pay data.

Some light for share market

THE Australian share market managed this week its largest gain since last August, despite another poor lead from Wall Street.

$1bn broker crash, super at risk

THE $1 billion-plus collapse of a stockbroking firm has threatened millions of dollars worth of Australian retirees’ superannuation savings.

Millions risked by broken crash

INVESTORS could lose hundreds of million of dollars following the shock collapse of Melbourne finance house Opes Prime.

Allco faces monster Realty check

ALLCO has raised the white flag on its troubled Record Realty Trust, tossing up between a massive $2.1 billion of asset sales or a full-scale disposal of the whole trust.

Andrew Peacock quits MFS in turmoil

MFS boss Craig White declined to shoulder the blame for the group’s parlous financial state at a shareholder meeting yesterday as former Liberal leader Andrew Peacock announced he will quit as company chairman.

Allco faces monster Realty check

ALLCO has raised the white flag on its troubled Record Realty Trust, tossing up between a massive $2.1 billion of asset sales or a full-scale disposal of the whole trust.





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