ORIGIN Energy, Australia’s second biggest electricity and gas retailer, has received a $12.9 billion takeover proposal from UK-based utility BG Group, pushing its shares almost 40 per cent higher.
Archive for April, 2008
TROUBLED Centro Properties Group has gone into a trading halt ahead of an expected announcement on its debt refinancing.
ORIGIN Energy has been approached by BG Group of the UK about a proposal to take over the company.
EUROPE’S biggest insurer Allianz unveiled fresh writedowns at its Dresdner Bank unit of ?900 million ($1.5 billion) from the global markets crisis and said the turmoil could hurt future profits.
VIRGIN Blue has followed Qantas and raised its airfares to help offset an unprecedented rise in the cost of jet fuel.
WORLD oil prices eased slightly today as Scottish refinery workers prepared to end a two-day strike which helped send prices to record highs.
RIO Tinto, the world’s third largest mining company, says it has reached an agreement on tax clauses for the company’s proposed $US2 billion ($2.13 billion) nickel project in Sulawesi.
TELSTRA says it is supportive of the Federal Government’s plans to construct a new national broadband network and reiterated any participation in the project must ensure that shareholder value is protected.
SHARES in iron ore group Midwest Corp have been placed in a trading halt pending an announcement about a proposed takeover of the WA based company by China’s Sinosteel.
VISA, the world’s largest credit card network, said overnight that quarterly earnings rose, helped by declining tax expense, but the company’s shares fell in after-market trading.
