BT Investment Management has reaffirmed its full year guidance after posting a net profit of $9.3 million for the first half of fiscal 2008.
Archive for April, 2008 Page 2 of 24
A STRIKE over pensions at a major British oil refinery ran through a second day yesterday, causing panic at filling-station pumps and propelling world oil prices to another record high.
THE Australian dollar is taking its toll on mining services giant Orica, with the exchange rate slashing about $18 million from its offshore earnings for the half-year to March 31.
INSURANCE Australia Group’s effort to stave off QBE’s “lowball” $8 billion takeover offer was dealt a potentially fatal blow yesterday after the target company issued another profit warning.
WESTPAC Bank has become the third bank in less than a week to raise its variable mortgage rates independently of the central bank due to increasing wholesale funding costs.
NATIONAL Australia Bank’s $900 million purchase of US regional lender Great Western Bank has been approved by the American central bank.
TAKEOVER target IAG has downgraded its full year earnings guidance for the second time this financial year, blaming high storm costs, widening credit spreads and soft UK personal and Australian commercial lines markets.
THE share market has opened higher, following the three-day holiday weekend, led by the financial sector.
SHARES in Wesfarmers rose today after the group raised $940 million from the sale of shares to institutional investors as part of a $2.5 billion equity raising to pay for its acquisition of retailer Coles Group.
COMMONWEALTH Bank (CBA) will spend $580 million over the next four years modernising its existing banking systems.
