ORIGIN Energy shares jumped to a record high in early trading after the power retailer rejected an improved $13.6 billion takeover offer from UK-based BG Group.
Archive for May, 2008 Page 2 of 31
SHARES in forestry products supplier Gunns opened lower today, after the ANZ withdrew funding for its controversial $2 billion pulp mill project in Tasmania’s Tamar Valley.
ORIGIN Energy has knocked back a $13.6 billion takeover offer from BG Group of the UK because it does not reflect the value of is assets and future potential.
THE securities of Centro Properties Group and Centro Retail Group have been placed in trading halts pending an announcement.
ANZ is considering paying Opes Prime clients $350 million in compensation for liquidating their share portfolios, in an effort to put an end to the damage the bank has incurred from the fallout from the broker’s collapse.
WIZARD Home Loans founder and chairman Mark Bouris has finally come clean over his clandestine plan to regain control of the struggling mortage provider less than 24 hours after categorically denying on national television he had been “hatching a plan” to do so.
NATIONAL Australia Bank will cut its mortgage broker commissions and introduce a gradually increasing trail fee in the expectation brokers develop longer-term clients.
FORTESCUE Metals Group may have become one of Australia’s biggest companies but it failed to comply with 50 per cent of corporate governance standards deemed necessary by a new study.
RIO TINTO has forecast that global minerals demand will double in the next 14 years, as the miner resumes its defence against BHP Billiton’s hostile bid.
AN overwhelming majority of Telstra T3 shareholders are believed to have met yesterday’s deadline to pay the final $1.60 instalment on their securities.
