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Australia’s Ausdrill warns on profit fall as mining slows
MELBOURNE, April 17 (Reuters) – Australian mining services firm Ausdrill warned on Wednesday its full-year profit would fall around 17 percent, hit by a worse-than-expected slowdown in mining…
UPDATE 2-Chairman of Australia’s Leighton quits in row with Hochtief
* Leighton shares hit near two-month low (Rewrites with Hochtief comment, letter of resignation)
Australia’s Billabong says director weighs LBO, shares jump
MELBOURNE (Reuters) – Australian surfwear company Billabong International Ltd , which had potential buyers withdraw takeover offers last month, said on Monday one of its directors wanted to…
Australia’s APA wins regulatory nod for $1.1 bln Hastings bid
SYDNEY, July 19 (Reuters) – Australian gas distributor APA Group won regulatory approval for its A$ 1.1 billion ($ 1.1 billion) hostile bid for rival Hastings Diversified Utilities Fund but still trails a competing bid from a consortium including a … Continue reading
TEXT-S&P: Australia’s QT Mutual Bank Ltd. Rated BBB+/Stable/A-2
– Standard & Poor’s has assigned its ‘BBB+/A-2′ issuer credit ratings to Australian-based QT Mutual Bank Ltd. (QTMB)
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Tagged Australia's, bank, BBB+/Stable/A2, Ltd., mutual, rated, TEXTS&P
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Genting takes stake in Australia’s Echo, sparks takeover talk
MELBOURNE/SINGAPORE (Reuters) – Singapore gaming operator Genting said on Friday it had taken a stake in Echo Entertainment , raising the prospect of a battle for control over the $ 3 billion…
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Tagged Australia's, Echo, Genting, sparks, stake, takeover, takes, talk
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Australia’s David Jones core third quarter sales fall 3.1 percent
MELBOURNE (Reuters) – David Jones , Australia’s No.2 department store chain, missed analyst forecasts with a 3.1 percent fall in third-quarter same-store sales but said the rate of decline had…
Australia’s Brambles says further delay to Recall sale
SYDNEY, May 23 (Reuters) – Australia’s Brambles Ltd , the world’s top pallet supplier, on Wednesday announced a further delay to the sale of its Recall information management business, which it values at around $ 2 billion.
Australia’s NAB to restructure UK banks, H1 cash profit up
MELBOURNE, April 30 (Reuters) – National Australia Bank will restructure its UK banks at a cost of 195 million pounds ($ 317 million) after deciding it was too hard to sell the business and too hard…
BRIEF-Moody’s comments on Western Australia’s 2012/13 Budget
* Moody’s says Western Australia, the country’s fastest growing state, has strong prospects for further economic growth. These prospects, underpin its ample financial flexibility and will help it to…