Recently added articles from Australasian Business Intelligence:
Half-million wasted on canned ad.
Jul 01, 2009 ... Byline: Michael Stedman Jul 01, 2009 (The Mercury - ABIX via COMTEX) -- Tasmanian Premier David Bartlett has conceded that a total of close to $A500,000 of public funds was spent on producing a TV advertising campaign for tourism in the state that ended up not being used. He ...
Office sector sprouts its own green shoots.
Jul 01, 2009 ... Byline: Cathy Saunders Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- The office segment in the commercial property sector of Western Australia is showing signs of recovery, with institutional investors recently finding private buyers for assets in six separate ...
Fogarty adds to wine stable.
Jul 01, 2009 ... Byline: Rachel Donkin Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- As part of a strategy to focus on larger, more profitable bands and assets in its wine division, alcoholic beverages group Lion Nathan has divested the Smithbrook operation in Western Australia to ...
Delay looms for Browse LNG.
Jul 01, 2009 ... Byline: Peter Klinger Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- Woodside Petroleum has been unsuccessful so far in its efforts to get the other parties in the Browse Basin LNG development to agree on the location of a processing hub for the $A25bn joint venture. It ...
BC Iron grows out of juniors class with aid of Fortescue.
Jul 01, 2009 ... Byline: Kate Emery Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- The agreement struck on infrastructure sharing between BC Iron and the larger Fortescue Metals Group has boosted the outlook for the former, as many fellow small resources firms are struggling. As a ...
Paladin trims Namibian mine expansion.
Jul 01, 2009 ... Byline: Peter Klinger Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- Despite analysts' forecasts for an upgrade to as much as six million pounds per annum at its Langer Heinrich uranium mine in Namibia, owner Paladin Energy has decided to boost output to just 5.2 ...
House and boat go as Saville empire crumbles.
Jul 01, 2009 ... Byline: Cathy Saunders and Kate Campbell Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- KordaMentha as the receiver of the failed Saville Property Group is divesting both the company's assets and those owned personally by principal and MD Sam Cheir. A debt to Bank of ...
New rockfall could shut mine.
Jul 01, 2009 ... Byline: Kim MacDonald Jul 01, 2009 (The West Australian - ABIX via COMTEX) -- Western Australian Mines Minister Norman Moore has warned that BHP Billiton could be forced to close its Perseverance nickel mine at Leinster, after two serious incidents involving rockfalls within a ...
Underwriting on the wall: banking is on the way out.
Jul 01, 2009 ... Byline: Eric Johnston Jul 01, 2009 (The Age - ABIX via COMTEX) -- Patrick Snowball will be CEO of bancassurance group Suncorp-Metway for the next four years. The group is highly likely to undertake a restructuring during this period, with its banking arm the most likely division ...
Bancassurer forecasts more pain for investors.
Jul 01, 2009 ... Byline: Eric Johnston Jul 01, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- Patrick Snowball will be CEO of allfinanz group Suncorp-Metway for the next four years. The group is highly likely to undertake a restructuring during this period, with its banking arm the most ...
Record super losses could have been worse.
Jul 01, 2009 ... Byline: Annette Sampson Jul 01, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- SuperRatings has warned superannuation fund members to brace for big losses for the 2008-09 financial year. The group forecasts that the median fund will lose about 13 per cent. However, the ...
Last drinks for pub king Hedley.
Jul 01, 2009 ... Byline: Vanda Carson Jul 01, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- Eight companies associated with Australian businessman Tom Hedley have been placed in the hands of receivers. The failed companies operate Hedley's construction and pub businesses. Hedley Leisure ...
China eases stance on ore price.
Jul 01, 2009 ... Byline: John Garnaut Jul 01, 2009 (The Age - ABIX via COMTEX) -- Sources claim the China Iron & Steel Association is now ready to demand a reduction in the price of iron ore from Australian suppliers that will be less than the initial target of a 40% cut. The change in its ...
Suncorp pins hopes on Snowball effect.
Jul 01, 2009 ... Byline: Eric Johnston Jul 01, 2009 (The Age - ABIX via COMTEX) -- Allfinanz group Suncorp-Metway has appointed Patrick Snowball as its new CEO, to start in the role by September 2009. He is being recruited from UK insurance firm Towergate and previously was with Aviva, and will ...
Battle over mix-up in mail.
Jul 01, 2009 ... Byline: Elisabeth Sexton Jul 01, 2009 (The Age - ABIX via COMTEX) -- In the legal case over allegedly uncompetitive behaviour by taxi payment services provider Cabcharge, the Australian Competition & Consumer Commission has reacted strongly to a statement put out by the company ...
Treasury to yield in tax rule battle.
Jul 01, 2009 ... Byline: Ari Sharp Jul 01, 2009 (The Age - ABIX via COMTEX) -- Assistant Federal Treasurer Nick Sherry has revealed further amendments to the controversial May 2009 Budget plans for the taxing of employee share schemes, placating the business lobby. Under the latest changes, the ...
Kirk skipper of Hoyts enterprise.
Jul 01, 2009 ... Byline: Julian Lee Jul 01, 2009 (The Age - ABIX via COMTEX) -- Cinemas group Hoyts, owned by the Pacific Equity Partners private equity firm after its acquisition from West Australian Newspapers and PBL Media, has appointed David Kirk as its new CEO. He had stepped down from ...
Panel to boost Australia brand set to fail: Kennett.
Jul 01, 2009 ... Byline: Julian Lee Jul 01, 2009 (The Age - ABIX via COMTEX) -- The plan for a Brand Australia Council to promote the nation's image overseas in order to boost the tourism sector is supported by business leaders including Sir Rod Eddington, Geoff Dixon and James Strong, and will ...
No-go zone sparks equity raising of Epic proportions.
Jul 01, 2009 ... Byline: Mathew Murphy Jul 01, 2009 (The Age - ABIX via COMTEX) -- Hastings Diversified Utilities Fund has unveiled a move to raise fresh capital, and will source $A192m via a one-for-one entitlement offer and $A58m through an institutional placement. The price per share will be ...
Darwin airport shelves expansion.
Jul 01, 2009 ... Byline: Matt O'Sullivan Jul 01, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- Qantas offshoot Jetstar is still keen to use Darwin as an aviation hub, even though a proposed expansion of Darwin Airport's terminal has been shelved. Northern Territory Airports attributes ...