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Coca-Cola profit misses estimates
1pointsCoca-Cola Enterprises Inc on Friday posted quarterly profit below analysts' estimates, hurt by weakness in the North American soft-drink business and the impact of higher aluminum prices.
INM in 1.5bn bid for Australian mediagroup
1pointsIndependent & News & Media has made an offer to buy out minority shareholders in Australia's APN News & Media in a deal that values the business at A$3.8bn (1.5bn), according to reports in Australia.
Rate rise seen for Australia
1pointsConsumer prices in Australia rose faster in the third quarter than economists had expected, government data showed Wednesday, driving up the Australian dollar as traders bet that the central bank would raise interest rates next month.
Boozing Aussies to spend $23 billion
1pointsBooze-loving Aussies will spend more than $23 billion on alcohol this year, with red wine variety shiraz and white wine variety sauvignon blanc among the favourite tipples.
Wealthy investors are buying T3
1pointsTHE race to offload the Federal Government's remaining shareholding in Telstra appears to be off to a flying start as broking firms have snapped up half the $8 billion share sale for wealthy retail clients.
$4bn T3 shares sold: Minchin
1pointsSTOCKBROKERS and financial planners have snapped up $4 billion worth of Telstra shares in the first selling stage of the T3 share offer. Finance Minister Nick Minchin says 1.1 billion shares - half of the total T3 offer - have been presold in the…
A boy bought two cows . . .
1pointsAlex Waislitz and shares go back to when he was 13 years old and lived in a small house in Ormond. One of his father's friends played the sharemarket and the youngster kept overhearing the investor saying that shares were the best way to make mone…
ANZ set for net profit as high as $3.75b
1pointsA back office workforce in India and low staff turnover in Australia has given ANZ Banking Group Ltd a $100 million edge over its rivals as it prepares to report a rise in annual earnings.
News tipped to build stake
1pointsNEWS Corporation may again increase its share in rival publisher Fairfax after it grabbed a 7.5per cent stake, industry experts and investment analysts say.
Credit card warning for Xmas shoppers
1pointsAs Australians gear up for the busy Christmas shopping period, consumers and retailers are being warned to be on the alert for credit card fraud.
Murdoch raid boosts Fairfax
1pointsShares in John Fairfax Holdings soared as much as 37 cents, or nearly 8 per cent this morning after Rupert Murdoch's News Corporation confirmed its "friendly" acquisition of 7.5 per cent of the company in a stunning $360 million off-market raid las…
Mystery swoop on Fairfax
1pointsA MYSTERY corporate buyer has taken a 7.5 per cent stake in John Fairfax Holdings in a $360 million off-market raid as the frenzy in the media sector continues.
BankWest Tower stake may fetch $140m as half owner exits
1pointsThe part owners of Perth's BankWest Tower plan to quit their 50 per cent stake in the prime St Georges Terrace property, worth as much as $140 million, following the confirmed exit of anchor tenant BankWest which will move to Raine Square.
Coles shares slump after $18bn bid rejected
1pointsOLES Myer shares have slumped after the giant grocer rejected an increased takeover offer of $18.2 billion from a consortium of private equity investors, saying it "still substantially undervalued the company and its prospects". The offer of $15.2…
Seven ups WAN stake
1pointsKERRY Stokes' Seven Network has taken a 14.9 per cent stake in Perth's West Australian Newspapers Holdings worth about $342 million. The moves come as giant media companies battle for Australia's limited media assets and position themselves in tim…
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