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Panel orders sale of Alinta stake in APT
1pointsThe Takeovers Panel has ordered the sale of Alinta's 10.25 per cent stake in the Australian Pipeline Trust (APT). "The panel has ordered that the units in APT which Alinta acquired under the acquisitions be vested in ASIC (Australian Securities an…
Airbus A380 superjumbo faces new delay
1pointsAirbus revealed new delays for its A380 superjumbo jet, blaming a repeat of wiring installation problems which have already pushed the program a year behind schedule and hit future profits. Bowing to pressure to either confirm or deny reports of a…
Your Domain Name is Your Business!
1pointsIt is surprising the number of business’s that spend little or no time in choosing a domain name and it appears quite common for secretaries or admin staff, ISP’s, boyfriends/girlfriends of staff and even the 15 year old “IT guru” of a friend…
Share market closes down despite US lead
1pointsTHE stockmarket closed lower today, despite an infectious bout of takeover fever and a higher overnight lead from Wall St. The benchmark S&P/ASX200 index fell 2.6 points to 4995.9 and the all ordinaries gave back 3.1 points to 4959.4.
'Mobile market recovery expected'
1pointsINCOMING Singapore Telecommunications Ltd boss Chua Sock Koong expects a recovery in the Australian mobile market after a period of consolidation and growth in broadband. "We have seen some consolidation (in Australia), largely because of the comp…
Rio Tinto sells Ashton stake for $35m
1pointsDiversified miner Rio Tinto Ltd confirmed that it has sold its majority shareholding in Ashton Mining of Canada Inc, for $US26.1 million ($A34.8 million) and 25.6 million shares in pu
Thai military coup rattles markets
1pointsThailand's unexpected overnight military coup rattled Asian financial markets on Wednesday and pressured the Thai baht and other regional currencies, though its economic repercussions remained unclear.
World Bank Launches Plan to Help Women
1pointsThe World Bank on Saturday launched a four-year plan to promote greater economic opportunities for women in developing countries. The $24.5 million initiative will fund new World Bank efforts to further gender equality in areas of development that…
Australian Regulator Starts Court Proceedings Against Alinta
1pointsAustralia's national competition regulator started proceedings in the Federal Court against Alinta Ltd. in relation to the Perth-based utility's acquisition of a natural gas pipeline in Western Australia.
Bouvard kicks on with a bumper $50m profit
1pointsPERTH developer Port Bouvard has delivered a bumper profit on the back of the booming West Australian property market just two months after reversing plans to wind up the company. The group posted a $49.9 million full-year profit yesterday, which…
FPA removes Perth Chapter chair
1pointsFormer Perth Chapter chairman Julie Matheson has responded to her removal from the position by the Financial Planning Association’s (FPA) national board last week by announcing her own candidacy for the national board. Matheson was ‘permanentl…
EFTel announces $3.1m EBITDA in acquisition-heavy year
1pointsAfter an acquisition-heavy year, Perth-based internet service provider EFTel Ltd has announced an EBITDA of $3.1 million. The company has registered a a 56 per cent fall in net profit to $1.1 million for the year ended June 30, 2006 on the introdu…
WA's Evans & Tate books $63.9m net loss
1pointsStruggling winemaker Evans & Tate Ltd says it is now better equipped to deal with Australia's wine glut after booking an annual loss in a "horror year". The Western Australia-based company booked a net loss of $63.9 million for 2005/06, narrowing…
Bourse caution ahead of US inflation data
1pointsTHE Australian equity market is expected to receive a mild kick-along from last week's strong finish on Wall Street, as a fall in oil prices helped reverse losses made earlier in the week. The Dow Jones industrial average lifted 60.67 points to 11…
Forests tax scheme set to be reviewed
1pointsThousands of investors in plantation forests will have their generous tax deductions threatened under restrictions to be considered by federal cabinet. The crackdown, proposed by Assistant Treasurer Peter Dutton, is designed to tackle managed inve…
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