The Langoulant stadium task force submits its report to Government this week, and will be recommending land next to the old East Perth power station (rather than Burswood or Subiaco) as the site for a new $800m, 60 000 seat convertible stadium.
After Macquarie started another bidding war for the energy company on Monday with its revised takeover bid, the Alinta board has today recommended shareholders accept a new $16/share offer from rival bank Babcock & Brown.
Eric Ripper's budget for 2007-08 delivers the stamp duty reductions that have been widely called for, and includes small increases in health and education, but doesn't make any big changes to the pattern of State spending.
Conscious of Labor's lead in the polls, Peter Costello has spent billions in this year's Budget to woo voters and strengthen areas like health and education where the Howard Government is perceived as weak.
The Macquarie-led consortium has admitted defeat and will not pursue legal challenges to its failed takeover, amid speculation that Qantas may now be more than half foreign-owned after frantic trading by overseas hedge funds last week.
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