Company NEWS

Centrex buoyed by Port project
24 May 2013 - Centrex Metals Limited (ASX:CXM) says the South Australian Government has declared Port Spencer on the Eyre Peninsula a major project.

Crown announces Echo exit
24 May 2013 - Crown Limited (ASX:CWN) confirms it has sold its 10 per cent stake in rival Echo Entertainment Group Limited (ASX:EGP).

James Hardie predicts flat housing market
24 May 2013 - James Hardie Industries plc (ASX:JHX) says the housing market is unlikely to improve much this year but maintains the sector has now stabilised after recent interest rate cuts.

AACo books $46.5M loss
24 May 2013 - Australian Agricultural Company Limited (ASX:AAC) announces a net loss of $46.5 million in the three months to March 31.

Fortescue to fight rail access proposal
24 May 2013 - Fortescue Metals Group Limited (ASX:FMG) is likely to focus on Brockman Resources Limited (ASX:BRM) ability to fund additional infrastructure to argue against the junior's attempts to use the miner's railway.

Dulux takes on US competitiors
24 May 2013 - DuluxGroup Limited (ASX:DLX) withdraws its paint products from Masters and Danks stores to work more closely with other retailers.

AACo property passed in at auction
23 May 2013 - Australian Agricultural Company Limited (ASX:AAC) still hopes to sell its Brighton Downs Station after it was passed in at auction yesterday for $10.25 million.

Newcrest upbeat on licence renewal
23 May 2013 - Newcrest Mining Limited (ASX:NCM) says its confident an exploration licence over a parcel of land near its Cadia East project in NSW will be re-confirmed.

Watpac downgrades profit guidance
23 May 2013 - Watpac Limited (ASX:WTP) downgrades its profit guidance to between $3 million and $9 million, a fall on the $15.3 million posted last year.

James Hardie profits tumble
23 May 2013 - James Hardie Industries’ PLC (ASX:JHX) full year net profit falls sharply owing to changes to its asbestos liabilities and the impact of court action with the tax office.