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Downer reports FY profit and exceeds guidance

13 Aug 2012 - Downer EDI Limited (ASX:DOW) has exceeded its full year guidance, reporting a 17 per cent rise in its underlying net profit to $195.3 million.

BlueScope $1.4B JV with Nippon Steel

13 Aug 2012 - BlueScope Steel Limited (ASX:BSL) will joint venture with Nippon Steel Corporation as it attempts to tap into the construction sectors of emerging Asian markets.

UGL FY profit falls

13 Aug 2012 - UGL Limited (ASX:UGL) says its net profit fell 15 per cent to $134.3 million in the year to June but saw a two per cent rise in its underlying net profit.

Crown plans $400M debt raising

13 Aug 2012 - Crown Limited (ASX:CWN) is planning to offer subordinated notes to raise $400 million to support its growth plans and premium commercial developments.

GPT Group expected to cut 70 jobs

13 Aug 2012 - GPT Group (ASX:GPT) is expected to announce jobs cuts today along with its half year results.

Qantas to sell Star Track stake

13 Aug 2012 - Qantas Airways Limited’s (ASX:QAN) Chief Executive Alan Joyce has revealed the airline plans to sell its stake in road freight business Star Track Express.

Pharmaxis expects to narrow FY12 loss

10 Aug 2012 - Pharmaxis Limited (ASX:PXS) expects to narrow its net loss by 16 per cent in the full 2012 financial year.

SP Ausnet Prices HK$400M offer

10 Aug 2012 - SP AusNet (ASX:SPN) has successfully priced a $400 million 15-year Hong Kong dollar bond issue to raise about $49 million Australian dollars.

Hastings responds to APA revised bid

10 Aug 2012 - Takeover target Hastings Diversified Utilities Fund (ASX:HDF) responds to APA Group’s (ASX:APA) sweetened cash-and-scrip takeover announced yesterday.

Goodman Group forecasts higher operating profit

10 Aug 2012 - Goodman Group (ASX:GMG) posts a 21 per cent increase in its fiscal 2012 operating profit which it believes will grow by 6 per cent in fiscal 2013.

Fairfax Media to consider write down

10 Aug 2012 - Fairfax Media Limited (ASX:FXJ) will reportedly today meet to canvas a $1 billion-plus write down.

Nick Scali FY profit down 22%

10 Aug 2012 - Nick Scali Limited(ASX:NCK) reports a 22.3 drop in its full year net profit.

Bendigo and Adelaide Bank sells IOOF stake

09 Aug 2012 - Bendigo and Adelaide Bank Limited (ASX:BEN) sells its 7.8 per cent stake in wealth manager IOOF Holdings Limited (ASX:IFL).

APA Group sweetens Hastings bid

09 Aug 2012 - APA Group (ASX:APA) sweetens its cash-and-scrip takeover offer for Hastings Diversified Utilities Fund (ASX:HDF).

Tabcorp casino demerger hits FY result

09 Aug 2012 - Tabcorp Holdings Limited’s (ASX:TAH) full year net profit has fallen 36 per cent, dragged down by the demerger of its casinos business.

Telstra FY net income up 5.4%

09 Aug 2012 - Telstra Corporation Limited (ASX:TLS) says its net income rose to $3.4 billion in the 2012 financial year, an increase of 5.4 per cent

Rio Tinto H1 earnings down 34%

09 Aug 2012 - Rio Tinto Limited (ASX:RIO) reports a 34 per cent drop in its underlying earnings, coming in at $US5.15 billion for the first half of its 2012 financial year.

News Corp FY net income down 56%

09 Aug 2012 - News Corp (ASX:NWS) says its net income has fallen 56 per cent to $US1.2 billion in the 2012 financial year.

Computershare FY profit drops 41%

08 Aug 2012 - Shares in Computershare Limited (ASX:CPU) have risen today despite it reporting a 40.8 per cent decline in its full year profit.

Stockland FY profit falls 35%

08 Aug 2012 - Residential property developer Stockland (ASX:SGP) booked a 35 per cent decline in its full year profit.

Endeavour to acquire Avion Gold Corp

08 Aug 2012 - Endeavour Mining Corp (ASX:EVR) is set to acquire Canadian based gold mining company Avion Gold Corporation (TSX:AVR, OTCQX:AVGCF) pending approvals.

AAC extends H1 loss

08 Aug 2012 - Beef producer Australian Agricultural Company Limited (ASX:AAC) has booked a half year net loss of $4.1 million.

AMP boss loses bonus

08 Aug 2012 - AMP Limited’s (ASX:AMP) Chief Executive Craig Dunn has lost a long-term bonus after the wealth manager failed to hit key performance targets over the past year.

OM Holdings strengthens ties with Boustead

08 Aug 2012 - Diversified minerals group OM Holdings Limited (ASX:OMH) appoints Wong Yu Loon as a nominee Director for Boustead Singapore Limited (SGX:F9D).

Leighton affirms FY profit target

07 Aug 2012 - Leighton Holdings Limited (ASX:LEI) reports a 66 per cent first half profit drop on a like for like basis and affirms its full year profit guidance.

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