Finance News Network

Latest News

Infratil forecasts FY growth

05 Apr 2011 - Dual-listed Infratil (ASX:IFZ) forecasts earnings of between $415 and $435 million in the 2011 financial year.

Extract says Husab to cost $1.6B

05 Apr 2011 - Extract Resources Ltd (ASX:EXT) says that a feasibility study of its Husab uranium deposit in Namibia has confirmed that the project is viable at a cost of around $1.…

Stockland buys QLD shopping centre

05 Apr 2011 - Stockland (ASX:SGP) buys a shopping centre in Queensland, with approvals to more than double the size of the centre.

Equinox extends $4.8B hostile Lundin bid

05 Apr 2011 - Equinox Minerals Ltd (ASX:EQN) extends its $4.8 billion hostile bid for Lundin Mining and will meet to consider the takeover offer from Minmetals Resources.

Abra shares rise on Chinese takeover bid

05 Apr 2011 - Shares in Abra Mining Ltd (ASX:AII) jump over 20 per cent after it unanimously recommends a $57.5 million dollar cash takeover offer from its largest shareholder.

iSOFT surges 188% after takeover offer

05 Apr 2011 - Shares in iSOFT Group Ltd (ASX:ISF) surge over 188 per cent after agreeing to a takeover bid from Computer Sciences Corporation.

Cellestis backs $341M Qiagen takeover bid

04 Mar 2011 - Biotechnology company Cellestis Ltd (ASX:CST) recommends a $341 million takeover bid from Netherlands-based Qiagen.

Equinox receives $6.3B Minmetals takeover bid

04 Mar 2011 - China's Minmetals Resources announces a $6.3 billion takeover bid for dual-listed copper miner Equinox Minerals Ltd (ASX:EQN).

Downer awarded $60M OneSteel contract

04 Apr 2011 - Downer EDI Ltd (ASX:DOW) is awarded a $60 million contract by OneSteel Manufacturing Pty Ltd to build a plant in SA.

Atlas Iron posts shipping and export record

04 Apr 2011 - Atlas Iron Ltd (ASX:AGO) posts a March quarter shipping record and says it is on target to export 1.5 million tonnes in the June quarter.

Aussie dollar could send CSL jobs overseas

04 Apr 2011 - Plasma products manufacturer CSL Ltd (ASX:CSL) warns that a strong Australian currency could force more jobs overseas.

CBA borrowed from US Fed Reserve

04 Apr 2011 - Commonwealth Bank of Australia (ASX:CBA) borrowed $100 million from the US Federal Reserve's discount window at the height of the GFC in 2008.

Origin expects 15% FY profit lift

01 Apr 2011 - Origin Energy Ltd (ASX:ORG) expects its full-year underlying net profit to lift by 15 per cent in the 2011 financial year.

MasterChef to boost Ten revenue

01 Apr 2011 - Ten Network Holdings Ltd's (ASX:TEN) popular MasterChef program could generate an extra 50 per cent in sponsorship revenue this year.

Biota awarded $231M US contract

01 Apr 2011 - Biota Holdings Ltd (ASX:BTA) is awarded a $231 million contract from the US Department of Health and Human Services to develop influenza antiviral Laninamivir.

Virgin Blue passenger numbers fall in Feb

01 Apr 2011 - Virgin Blue Holdings Ltd (ASX:VBA) says its domestic and international passenger numbers have fallen in February from the year before.

Australand secures $140M VIC project

01 Apr 2011 - Australand Property Group (ASX:ALZ) inks a deal with the Victorian Government to develop a residential neighbourhood called Valley Park.

Newcrest Indonesian project advances

01 Apr 2011 - Newcrest Mining Ltd (ASX:NCM) receives the Indonesian government's green light to progress with its joint venture with Sumatra Copper & Gold.

Rio Paraguay plant costs likely to rise

31 Mar 2011 - Costs at Rio Tinto Ltd's (ASX:RIO) aluminium plant in Paraguay are likely to reach $US4 billion, the higher end of its earlier forecast.

Lend Lease Barangaroo hit with criticism

31 Mar 2011 - Lend Lease Group's (ASX:LLC) Barangaroo development on Sydney's waterfront has been criticised by Former Planning Minister and Labor MP Frank Sartor.

Murdoch youngest son appointed deputy COO

31 Mar 2011 - News Corporation (ASX:NWS) has appointed Rupert Murdoch's youngest son, James Murdoch, into the newly created position of deputy chief operating officer.