Tag: Company News
Mergers tipped as AWB scraps dual share structure
AWB can now compete equally in the wheat market, after scrapping its dual share structure.[MORE]
Gunns shares recover ground
Shares in the Tasmanian timber company Gunns rallied late this afternoon to close at $1.40.[MORE]
James Hardie executives to face civil proceedings: ASIC
ASIC says former James Hardie executives will not face a criminal trial for allegedly breaking company law, but they will face civil proceedings.[MORE]
ADF chief denies conflict of interest over frigate party
The head of the Defence Force has rejected suggestions there was conflict of interest when a Navy frigate was used to host a sponsorship party involving a company he had shares in.[MORE]
Qantas flights cancelled over fumes in cabin
Qantas says three flights between Melbourne and Sydney have been cancelled today after fumes were detected in the cabin of a flight this morning.[MORE]
No use chasing Firepower's offshore funds: IMF
The litigation funder IMF believes shareholders in the fuel technology firm Firepower would be better off following the money trail in Australia rather than pursuing its interests offshore.[MORE]
Qantas ads under scrutiny in the UK
Britain's advertising watchdog is investigating print and television advertisements by Qantas.[MORE]
Firepower and 'stooge' boss in Navy party claims
Largest shareholder in fuel additive company Firepower has called for the business to be shut down.[MORE]
Pan shareholders, businesses to launch class action
Shareholders and businesses who suffered major losses during Australia's biggest drug recall are expected to announce a class action against the Commonwealth today.[MORE]
Firepower shareholders told to stick together
About 70 Firepower shareholders have been told it is unlikely they will see the tens of millions of dollars they have invested in the fuel technology company, unless they work together.[MORE]
BHP's Rio takeover faces Japanese scrutiny
BHP Billiton's proposed takeover of mining rival Rio Tinto is facing more scrutiny by regulators, this time in Japan.[MORE]
Breakdown shuts down Rio's Pilbara port
Rio Tinto has shut down operations at part of its Cape Lambert iron ore port after a machinery break down.[MORE]
Stokes still seeking two positions on WAN board
The Chairman of Western Australia's daily newspaper says a dispute over whether Channel 7 will have representation its board still has not been resolved.[MORE]
Horse stud's new director won't cut jobs
The new managing director of the Hunter's biggest thoroughbred stud says cutting jobs is not on his agenda.[MORE]
Gunns improves balance sheet through share offer
Tasmanian timber giant Gunns has announced it has raised $336 million through an institutional entitlement offer.[MORE]
AWB constitution set for overhaul
AWB shareholders have voted to change the company's constitution to scrap the dual class of shareholders.[MORE]
Cadia drops plans for second open pit mine
The operators of the Cadia Mine near Orange have abandoned plans for a second open pit mine.[MORE]
Altona, Marathon upgrade deposit estimates
Energy company Altona Resources has announced estimates of more than 1.2 billion tonnes of coal at its deposit in far north South Australia.[MORE]
Wakefields sale looms
Creditors of the Mildura transport firm Wakefields have been told the group is likely to be sold within 90 days.[MORE]
Monto Minerals administration worries Mayor
The Mayor of the North Burnett Regional Council, in south-east Queensland, says it is very concerning that Monto Minerals has been placed into administration.[MORE]
Marathon Resources records share increase
Marathon Resources has recorded a four-and-a-half per cent increase in its share price after announcing an upgrade of the estimated size of its uranium deposit in the Flinders Ranges.[MORE]
Dams inflow secures mine production
The future of one of the Orange region's largest employers has been secured until early next year.[MORE]
BHP plans mining extension
BHP Billiton Illawarra Coal has lodged plans with the New South Wales Government to extend its mining operations west of the Illawarra Escarpment.[MORE]
ABC Learning's UK sale to ease debts
Childcare operator ABC Learning has completed the sale of one of its UK businesses and will use the proceeds to pay off debt. [MORE]
Yarwun pipe blockage cause still unknown
Rio Tinto Alcan says it still does not know what caused a blockage in a waste pipe at the Yarwun Alumina refinery that left the plant idling for a month.[MORE]
