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Australia's second largest beer manufacturer, Lion Nathan (LNN), reaffirmed its annual profits forecast on escalating sales of its beers including XXXX Gold and Tooheys Extra Dry. Chief Executive Officer, Rob Murray's efforts have finally started to pay off in three years. For past three years, he had posted little or no profits at all since past three years and pushed all money towards advertising, marketing and promotion of its brands. Advertisement: read more

Australia's second largest beer manufacturer, Lion Nathan (LNN), reaffirmed its annual profits forecast on escalating sales of its beers including XXXX Gold and Tooheys Extra Dry. Chief Executive Officer, Rob Murray's efforts have finally started to pay off in three years. For past three years, he had posted little or no profits at all since past three years and pushed all money towards advertising, marketing and promotion of its brands. Advertisement: read more

Macquarie Group (MQG) announced a solid start for the current fiscal year; however, it cautioned that it would be difficult to repeat last year's performance owing to the ongoing credit crisis round the globe. The market gave a sigh of relief on firm's sound footings and the same reflected in its share prices as well. Advertisement: read more

Macquarie Group (MQG) announced a solid start for the current fiscal year; however, it cautioned that it would be difficult to repeat last year's performance owing to the ongoing credit crisis round the globe. The market gave a sigh of relief on firm's sound footings and the same reflected in its share prices as well. Advertisement: read more

Sydney based property investor group, Mirvac Group (MGR), announced that it expects to slash its dividends to its shareholders by 39 percent. Owing to the ongoing credit crunch in the global market, the company announced that the shareholders shall get a dividend of 20 cents a share in the fiscal year ending June 2009 as compared to last fiscal when they received 32.9 cents a share. It also announced that it expected a drop of nearly 24 percent in its earnings in its current earnings in the current year. Advertisement: read more

Sydney based property investor group, Mirvac Group (MGR), announced that it expects to slash its dividends to its shareholders by 39 percent. Owing to the ongoing credit crunch in the global market, the company announced that the shareholders shall get a dividend of 20 cents a share in the fiscal year ending June 2009 as compared to last fiscal when they received 32.9 cents a share. It also announced that it expected a drop of nearly 24 percent in its earnings in its current earnings in the current year. Advertisement: read more

Australia's biggest retailer, Woolworths Ltd., met its full year profit forecast even as the country reels under rising fuel prices and escalating borrowing costs which slowed down the fourth quarter sales to just 7.5 percent. Earnings before interest and tax (EBIT) is expected to grow faster than sales as net profits seem to fall in the growth range of 21 percent to 25 percent. The retailing giant marked rise in total sales for 53 weeks ended June 29 to $47.035 billion or 10 percent higher. On normalised basis, that excludes extra trading week in the year, the sales were up by 8.7 percent. Advertisement: read more

Australia's biggest retailer, Woolworths Ltd., met its full year profit forecast even as the country reels under rising fuel prices and escalating borrowing costs which slowed down the fourth quarter sales to just 7.5 percent. Earnings before interest and tax (EBIT) is expected to grow faster than sales as net profits seem to fall in the growth range of 21 percent to 25 percent. The retailing giant marked rise in total sales for 53 weeks ended June 29 to $47.035 billion or 10 percent higher. On normalised basis, that excludes extra trading week in the year, the sales were up by 8.7 percent. Advertisement: read more

Allco Finance Group has reached a refinancing agreement with its syndicate banks on the new senior debt facility which would see the asset manager to bring down its debt to $400 million in next one year. Allco has not only gained support of its bankers, but it shall also be working on two new investment funds housing up to $1 billion in aviation and shipping. Advertisement: read more

Allco Finance Group has reached a refinancing agreement with its syndicate banks on the new senior debt facility which would see the asset manager to bring down its debt to $400 million in next one year. Allco has not only gained support of its bankers, but it shall also be working on two new investment funds housing up to $1 billion in aviation and shipping. Advertisement: read more

Troubled Centro Properties Group has decided to go ahead with its sell-off of its US properties to reduce its debts. It has announced that it shall sell 29 of its 31 properties in Centro America Fund (CAF) at a 10 percent discount of its book value. Centro America Fund (CAF) is a wholesale fund managed by the Centro Group where Centro Properties held 46.65 percent stakes. Centro Properties has decided to go ahead with its plans to sell its assets to a private real estate investment advisor in order to provide liquidity to the balance sheet and pay down its outstanding indebtedness. Advertisement: read more

Troubled Centro Properties Group has decided to go ahead with its sell-off of its US properties to reduce its debts. It has announced that it shall sell 29 of its 31 properties in Centro America Fund (CAF) at a 10 percent discount of its book value. Centro America Fund (CAF) is a wholesale fund managed by the Centro Group where Centro Properties held 46.65 percent stakes. Centro Properties has decided to go ahead with its plans to sell its assets to a private real estate investment advisor in order to provide liquidity to the balance sheet and pay down its outstanding indebtedness. Advertisement: read more

Toll Holdings, the largest shareholder in Australia's second largest Airline, Virgin Blue Holdings plans to scrape its majority stakes in the airlines. Virgin Airlines is also Australia's biggest freight carrier owned by Virgin Group. Toll shall offload its holdings via a special dividend scheme according to which Toll shareholders shall get one share of Virgin Blue for every Toll share they own. Advertisement: read more

Toll Holdings, the largest shareholder in Australia's second largest Airline, Virgin Blue Holdings plans to scrape its majority stakes in the airlines. Virgin Airlines is also Australia's biggest freight carrier owned by Virgin Group. Toll shall offload its holdings via a special dividend scheme according to which Toll shareholders shall get one share of Virgin Blue for every Toll share they own. Advertisement: read more

GPT Group was the overall worst performing stock taking in a 36.58 percent decrease. Among the worst performing stocks for the week 28 of 2008 on the Australian sharemarket were a mixture of real estate business and property management companies: GPT Group (GPT), Mirvac Group (MGR), Stockland (SGP), Macquarie DDR Trust (MDT). These worst performing stocks for week 28 of 2008 recorded losses above 17.39 percent and all of these companies were real estate companies. Advertisement: read more

Perilya (PEM) was the overall best performing stock taking in a 20.96 percent increase. It was a mixture of toll road development, infrastructure services, steel manufacturing, and mining companies who were among the best performing stocks for the week 28 of 2008 of the Australian sharemarket: Transurban Group (TCL), Babcock & Brown Infrastructure (BBI), BlueScope Steel (BSL), Perilya (PEM), Macarthur Coal (MCC). These best performing stocks managed gains above 10.04 percent by the end of the trading week. Advertisement: read more

GPT Group was the overall worst performing stock taking in a 36.58 percent decrease. Among the worst performing stocks for the week 28 of 2008 on the Australian sharemarket were a mixture of real estate business and property management companies: GPT Group (GPT), Mirvac Group (MGR), Stockland (SGP), Macquarie DDR Trust (MDT). These worst performing stocks for week 28 of 2008 recorded losses above 17.39 percent and all of these companies were real estate companies. Advertisement: read more

Perilya (PEM) was the overall best performing stock taking in a 20.96 percent increase. It was a mixture of toll road development, infrastructure services, steel manufacturing, and mining companies who were among the best performing stocks for the week 28 of 2008 of the Australian sharemarket: Transurban Group (TCL), Babcock & Brown Infrastructure (BBI), BlueScope Steel (BSL), Perilya (PEM), Macarthur Coal (MCC). These best performing stocks managed gains above 10.04 percent by the end of the trading week. Advertisement: read more

Babcock & Brown Power (BBP) was the overall best performing stock taking in a 41.24 percent increase. It was a mixture of road development, asset management, aviation, power, utility infrastructure, and media companies who were among the best performing stocks for the week 27 of 2008 of the Australian sharemarket: ConnectEast Group (CEU), Babcock & Brown (BNB), Macquarie Airports (MAP), Babcock & Brown Power (BBP), Spark Infrastructure (SKI), Seven Network (SEV). These best performing stocks managed gains above 9.61 percent by the end of the trading week. Advertisement: read more

Babcock & Brown Power (BBP) was the overall best performing stock taking in a 41.24 percent increase. It was a mixture of road development, asset management, aviation, power, utility infrastructure, and media companies who were among the best performing stocks for the week 27 of 2008 of the Australian sharemarket: ConnectEast Group (CEU), Babcock & Brown (BNB), Macquarie Airports (MAP), Babcock & Brown Power (BBP), Spark Infrastructure (SKI), Seven Network (SEV). These best performing stocks managed gains above 9.61 percent by the end of the trading week. Advertisement: read more