Banks and Financials

ACCC Rejects NAB Acquiring AXA

The Australian Competition and Consumer Commission today decided to reject the proposed undertakings offered by National Australia Bank Limited (NAB) and AXA Asia Pacific Holdings Ltd (AXA). "The pr...

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IAG Christchurch Earthquake Update

Insurance Australia Group Limited (IAG) today said it was too early to determine the extent of damage following an earthquake which struck Christchurch over the weekend, but that it was focussed on...

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Macquarie Group Outlook Update

Macquarie Group Limited (MQG, ADR: MQBKY) today released an update to the short term outlook statement it provided to the Group’s AGM on 30 July 2010. The updated statement is outlined in a presen...

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DVN: Bacchus Marsh Residential Land Project

Leading residential developer Devine Limited (DVN) is pleased to announce it has now completed all documentation in relation to a joint venture with The Gull Group to develop anew $800 million commu...

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Devine Limited Bacchus Marsh Residential Project

Leading residential developer Devine Limited (DVN) is pleased to announce it has now completed all documentation in relation to a joint venture with The Gull Group to develop a new $800 million commun...

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ANZ National Chief Executive Steps Down

ANZ today announced that Jenny Fagg will step down as Chief Executive of ANZ National Bank in New Zealand and that Steven Fyfe, currently Deputy Chief Executive, will assume the role of Acting Chief E...

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Redcape Property Fund Hotel Sales

Redcape Property Fund (“RPF”) announces that it has exchanged contracts to sell the Mount Creek Tavern on Queensland’s Sunshine Coast for $7.25 million and the Wattle Grove Hotel in Sydney’s...

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Abacus Property Refinances Debt Facilities

Abacus Property Group has arranged new debt facilities totalling $536 million covering its existing club facility ($400 million), working capital facility ($80 million) and its Metcash portfolio facil...

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FlexiGroup $30m Challenger Placement Settlement

FlexiGroup Limited, settled a $30 million placement of rated notes to Challenger LifeCompany, as first announced on 17 August 2010. $27.8 million Class A notes have been assigned arating of AAA by F...

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GPT Group Secures $800m New Funding

The GPT Group today announced it has secured commitments for three new bank bilateral facilities, totalling up to $800 million. In what is believed to be a first for the real estate sector in Austr...

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ANZ Market Update

ANZ Market Update - Nine Months to 30 June 2010, Business momentum continues, provisions trend lower in 3rd quarter. In a market update today ANZ reported an unaudited underlying profit after tax...

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Costco to Join Westfield

Costco to join Westfield shopping centers in three U.S. markets Los Angeles, CA and Issaquah, WA The Westfield Group (WDC) and Costco Wholesale Corporation (NASDAQ: COST) today announced a multip...

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TGP Sells Melbourne Broadcast Centre

Listed property investment and development group Trafalgar Corporate Group (TGP), advises that it has today exchanged unconditional contracts with an Australian purchaser for the sale of the Melbour...

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Mount Gibson Awarded US$114m Damages

Mount Gibson Iron Limited (“Mount Gibson”) is pleased to advise that the arbitrator in the arbitrations between its subsidiaries, Mount Gibson Mining Limited and Koolan Iron Ore Pty Limited, an...

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Proposed Moorabbin Airport Acquisition

The Independent Directors of Goodman Group today announced the proposed strategic acquisition of Moorabbin Airport and business park in Victoria (the “Property” or the “Site”) for $201.5 mil...

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GEO Property Group Upgrade

Profit Upgrade and Market Update Profit Upgrade The Group now expects to report a 2009/10 full year Net Profit After Tax of approximately $18.0m, compared to a loss of $131m (including $174.1m of on...

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Verus Private Placement

Verus Investments Ltd (“Verus” or the “Company”) is pleased to announce that it will raise up to $551,250 before costs through a private placement of shares to professional and sophisticated...

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AXA Trading Halt

AXA Asia Pacific Holdings Limited – (ASX Code: AXA) Request for Trading Halt AXA Asia Pacific Holdings Limited (AXA) confirms its request that the Australian Securities Exchange (ASX) grant an ...

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Charter Hall Acquires Sydney Site

Charter Hall Group (CHC) today announced its flagship industrial wholesale fund, Core Plus Industrial Fund (CPIF), has purchased a prominent seven hectare industrial site in one of Sydney’s prime ...

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