Goldman Sachs upgrades UGL to BUY with a price target of $18.54 [More]

Leighton said its subsidiary, Leighton Asia, had been awarded a $463m contract to construct the Tse Uk Tsuen to Shek Yam section of the Guangzhou – Shenzhen – Hong Kong Express Rail Link (“XRL”). [More]

SEEK said it has increased its stake Malaysian based provider of employment websites JobStreet Corporation Berhad from 10.1% to 21.3% after paying a consideration of $23.5m. [More]

GWA International said it has entered into an agreement with Carrier Air Conditioning Pty Ltd to acquire the business and assets of Brivis Climate Systems for $50 million. [More]

Ausenco said it has been awarded a $9.6m Engineering, Procurement and Construction Management contract for the magnetite extraction plant at Xstrata Copper’s Ernest Henry Mining operation located in north west Queensland. [More]

Coffey International announced the acquisition of Global Justice Systems and Libra Advisory Group Limited for a total of $8.32m. [More]

Qantas Airways announced that chief financial officer, Colin Storrie, intends stepping down and resigning from the board. [More]

Leighton Holdings announced that subsidiary Leighton Asia Limited has signed an addendum lifting the four-year suspension of the Toka Tindung gold project in Indonesia. [More]

Corporate Express reported a 9.4% drop in profit for the year to 21 January 2010 to $57.2 million. [More]

Toll shares had slumped over 13% by mid-afternoon, after saying its profit fell 32% to $107m for the six months to 31 December 2009 against the previous corresponding period. [More]