COMPANIES

Seven Group Holdings (SVW)) appears all set for growth for the financial year ahead because of its annual net profit of $718 million.

Australia's second largest electricity retailer Origin Energy (OGFGF) will build multi billion liquefied natural gas (LNG) plants, four of which, to be located in Queensland.

After disclosing a loss of $464 million, Australia's brewer and wine maker Foster's Group now states that a formal decision has not yet been reached on the much speculated splitting of their wine and beer divisions.

Canadian fertilizer producer Potash Corporation (POT) moves on to urge its shareholders to reject a hostile takeover bid from Australia mining firm BHP Billiton (BBL).

The Australian and International Pilots Association (AIPA) expressed apprehensions on Tuesday that Jetstar’s accelerated pilot training program could put cadets with less experience in control of the company’s fleet of aircrafts.

New South Wales retailers expressed indignation on Tuesday as property group GPT announced its decision to abandon its $600 million Newcastle inner-city development project and blamed the state government for refusing to support the Hunter Development Corporation (HDC) renewal report.

Travel agency firm Flight Centre Ltd (ASX: FLT) said on Tuesday that it has garnered a three-fold full year profit growth for fiscal 2010, declaring that further earnings growth could be expected for the remaining part of the year.

Electricity supplier Ergon Energy issues a warning against a company offering cuts to electricity bills from a simple plug-in device.

Tiger Airways said on Tuesday that it would stop servicing routes between Adelaide and Brisbane and between Adelaide and the Gold Coast starting November 11 due to the dismal performances of the flight destinations.

Retirement village operator Aevum posted a net profit of $28.6 million in the past 12 months.

Amidst the company’s demerger plans for its beer and wine businesses by 2011, brewer and winemaker Foster’s Group Ltd (ASX: FGL) reported on Tuesday that it suffered an annual net loss of $464 million for fiscal 2010.

The Aspen Group closes with a share price of 45 cents after announcing a flat full-year profit.

The Australian Chamber of Commerce and Industry (ACCI) urges companies and other interest groups to maintain business activities in spite of the uncertainty that looms in government.

Caltex Australia is another company that continues to benefit from the strong Australian dollar and the volatility of market forces.

Personal savings may still hit the lows in the decades ahead as more Australians are likely to invest in pensions.

The Liquidator of the failed Allco Finance Group has asked for monetary aid from the Australian Securities and Investment Commission (ASIC) to continue an investigation into a series of ''potential offences'' resulting from alleged breaches of the Corporation Act.

Utility investment firm Spark Infrastructure Group (ASX: SKI) said on Monday that its first half profit for the current year suffered a retreat of almost 20 percent but the decline could be easily reversed as the company projects firm movements on its electricity distribution operations this year.

Mining firm Gindalbie Metals Ltd (ASX: GBG) jumped to the next stage of its Karara iron ore project as it announced on Monday that it has inked a deal with Oakajee Port and Rail that would define its use of the deepwater port near Geraldton in Western Australia.

In the past three years, McDonald's in Australia has opened 50 new stores to meet the rising demand for its fast food products. The new stores brings the total number of McDonald's outlets in Australia to 811.

The Australian mining company BHP Billiton could find itself in the middle of the conflict between the Sahrawi people and the Moroccan government due to its bid for the Canadian fertilizer firm Potash Corporation.

The health care industry hopes for a new government that would listen.

The United Kingdom's SAB Miller plans to buyout Australia's largest brewer, the Foster's Group (formerly Carlton and United Breweries) for $A 12.22 billion. The deal would partly put the London-listed brewer in a strategic position to grab the market from Belgium-based Anheuser-Busch inBev.

Potash Corporation chief executive Bill Doyle could be richer by $US445.4 million if BHP Billiton's hostile bid succeeds.

The Australian organic industry is tipped this year to become an AUS$1 Billion industry, according to independent research report commissioned by the Biological Farmers of Australia (BFA).

The 40 year old wine producer expressed fears mine tunnels would affect the quality of the soil in which their vineyards thrive. The Margaret River Wine Industry Association (MRWIA) boldly approached the State government about the possible effects.

Automotive retail and logistic specialist Automotive Holdings Group Ltd (ASX: AHE) said on Friday that it saw soaring full year net profit for 2010 which it attributed to the country’s rising trade conditions.

ANZ Banking Group Ltd (ASX:ANZ), one of the big four alongside Commonwealth Bank, Westpac and National Australia Bank, announced on Friday a 37 percent rise in third quarter net profit as bad debts declined.

The world's largest fertilizer company seeks alliances with national financial institutions in order to shake off BHP Billiton from its hostile bid. Potash Corporation is even considering Chinese Banks.

Airport link specialist BrisConnections Management Company Ltd (ASX: BCSCA) said on Friday that construction of the $5.6 billion Brisbane road project is more than fifty percent complete though it added that the company posted a much lower profit for the current full year.