COMPANIES

Ausenco wins Chatree North Gold Project

Global diversified engineering services and project management group Ausenco Ltd (ASX: AAX) announced today it has won the contract for the US$100 million processing plant upgrade of Kingsgate Consolidated Limited's Chatree North Gold Project in Thailand.

Macquarie starts up crop fund

Macquarie Agricultural Funds Management, which is part of investment firm Macquarie Group (ASX:MQG), has launched a new crop fund focusing on grain and oilseed production in Brazil and Australia.
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Agency advice on scombrotoxic fish poisoning

The UK Food Standards Agency is reminding caterers and consumers of the importance of refrigerating fish properly, following a number of incidents involving scombrotoxic fish poisoning during the (UK) summer.Scombrotoxic fish poisoning is linked to eating fish from the family that includes tuna, mac...

Bonne Maman relaunched

Leading premium brand, Bonne Maman, is being relaunched in Australia by national food marketing and distribution business, Menora Foods.Bonne Maman, the unrivalled market leader in France with more than 35 percent of market share, is now available in Australia at leading independent supermarkets and...

NAB Endorses Credit Card Law Reform

Australian banking major, National Australia Bank, once again differentiating itself from its big four rivals over exception fees, says that credit card law reform would benefit consumers.Lisa Gray, who runs the lenders personal banking division says that NAB has already implemented changes to its c...

Australian M&A Activity Drops

Mergers and acquisition (M&A) activity within the Australia and New Zealand region has slowed during 2010, with the values of transactions more than halving this year.Whilst the number of deals fell to their lowest level in over four years, according to a report authored by Thompson Reuters sug...

AVJennings bounces with $9.6m profit

Australian residential developer AVJennings (ASX:AVJ) is back in positive territory after offloading its loss-making contract building business.

David Ryan leaves Transurban

David Ryan, the controversial chairman of Transurban (ASX:TCL), a leading international toll road developer in Australia, has stepped down. His resignation spared him a confrontation with furious shareholders at the annual meeting in October.

Telstra shares at record low

Shares in Australia's telecom giant Telstra Corporation Ltd (ASX: TLS) have plummeted to a record low, intensifying yesterday's loss of almost 10 per cent due to unsatisfactory full-year results.

SME confidence declines -NAB

National Australia Bank (ASX: NAB) said small- and medium-size enterprises confidence has declined, two days after announcing a delay in its projected business banking growth.

Telstra signs SouFun private equity deal

Telstra Corporation Ltd (ASX: TLS) announced today that private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun Holdings Ltd, China's second-largest online real estate website where the Australian telecom giant is major shareholder.

Australian cattle industry cuts emissions by 6.5% per kg of beef produced

* Australia's beef industry has consistently reduced emissions intensity for producing beef since 1990* Continued R&D aims to find ways to further reduce emissions while increasing productivityMeat and Livestock Australia (MLA) this week announced that the Australian beef industry has achieved a...

New Age drinks energize Aussie drinks market

According the recently released 2010 Wider Beverages Report by leading market information company Nielsen? the latest trends in the Australian beverage marketreflects a world where people are spending more on their favourite beverages but overall consuming less.The report reviews the wider beverage...

RUSSIA: Danone refutes Seventh Continent pricing claims

Danone has refuted claims from Russian grocery retailer Seventh Continent that it has increased its wholesale prices in the country by up to 31%.The French food giant confirmed there had been an increase but not to the extent claimed by Seventh Continent."Danone has increased prices for its products...

Leadership Change At St. George

Rob Chapman chief executive of BankSA has been appointed by Westpac as a replacement for outgoing St. George chief executive Greg Bartlett.Westpac which acquired St. George in 2008 for $15 billion announced on Friday that Mr. Bartlett would be retiring from his position as chief executive of St. Geo...

CBA Widely Expected To Raise Interest Rates Independently

Australian banking major, CBA may become the first lender to raise its interest rates independently of the Reserve Bank of Australia.In justifying its decision, the lender said that its net interest margin was under pressure from higher costs.CBA, which this week reported the highest ever profits fo...

Australian Vintage seeps back to profit, readies for further growth

Wine maker Australian Vintage Ltd (ASX: AVG) said on Thursday that it has returned to profit status as consumers shifted their preference for branded wines and a sustained cost-reduction scheme earlier implemented conspired to deliver impressive results for the company.

Optus boasts strong growth

Australian telecommunications carrier Optus has recorded its strongest growth in five years with its net profit in the three months to June showing steep increase.

Myer's full-year sales improve

Australian department store chain Myer (ASX: MYR) today reported a 0.7 per cent increase in full-year sales and forecast earnings before interest and tax (EBIT) to exceed previous guidance.

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