COMPANIES

Sigma says it’s working with Aspen for a better takeover deal

Sigma Pharmaceuticals said on Monday that it has been offered to closely coordinate with US drug manufacturer Aspen Pharmacare in order to fetch a much promising bid for the company, though it confirmed that Aspen’s exclusivity period has lapsed and no extensions have been made so far.

Virgin brand dispute delays Australian airline relaunch

Australia's second-largest airline Virgin Blue has postponed its relaunch until early next year as it seeks to resolve a long-running dispute with largest shareholder, Richard Branson, over its plans to own the Virgin name.
More news

Australians Spend More On Charge And Credit Cards In May

Spending by Australians on charge and credit cards including advances increased in May according to the Reserve Bank of Australia, who said $19.631 billion was spent during the month.The amount spent in May on charge and credit cards rose from $17.960 billion in April, whilst the number of transacti...

Western Australia Set To Boom In The Coming Years

Growth in Western Australia is set to explode, with forecasts by the Western Australian chamber of commerce predicting 4.5 per cent growth in the current financial year, and a leap to 6 per cent in the following financial year.The Chamber of Commerce and Industry says Western Australia has performed...

Gloucester Coal still negotiating with Noble Group

Gloucester Coal of Australia intends to raise equity to buy shares in coal mines from its loading shareholder, Singaporean-owned Noble Group, the most recent on a series of deals in the growing coal industry.

Extract reports stake sales to Japanese firm ITOCHU

Extract Resources Ltd said on Friday that it has sold a 10.3 percent stake to ITOCHU Corporation of Japan, with Polo Resources Ltd acting as the vendor by selling 9.2 percent of its stakes with the company while a Polo subsidiary party agreed to sell the remaining 1.1 percent.

Rio Tinto set to expand after tax revamp

Rio Tinto is looking to ramp up projects again after the Gillard government's switch from the resource super-profits tax (RSPT) to the minerals resource rent tax (MRRT).

Macquarie denies staff cuts

Macquarie Telecom, the hosting and telecommunications provider, denies retrenching 40 employees in customer support areas.

Ansell restructures for growth strategy

Healthcare and industrial products maker Ansell Ltd has created four global business units as a result of its company-wide review, and consequent efforts to grow through acquisitions.

BHP quiet on MRRT impact

BHP Billiton Ltd has declined to reveal the total effective tax it will pay under the Gillard government's mineral resource rent tax, according to The Australian.

Shell, Santos nearing Gladstone deal

Santos Ltd is near to signing a $2 billion contract with Royal Dutch Shell involving the sale of a stake in its coal seam gas-to-liquefied natural gas (LNG) project, according to the Australian Financial Review.

Strikeforce of 400 to fight war on locusts

Incident control centres staffed by a rolling strikeforce of up to 400 specially trained staff will be established across Victoria under a $43.5 million Victorian Government strategy to tackle what experts predict could be the biggest locust plague in the last 75 years.At Epsom north of Bendigo toda...

Boral shares fall after rights issue

Shares in Australian building materials group Boral slumped 9.6 per cent, from $4.89 to $4.40, yesterday after the completion of the $274 million institutional part of its $490 million rights issue.

Parts of Hay Point closed down for repairs

BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals of the Hay Point port, the world's biggest export harbor for coal, to carry out planned maintenance.

Higher rates for small, medium businesses

The major banks are likely to keep lifting interest rates for small and mid-sized business clients in a bid to recover funding costs. The hikes will be another hurdle for the sector, which continues to be weak.

Auckland Airport buys 25% in Queenstown

Auckland International Airport Ltd. will invest NZ$27.7 million ($19 million) buying a 25 percent stake in Queenstown Airport, which has the nation's fourth-largest number of international visitors.

New tax cost budget $35bn, report says

The Gillard government's decision to pacify mining companies by revamping the resource tax could cost the budget $35 billion in revenue this decade, a report says.

More sauce on the Australian table: trends

Australia's market for sauces, dressings and condiments is growing, with 2008 sales clocking $1.8 billion, say market research group Datamonitor, with growing health concerns, including childhood obesity, plus an increase in at-home consumption, boosting the trend.The report, Sauces, Dressings and C...

FSANZ considering food from GM cotton

FSANZ has called for public comment on a submission by Bayer CropScience to approve foods derived from genetically modified cotton, mostly in the form of oil and linters.The cotton line, GHB119, is protected against feeding damage by caterpillars by a modified gene from Bacillus thuringiensis, a soi...

Amazon.com expands grocery delivery to UK

Online retail giant Amazon has started selling grocery products in the UK, after its announcement earlier this week of a similar service in Germany.The online store will offer ambient and household products from brands like Kraft, Nestlé, PepsiCo, Proctor & Gamble and international brand suppli...

Pages