Not All Dividends Go to Shareholders: Bankers
Australia is in a fortunate economic position and this has enabled Commonwealth Bank, Westpac, NAB and ANZ to deliver dividends, but bankers on Thursday explained that not all dividends go to shareholders.
Harcourts to Sell Famous Walter Peak Estate
Harcourts Queenstown has been instructed to sell seven of the nine titles at the world renowned Walter Peak Estate by Mortgagee Deadline sale.
BP Begins Construction of Dandenong Truckstop
BP, the largest supplier of fuel to Australia’s industrial sector, has commenced construction of a new Truckstop at Dandenong.
Sony Entertainment Cranks Up the Music on Android
Sony Network Entertainment’s Music Unlimited cloud-based, streaming digital music service is now available for the Android-based Sony Tablet worldwide.
Abbott Laboratories to Split into Two Separate Firms
Abbott Laboratories plans to separate into two publicly traded companies, one in diversified medical products and the other in research-based pharmaceuticals.
UDP Buys Lion’s Murray Bridge and Jervois Cheese Factories
United Dairy Power (UDP), one of Australia's largest privately owned independent dairy companies, has successfully acquired Lion’s Murray Bridge and Jervois factories in South Australia.
Leighton Disputes S&P Credit Rating Downgrade
Leighton Holdings on Thursday disputed Standard & Poor’s Rating Service’s (S&P) decision to downgrade its credit rating from ‘BBB/A-2’ to ‘BBB-/A/3’, claiming it was not a true reflection of the company’s credit quality.
Australian Cities Report Sets Stage for Infrastructure Reform
The State of Australian Cities 2011 sets the stage for the implementation of much-need planning reform coupled with a major boost to infrastructure spending, said the Property Council of Australia and the Residential Development Council (RDC) on Thursday.
Leighton Secures US$600 Million Lease Facility for Indonesia Expansion
Leighton Holdings had successfully closed a US$600 million syndicated Master Lease Facility, which provides the company’s two operating subsidiaries in Indonesia with additional capacity to fund their expanding mining activities in the country.
Property Sector Warns of Hurdles to Achieving Sustainable Canberra
The ACT Planning Strategy, which aims to make Canberra a more sustainable city into the future, will not be achieved unless the government reviews and recasts other policies that will directly work against achieving this outcome, the Property Council of Australia has warned.
Virgin Starts Flights Between Brisbane and Port Macquarie
Virgin Australia has begun daily return services between Brisbane and Port Macquarie with new ATR turbo prop aircraft, as it continues to expand its regional presence.
Labor Shortage Threatens to Cripple Australian Mining
Recent labor market research shows Australia’s $427-billion worth of resource projects will struggle to survive the crippling labour and skills shortage. Resource industry employer group AMMA says only a united front from all tiers of government can alleviate the imminent threat to many prospective workplaces.
Australian Consumers Poised to Spend this Christmas; Financial Well-Being Improves
Households are steadily gaining confidence in their financial well-being, with 28 per cent of Australians prepared to start spending again over the festive season, following a period of frugality and personal debt reduction – according to the latest ING Direct Financial Well-being Index.
CSL to Buy Back A$900m Shares
After finalizing some fresh debt from banks and U.S. private investors, CSL Limited, the world's second biggest blood products maker, said it plans to buy back A$900 million of its shares.
Virgin Australia Boosts Capacity amid Qantas Strike
Virgin Australia announced on Wednesday it would provide additional capacity over the coming months to meet market requirements and to minimize the impact of ongoing Qantas industrial action on the Australian travel and tourism industry.
Hungry Jack’s Revamps Slogan amid Increased Health Focus
Hungry Jack’s is replacing its slogan from ‘The Burgers are Better Hungry Jack’s’ to ‘Hungry Jack’s makes it better’ as the fast-food giant aims to expands its menu and increase its health focus.
iPhone 4S Breaks Sales Records in Just 3 Days
Just three days after its launch on October 14, Apple announced it has sold over four million of its new iPhone 4S.
Aussie Growers Seek Tighter Controls After Quarantine Rejects NZ Apples
Commercial apple and pear growers in Australia have expressed dismay after a Senate Estimates hearing on Monday heard that Australian quarantine officials have rejected just under a quarter of consignments of New Zealand apples.
Solar Panel Supplier Launches System for ‘Lowest’ Levelized Cost of Electricity
Solar panel manufacturer SunPower Corp. today launched a solar photovoltaic tracking system that concentrates the sun's power seven times to achieve the lowest levelized cost of electricity (LCOE) for utility-scale solar power plants.
Carbon Dioxide Capture System Receives Funding Boost
Ground breaking new technology for the capture of carbon dioxide from power stations will be tested by Process Group at Hazelwood Power Station following a grant from Brown Coal Innovation Australia (BCIA).
Data Centre Development to Deliver 250 Jobs to Western Sydney
Global provider of data centre solutions Digital Realty Trust announced today that the two data center developments it is building in Western Sydney are expected to have a positive economic impact on the region, estimated at almost a quarter billion dollars.
Deal Signed for World's First Ocean-Powered Clean Energy Plants in Bahamas
Bahamas Electricity Corporation and Ocean Thermal Energy Corporation have moved toward the construction of two ocean thermal energy conversion (OTEC) plants.
Telstra to Consider Share Buyback after NBN Deal
Telstra has told shareholders the company will consider a share buyback after approval and implementation of the deal with NBN Co.
Qantas to Ground More Aircraft, Cancel 80 Flights Amid Strike
Qantas announced on Tuesday it will ground a further two wide-body Boeing 767 aircraft as ongoing industrial action from its engineers continues to cause a backlog of maintenance on the Qantas fleet.
Melbourne Tops Aussie Innovation in Cities Index
Melbourne came top over an improved Sydney this year for innovation, in the 5th Annual Innovation Cities Asia Index, which measures cities as innovation economies.
Broker Shows Lesser Known Paths to Property Investment
Mortgage Choice, one of Australia's largest independently owned mortgage brokers, on Monday revealed approaches to property investment that help borrowers maximise their cash flow and build wealth.
ISN Backs Govt Move: Financial Planners Must Disclose Fees to Clients
The Industry Super Network (ISN) has expressed strong support to the Australian government’s proposals that require financial planners to disclose the fees and commissions they are receiving from their clients’ investments and superannuation accounts on an annual basis.
Australia to Brace for Another La Niña
The Bureau of Meteorology has issued its annual tropical cyclone season outlook on Monday, pointing to an above average number of tropical cyclones for all four regions across northern Australia during the coming season.
Australia: A ‘Three-Spend Economy’
A new study has suggested Australia is a three-spend economy, which it says is as significant as the two-speed economy that the nation has heard so much about.
Study Reveals Signs of Hope for Besieged Retailers despite Mixed Outlook
New research confirms a mixed outlook for Australia’s retail sector, but the good news is almost half of consumers say they are maintaining or increasing their spending, and young consumers remain up-beat.