Sharon Olalia

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Qantas further lifts fares as fuel costs hike

Qantas Airways Ltd, Australia’s national carrier, says it would again increase domestic, regional and Tasman air fares sold in Australia as part of its ongoing response to high oil and jet fuel prices.

John Holland wins Curtis Island LNG marine project

John Holland, a wholly owned subsidiary of Leighton Holdings Ltd (ASX: LEI) has secured a $150 million subcontract for the construction of marine offloading facilities as part of Gladstone LNG’s proposed Curtis Island LNG facility.

Mortgage exit fees banned at last

The Federal Government's ban on mortgage exit fees passed into law Wednesday and will apply to all new home loans from 1 July 2011.

NAB: Removal of mortgage exit fees good for customers and bank competition

National Australia Bank (ASX: NAB) today showed it support to the government’s plan to ban exit fees saying that the removal of mortgage exit fees is good for bank customers and competition and would also benefit those lenders who are offering their customers the fairest value and most competitive interest rates.

David Jones posts record high H1 profit

Upscale retailer David Jones Ltd (ASX: DJS) today reported a record high first half profit after tax (PAT) of $105.7 million for the six months ended 29 January 2011 (1H11). This represents an increase of 5.2 per cent on 1H10 ($100.5 million).

Marex Group to acquire Spectron Group

Marex Group Ltd, the international broker of commodity derivatives, financial futures and foreign exchange, which is majority-owned by JRJ Group and its partners, Trilantic Capital Partners and BXR Group, has reached agreement with Imarex ASA to acquire its 100 per cent holding of Spectron Group Ltd for approximately 94.5 million pounds.

Upswing in dwelling starts falters

National dwelling commencements fell again in the December quarter, reinforcing the urgent need for governments to address supply side policy failures, according to Master Builders Australia, the peak building and construction industry association.

AMP to issue $6m notes for AXA takeover

Wealth manager Australian fund manager AMP Ltd (ASX: AMP) said a unit has launched a A$600 million floating rate subordinated exchangeable note to partially fund its takeover of AXA Asia Pacific Holdings Ltd's Australia and New Zealand businesses.

BC Iron to force Regent to proceed with $345 million offer

Iron ore junior BC Iron Ltd (ASX: BCI) has asked the Takeovers Panel to challenge the validity of Regent Pacific Ltd’s purported termination of the Scheme Implementation Agreement (SIA) between the companies as announced on Tuesday 15 March 2011.

Australian online retail on the upswing despite difficulties

Amid pressure from suppliers and manufacturers over online sales, Australian eCommerce businesses have had a successful 2010 and are optimistic about the next 12 months, according to eBay’s second Online Business Index (OBI), a major annual survey of Australian businesses engaged in eCommerce.

Qantas settles New Zealand freight cartel

Australian national carrier Qantas Airways Ltd (ASX: QAN) had reached a settlement with the New Zealand Commerce Commission in relation to price fixing conduct within its freight division between 2000 and 2006.

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