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| | | The Australian stock market is expected to open higher after commodity prices, including gold, oil and copper, gained overnight. At 0816 AEDT on the Sydney Futures Exchange, the December Share Price Index futures contract was up 41 points at 3,662. ... |
| | | | ... 3.76 per cent, to $29.52. "But the highlight of the morning was the re-starting of trade in Westpac after their capital raising - of course they went down about eight per cent, which is what the other banks did yesterday," Mr Heffernan said. Commonwealth ... |
| | | | ... a very attractive price." The bank's shares are in a trading halt and last traded at $17.88. Westpac said the capital raising would strengthen its balance sheet and position it for growth. "Commonwealth are down heavily and they were the ones tipped ... |
| | | | Macquarie Bank is the latest investment and banking firm to reduce headcount in the wake of the financial crisis with job cuts in its Melbourne and Sydney offices today. It is believed that more than 100 roles in Macquarie Capital were made redundant. ... |
| | | | ... the weaker market had been anticipated. "The banks are following on from last week with concerns about debts and capital raising," Mr Russell said. In the financial sector, Commonwealth Bank dropped $1.00 to $29.95, National Australia Bank shed 34 cents ... |
| | | | ... Among the banks, NAB sank $2.07 or 9.35 per cent to $20.08 after coming out of a trading halt while it conducted a capital raising, getting $3 billion. ANZ fell 36 cents to $15.54, Commonwealth Bank was down $2.02, or 5.32 per cent, at $35.98 and Westpac ... |
| | | | ... at $30.11. Also in the sector, Bendigo and Adelaide Bank Ltd announced it had withdrawn its $75 million tier 1 capital raising due to uncertainty in the financial markets. Its shares rose 24 cents, or 1.78 per cent to $13.74. On Wall Street, all major ... |
| | | | A group of investors and asset consultants, sitting on a panel at an InAssociation infrastructure conference in Sydney on Wednesday, was asked to make a call on the future of the investment bank specialist funds model. They agreed it was over. The infrastructure ... |
| | | | Bell Financial Group (BFG) is one step closer to becoming one of Australia's largest independent broking businesses after signing an agreement to buy Southern Cross Equities for approximately $150 million. The transaction consists of a 50 per cent split ... |
| | | | ... further property related investment funds. In an Aspen statement, the firm said Timms' experience in institutional capital raising added further depth to the firm's distribution team. Established in 2001, Aspen Group focuses on purchasing property assets ... |
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