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ACCC tells Boral to abandon Adelaide Brighton takeover

The consumer watchdog on Wednesday told building company Boral to abandon plans to take over cement and lime producer Adelaide Brighton or face legal action.

NAB shares tumble more than 1.5% after H1 profit slide

Shares in National Australia Bank fell more than 1.5%, after the bank reported a higher first half net profit but disappointed investors with its earnings outlook.

Mariner announces close of first property trust

Financial services newcomer Mariner Financial on Tuesday announced the close of its first property trust with $15 million in subscriptions from retail investors.

NAB to outline plans for $2 billion debt

National Australia Bank will reportedly outline plans to raise $2 billion in debt and restructure its dividend reinvestment plan, as it announces half yearly profits today.

Servcorp upgrades profit forecast by 35%

Serviced office provider Servcorp today said its full-year pretax profit was expected to be 35% greater than its previous guidance.

Rentenbank prices $150 mln increase to June 2011 issue

Landwirtschaftliche Rentenbank, Germany's agency for agriculture, has today priced a $A150 million increase to its existing June 2011 Kangaroo bond issue.

Tabcorp and Tab in war of words over takeover bid

Tabcorp Holdings [yesterday] upped pressure on Tab Ltd to accept its takeover bid, saying it could see no reason for the NSW gaming house to keep delaying the decision.

AMP says NZ restructuring to improve performance

AMP is transferring 10% of its Wellington based staff to Auckland as part of a strategy to improve the company's New Zealand performance.

Vodafone picks Nokia to build 3G in Australia, New Zealand

Vodafone [on Monday] announced it had selected Nokia as its third generation (3G) network infrastructure partner in Australia and New Zealand.

Lion Nathan sells portfolio of hotels, takes writedown on value

Beverage group Lion Nathan said today it has signed an agreement to sell its portfolio of 41 non gaming hotels in Melbourne, Ballarat, Bendigo and Geelong.