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Murdoch raises News Corp forecast, hints at higher dividend

AAP  |  FRIDAY, 7 MAY 2004
Rupert Murdoch's News Corp has pumped up its full-year forecast after a surge in DVD sales and strong results from newspaper and TV operations lifted the media conglomerate's third quarter profit 30%.

Just Group IPO falls short of hoped-for price

AAP  |  THURSDAY, 6 MAY 2004
Just Group Ltd, which lists on the Australian Stock Exchange tomorrow, has fallen well short of it indicative range of $2.25-$2.60 per share with investors instead paying $2.10 per share.

S&P assigns BBB/stable ratings to Alinta Co-generation

AAP  |  THURSDAY, 6 MAY 2004
Standard & Poor's Ratings Services said today it has assigned its BBB/Stable long-term issue rating and outlook to Alinta Co-generation (Pinjarra) $118 million project finance bank-loan.

S&P says Leighton profit downgrade within ratings guide

AAP  |  THURSDAY, 6 MAY 2004
Standard & Poor's said today that Leighton Holdings results for the nine months to March 31, 2004, were disappointing, but can be accommodated within the BBB-plus corporate credit rating.

AMP financial services business reports strong cash flows

AAP  |  THURSDAY, 6 MAY 2004
AMP is continuing to benefit from the demerger of HHG, with its financial services business reporting net cash flows of $88 million in the first three months of 2004.

MGP, MGI agree to buy Auckland office, industrial park

Macquarie Goodman Property Trust (MGP) and Macquarie Goodman Industrial Trust (MGI) have conditionally agreed to buy an office and industrial park in Auckland for $72 million.

Biota to sue GlaxoSmithKline over Relenza flu drug

AAP  |  WEDNESDAY, 5 MAY 2004
Biotech Biota Holdings is suing global pharmaceutical giant GlaxoSmithKline, alleging that GSK failed to support and promote Biota's flu drug, Relenza.

GPT says remains on track to deliver targeted growth for 04

AAP  |  WEDNESDAY, 5 MAY 2004
General Property Trust said it remains on track to deliver on the trust's targeted growth for 2004. It said that each of the property portfolios is well positioned to ensure growth is maximised over the longer term.

Trade deficit rises to almost $2 billion in March - ABS

AAP  |  TUESDAY, 4 MAY 2004
Australia's trade gap with the rest of the world widened in March after a weaker-than-expected rise in exports.

St George Bank raises full year earnings forecasts

AAP  |  TUESDAY, 4 MAY 2004
St George Bank Ltd said today it was raising its earnings per share growth forecast to 11%-13% for the 2004 financial year.