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Superannuation

Westfield locks in $140 million worth of interest savings

AAP  |  FRIDAY, 30 APR 2004
Westfield Holdings Ltd today announced it had completed option contracts which would underpin the $140 million in interest savings it expects to gain under a merger of the three Westfield entities.

Tab profit upgrade values company above Tabcorp offer

AAP  |  FRIDAY, 30 APR 2004
Tab yesterday signalled it was worth more than the $2 billion offered by Victoria's Tabcorp Holdings by upgrading its profit forecast for the financial year.

No plans to merge with Lend Lease, says General Property chairman

AAP  |  FRIDAY, 30 APR 2004
General Property Trust chairman Richard Longes yesterday there was no proposal before the trust concerning any merger with Lend Lease.

Trust Company sees 5%-10% earnings growth for year ahead

AAP  |  FRIDAY, 30 APR 2004
Financial services provider Trust Company of Australia Ltd expects gross earnings to grow by about 5% to 10% over this financial year after reporting a 5.3% rise in net profit for the year to February 2004.

Walter piles on pressure ahead of National Bank shareholder meeting

AAP  |  FRIDAY, 30 APR 2004
Rebel National Australia director Cathy Walter continued to crank up her campaign for the May 21 extraordinary general election by calling on the board to clarify who will chair the meeting.

Google plans share auction in $3.74 million IPO lodged with SEC

Internet search powerhouse Google Thursday filed its long-awaited public share offering, proposing to raise some $US2.7 billion ($A3.74 billion) and making public some of the company's long-held secrets.

Market Wrap

The Australian dollar recovered from yesterday's lows to open stronger, after the United States dollar fell overnight on unexpectedly low economic data.

Reject Shop joins the rush to list with planned $44 million IPO

AAP  |  THURSDAY, 29 APR 2004
Deep discount store The Reject Shop today joined the rush to list on the Australian Stock Exchange and will raise $44.1 million in an initial public offering with shares at $2 each.

Santos looks to new projects to rebound from Moomba disruption

AAP  |  THURSDAY, 29 APR 2004
Major oil and gas producer Santos is confident of recovering from a dismal quarter of production, with investment decisions due soon on three development projects worth $600 million to shore up its future.

Iraq contracts boost revenue at US vice president's old firm

Controversial US oil and services group Halliburton said Wednesday that its contracts in Iraq had helped boost its turnover by about 80% in the first three months of the year.