Posts by: Leon Gettler

Downer extends $1.2 billion Spotless takeover deadline

Downer extends $1.2 billion Spotless takeover deadline

Downer is giving Spotless shareholders more time to consider its takeover offer. It has extended the extended the $1.15 per share offer by...

S&P lowers ratings for financial institutions

S&P lowers ratings for financial institutions

Ratings agency S&P Global Ratings has lowered the ratings of 23 Australian financial institutions, citing the risk of a sharp downturn...

Pacific Rim nations to pursue TPP without the US

Pacific Rim nations to pursue TPP without the US

With fears growing of a new global era of protectionism, Asia-Pacific trade ministers have agreed to try to revive the Trans-Pacific...

UK threatens to quit Brexit talks over EU’s €100bn divorce bill

UK threatens to quit Brexit talks over EU’s €100bn divorce bill

Britain’s Brexit secretary David Davis has warned that the UK will walk away from the Brexit negotiations unless the European Union drops...

Young Australians plunge into shares

Young Australians plunge into shares

More young Australians are now investing in the share market. According to an ASX-Deloitte Access Economics study, the proportion of 18-24...

Virgin loss blows out to $69 million

Virgin loss blows out to $69 million

Virgin Australia losses have widened to $69 million with an underlying loss before tax of $62.3 million. Virgin has attributed some of this...

Trump woes hit market

Turmoil in the White House and US president Donald Trump’s self-inflicted crisis has hit the markets. A week of week of political...

S&P affirms Australia’s AAA rating – with a warning

Ratings agency S&P has kept Australia’s prized AAA credit rating. But it reiterated its warning that Australia’s outlook is...

BHP Billiton-Elliott Associates brawl turns nasty

The gloves are off in the brawl between BHP Billiton and activist investor hedge fund Elliott Associates. Elliott has now backed off from...

Orica posts 31 per cent increase in profits

Orica posts 31 per cent increase in profits

Australian mining giant Orica has reported a 31 percent increase in half yearly profit on Tuesday, with its statutory net profit after tax...