How on earth can RiskMetrics recommend in favour of the Westfield remuneration report at Wednesday’s AGM, asks Stephen Mayne?
Allco finance group
Allco board purge: hands up who wants to be chairman?
The list of Allco basket cases is growing, writes Glenn Dyer.
Crikey Says: Crikey Says
Labor leaders have had a mixed record with picking the business leaders with whom they form close associations.
What is Rudd playing at with his Murdoch embrace?
What is going with Rudd’s 2020 Summit appointments? John Hartigan in charge of “governance” is interesting, writes Stephen Mayne.
Time for corporate plod to throw the book at multiple Allco scandals
If you were the spindoctor for Allco Finance Group, you would be feeling pretty down this morning, writes Stephen Mayne.
Teetering trio becomes “the leveraged eleven”
The teetering trio – Centro, MFS and Allco – are not alone it seems. Indeed, the cascading credit crisis means we’ve already gone past “the sagging seven” and are now looking at a “leveraged eleven”. Stephen Mayne provides an around the grounds summary.
Why didn’t Sir Rod quit Allco?
Given Sir Rod Eddington’s current workkload, it is surprising that he didn’t follow the lead of another Labor-connected business leader, Barbara Ward, and bail from the Allco Finance Group board last week, writes Stephen Mayne.
Victims everywhere as panic selling sets in
There’s blood on the streets today as the Australian stockmarket extended its run to 12 straight losses and posted its biggest percentage drop for the year. The victims are everywhere, writes Stephen Mayne.
Allco crunched as debt contagion spreads
The debt contagion is spreading and today it is shares in Rich Lister David Coe’s Allco Finance Group which have been crunched by as much as 30%, writes Stephen Mayne.
MFS and City Pacific propose shot-gun wedding
It is getting expensive, but I’m chasing this market lower, spending $35,000 stacking another 58 stocks into the portfolio so far this year, including eight more this morning.
Allco Finance Group…not quite all the news
A fair whack of the past fortnight’s financial market panic can be sourced to BNP Paribas. The problem wasn’t so much that this major French bank had several hundred million dollars at risk in the US sub-prime crisis, but that it took a week to fess up to it after previously assuring the market it had “absolutely negligible.” exposure.
Of Glenn Milne, biffo and Babette
The News Ltd organisation was reeling today from revelations that ace reporter Glenn Milne had visited a ‘biff club’ in the company of other journalists while drunk, writes Guy Rundle.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
