Babcock & Brown … Mark Latham … China, Tibet and the Olympics … the hermaphrodic Nats/Libs merger … Iraq … NSW Cabinet …
Babcock and Brown
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Babcock bounces as Bear Stearns extracts more value
There was a strong recovery amongst Australian financial stocks this morning, none bigger than Babcock & Brown which rocketed $1.12 or 8.8% to $13.86, reports Stephen Mayne.
Phil Green’s confidence struggle at Babcock
Babcock & Brown briefly looked over the cliff this morning as its shares plunged another $1.06 or 7.6% to touch a low of $12.90 in early trading, writes Stephen Mayne.
Bell Financial does a Lachlan Murdoch to Tricom
On top of everything else weighing down the markets, Bell Financial Group has this morning pulled out of the Tricom rescue, writes Stephen Mayne.
Babcock and Brown spin as they sell, sell, sell
Hats off to the Babcock and Brown spinners for being able to paint a sale-of-assets-to-reduce-debt as a sale-of-assets-to-show-our-valuations-aren’t-dodgy
Babcock and Brown’s magic real estate revaluations
Babcock and Brown’s profit bottom line looks good, but $100 million came from the simple business of revaluing property upwards. An amazing achievement in the present climate, writes Michael Pascoe.
ASX takes another flogging as world markets plunge
The US market was closed overnight and in the absence of a lead from the world’s biggest market, traders took the easy option of selling rather than taking a chance and holding on to stock, writes Glenn Dyer.
Babcock teaches MacBank how to gouge
How fortunate for Babcock and Brown Infrastructure that Telstra also had its AGM yesterday – the kerfuffle over Sol’s wage nicely overshadowed a BBI remuneration report that made Telstra’s look parsimonious, writes Michael Pascoe.
Credit crunch hits Perpetual as Gunns pressure grows
At yesterday’s AGM, Perpetual Trustees revealed it hasn’t escaped the credit crunch unscathed, even as protestors turned up the heat over the group’s Gunns shareholding. Glenn Dyer and Stephen Mayne report.
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.
