BIS Shrapnel wrong on housing … Reconsidering BNB’s executive pay … A note on ABC Learning … Mining boom beginning to moderate? … Food … Qantas vs Virgin.
Babcock
Time for Babcock & Brown to sack Phil Green
Babcock & Brown boss Phil Green has just replaced Eddie Groves as “Australia’s most sackable CEO”, although with ABC Learning shares falling to a new record low of just 93c this morning, both should be fired forthwith, writes Stephen Mayne.
The imploding Babcock & Brown empire
Babcock & Brown has now formally joined the critical list after shares in the financial engineer plunged another 13% in morning trade, writes Stephen Mayne.
Babcock’s ties to the teetering trio
The stockmarket is continuing its recovery but there’s still plenty of action amongst the teetering trio of MFS, Centro and Allco with Babcock & Brown now getting dragged into some of the action, writes Stephen Mayne.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Babcock’s black box defies the credit wobbles
Babcock is now managing a whopping $60 billion in assets, although this remains well shy of Macquarie Bank which is up above $200 billion. Stephen Mayne reports on how it’s handling the sub-prime fallout.
