One of Australia’s major property groups Mirvac stands to lose hundreds of millions of dollars from the Brisbane flood, but so far there hasn’t been a peep from the company or a query from the ASX or ASIC.
Mirvac
Business As Usual: New high for US debt … Europe’s worried banks … pssst, Macquarie Bank, here’s a Grecian bargain …
Worried European banks are stashing money in the bank, there are profit downgrades aplenty emerging here, why the Germans are fun-loving spoilsports and other business news.
Mirvac slammed over surge in directors fees
Small securityholders threw the kitchen sink at Mirvac yesterday over the poor performance, and the move to boost directors’ fees for a second time in as many years.
Foreign buyers blow out the housing bubble
The causes of Australia’s ever-inflating housing bubble are many but one hasn’t received a lot of attention: the influence of overseas buyers since the government relaxed its foreign property investment rules.
ouch! 
Property the biggest loser in worst ever earnings year
2008-09 was the most dire reporting season in living memory, says Stephen Mayne. And the big Australian property players — not banks — led the losses with $17.24 billion of net losses after tax.
Are these Australia’s busiest directors?
Fewer and fewer directors seem to be getting the prize gongs, such as chairmanships of listed companies, writes Glenn Dyer.
Morning Market Report: Mirvac goes capital raising
Mirvac went into a trading halt this morning, saying it is looking to raise $1.1bn. Meanwhile, the market dropped 66, and the Dow dropped 65.
Bangaroo bust-up bad news for Rees
Buried in a newspaper story on the weekend was a disclosure that is bad news for the struggling NSW Government.
Teflon PacBrands chairman cops some overdue stick
Pacific Brands chairman James McKenzie is having a tough time trying to be the teflon man of Australian business, writes Glenn Dyer.
Mirvac: land is for hocking, not housing
Mirvac yesterday admitted what many affordability watchers know: the housing market is manipulated to suit shareholders over householders, writes Karl Fitzgerald.
Mirvac struggling to find funding, maintain earnings
Mirvac’s earnings for 2009 have taken another hit, writes Glenn Dyer.
