Growthpoint ups the ante for GPT Metro
GPT Metro Office Fund's new building at 3 Murray Rose Avenue at Sydney's Olympic Park is one of its six suburban assets. Photo: Supplied Growthpoint Properties has applied the blowtorch to Centuria Metropolitan REIT by unveiling a sweetened all-cash offer for GPT Metro Office Fund, valuing it at $321 million.The South African-backed Growthpoint has also emerged with a 13 per cent stake in GPT Metro, which it bought from the parent GPT Group, in a bid to kno..>> view originalOfficer crash: Truck rolls on the Princes Freeway
Officer crash: Truck rolls on the Princes Freeway Peak hour traffic is backed up on major roads because of crashes and lane closures.A truck jack-knifed and rolled on the Princes Freeway in Melbourne's outer south east at about 4pm, leaving one outbound lane closed.The accident happened near Officer South Road in Officer.The truck has been left on its side, blocking one lane. A heavy haulage tow truck is on the scene. JUST IN: One outbound lane has been closed on the Princes Freeway near Off..>> view originalAnti-nuclear protesters gather near South Australia's Olympic Dam
Anti-nuclear protesters gather near South Australia's Olympic Dam Updated July 01, 2016 20:20:18 More than 100 people are camped near South Australia's largest mine to protest against uranium mining and the nuclear industry.Lizard Bites Back protesters are rallying against nuclear energy use in Australia, the planned expansion of the outback Olympic Dam uranium mine near Roxby Downs and the proposed toxic waste dump for the Flinders Ranges.The protesters, dressed as zo..>> view originalJudge blasts CFMEU record as an 'embarrassment to unions'
Video will begin in 5 seconds. CFMEU officials charged over alleged blackmail Union chiefs John Setka and Shaun Reardon may face up to 15 years in jail after being charged with blackmail by a royal commission taskforce. Video courtesy ABC News 24. PT1M25S 620 349 Australia's largest construction union has faced a scathing rebuke for its long record of lawlessness, which a federal judge has labelled an "embarrassment to the trade union movement".On the eve of the federal el..>> view originalFarmers will not last longer than 12 months at current low milk price: industry consultant
Farmers will not last longer than 12 months at current low milk price: industry consultant Posted July 01, 2016 11:12:04 There is no clear reason why Australia's largest dairy processor Murray Goulburn is paying farmers significantly less than its competitors this season, according to an industry consultant.Earlier this week Murray Goulburn announced an opening milk price of $4.31 per kilogram for milk solids.The Murray Goulburn price was less than what has been annou..>> view originalInterOil gets takeover approach to rival $US2.2b offer from Oil Search
Interoil's Elk-Antelope gas fields are at the heart of ASX-listed Oil Search's takeover ambitions. Stephanie Kelly Oil Search's ambitions to swallow up Papua New Guinea gas explorer InterOil in a $US2.2 billion ($2.9 billion) deal have been shaken by news of a rival takeover approach, understood to be from US energy giant ExxonMobil.Sources said on Friday that Exxon, Oil Search's partner in the PNG Liquefied Natural Gas venture, had approached ..>> view originalThe sorry state of returns from superannuation funds this year
Median balanced accounts, where up to 70 per cent of Australians have their money, will have gained only about 2.3 per cent over the past 12 months. Photo: Michel O'Sullivan Most superannuation accounts will have staggered, exhausted to the end of the 2016 financial year with a slightly positive result.Median balanced accounts — those with exposure of between 60 per cent and 76 per cent to growth assets — where up to 70 per cent of Australians have their mone..>> view originalShaver Shop buzzing on market
RETAIL chain Shaver Shop has made a solid start to life as a listed company, aided by a burst of positive market sentiment in recent days.Shares in the group climbed 3.3 per cent after it joined the bourse at 11am yesterday, closing at $1.085.The retailer raised $98 million through its initial public offering, selling 93 million shares at $1.05 apiece.That price was near the bottom of the indicative range touted to prospective investors of $1.03 to $1.30.The 30-year-old group, led by chief exec..>> view originalTelstra outages now a real problem for the company
Opinion Another Telstra network outage this week has drawn a line in the sand. This issue has now moved from being just a problem for customers, to being a real problem for the company.No longer can Telstra explain away this series of network mishaps as just bad luck - the operation of chance when dealing with large, complex communications networks. The frequency has now become the big issue.This week's outage, although not as widespread as some of the previous ones, has had more onerous cons..>> view originalChevron says second Gorgon shipment on track
Saturday, July 2, 2016
Growthpoint ups the ante for GPT Metro and other top stories.
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