News Highlights: Top Equities Stories Of The Day

Datum : 03/08/2009 @ 04h15
Quelle : Dow Jones News

News Highlights: Top Equities Stories Of The Day

 
=UPDATE: WESTPAC TO TRIM BANK PENALTY FEES; WILL HURT PROFIT 

Westpac Banking Corp. said Monday it will reduce penalty fees on accounts, which will result in lower earnings. (published 0017 GMT)

 
 
LINC COMPLETES A$57.4M PLACEMENT, LAUNCHES A$20M SHARE PLAN 

Linc Energy Ltd. said Monday it completed a A$54.7 million institutional share placement and plans to raise another A$20 million with an underwritten share purchase plan. (published 0012 GMT)

 
 
=UPDATE: GRAINCORP: LIFTS FY NET PFT GUIDANCE TO A$53M-A$63M 

Logistics and marketing concern GrainCorp Ltd. Monday upgraded its guidance for net profit this fiscal year - swinging from an actual loss last year - citing higher-than-expected grain receivals, export sales and volumes through export terminals. (published 0115 GMT)

 
 
=UPDATE: ARGO INVESTMENTS FY LOSS A$64.4 MLN 

Argo Investments Ltd. said Monday it lost A$64.4 million on a 12.7% decline in revenue for the year ended June 30 due to lower interest rates and dividend cuts at the companies in which it was invested. (published 0049 GMT)

 
 
COMPUTERSHARE: BUYS TRANSFER AGENCY BUSINESS FOR US$16.2M 

Computershare Ltd. said Monday it has acquired the transfer agency business of National City Bank, a subsidiary of PNC Financial Services Group. (published 2317 GMT)

 
 
CHINA RAILWAY GROUP: HLDER SIGNS $7.5B DEAL WITH VENEZUELA 

China Railway Group Ltd. said Monday its controlling shareholder, state-owned China Railway Engineering Corporation Group, has signed a $7.5 billion contract to build a railway in Venezuela. (published 2343 GMT)

 
 
CHUO MITSUI: JAPAN GOV BECAME TOP SHAREHOLDER WITH 30% STAKE 

Chuo Mitsui Trust Holdings Inc. said Monday that the Japanese government became its biggest shareholder with a 30.29% stake, after converting its preferred shares in the bank to common shares. (published 0044 GMT)

 
 
EXTRACT RESOURCES SAYS ROSSING SOUTH CAPEX TO BE US$704M 

Extract Resources Ltd. said Monday its Rossing South project in Namibia is expected to cost US$704 million to develop and is expected to produce 14.8 million pounds of uranium a year. (published 0114 GMT)

 
 
 
 
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