Atlas Iron shareholders back crucial debt restructure
Atlas Iron managing director David Flanagan says the company will be "very resilient" if the debt restructure is implemented. Photo: Philip Gostelow You cannot criticise Atlas Iron's David Flanagan for lacking optimism.Even as shareholders waved through a debt deal which looks set to pass 70 per cent of the iron ore miner's equity to its financiers, Flanagan was nothing but positive."Being the managing director of a company where you are constantly playing fr..>> view originalBeach Energy takes axe to jobs as ups savings on merger
Beach Energy is cutting more jobs than it took on through its takeover of Drillsearch Energy. Photo: Supplied Cooper Basin oil and gas player Beach Energy has upped the savings it expects to make from its $384 million takeover of Drillsearch Energy by axing further jobs, taking the reduction in headcount to 88 since June 30.Annual cost savings of $40 million are now expected from the merger, up from an originally expected $28 million, said Beach, which also ..>> view originalPublic transport pains that have been ignored in Victorian Budget
What you need to know about the Victorian Budget0:53James Law from news.com.au breaks down what Victorians need to know about the Victorian Budget. The myki card still has its problems.ANNOYING public transport gripes have been ignored and Melburnians will have to buck up and deal with it. While the Victorian Government has thrown a heap of cash at the Melbourne Metro Tunnel, which won’t be operational until 2026, it’s state Budget has overlooked many of the daily frustrations commuters face.* ..>> view originalDairy, dairy me: Gary Helou is least of Murray Goulburn's problems
Murray Goulburn stock tumbled nearly 35 per cent after it slashed full-year earnings forecasts by 40 per cent. Craig Sillitoe Outgoing Murray Goulburn chief executive Gary Helou may prove to be the least of unitholders' problems.Murray Goulburn's units – which listed on the ASX last May, raising $500 million from investors – have been structurally flawed from the beginning.At the heart of the problem is that unitholders have few rights, and the..>> view originalAdani's Carmichael mine hit with fresh lawsuit
Victorian state budget 2016: Deliverance for Hoddle Street bottlenecks
Video will begin in 5 seconds. Victorian budget 2016: big cash for public transport Transport journalist Adam Carey says public transport spending is a highlight of this year's state budget. PT2M51S 620 349 Forget talk of Melbourne building a Los Angeles style freeway network. We're set to pinch an idea from Salt Lake City. Continuous flow intersections, big in America's Mormon belt, are coming to Hoddle Street, a road that has long caused motorists to pray for deliverance. Fo..>> view originalBanks expected to maintain margins, dividends
New numbers: Investors will be scrutinising bank results. Photo: Louie Douvis Investors are preparing to focus on credit quality and profit margins during next week's interim reporting season for three of the big four banks, with the focus on banking culture likely to take a back seat.Despite rising funding costs, analysts expect the banks will be able to maintain, or even slightly increase, their net interest margins - one of the key drivers of bank returns..>> view original
Wednesday, April 27, 2016
Atlas Iron shareholders back crucial debt restructure and other top stories.
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