Edition:
United Kingdom

Nikhil Nainan

Caltex Australia gets bumped up bid from Couche-Tard as EG circles

13 Feb 2020

Caltex Australia Ltd said Canada's Alimentation Couche-Tard Inc has raised its buyout offer to A$8.80 billion ($5.93 billion), in a final attempt to sway the oil refiner and convenience store firm after interest from Britain's EG Group.

Australia's Blackmores cuts profit outlook on virus impact, shares plunge

12 Feb 2020

Blackmores Ltd scrapped its dividend on Wednesday and said it expects this year's profit to more than halve as the coronavirus hits its supply chain, sending the Australian vitamin maker's shares down by the most in nearly a year.

UPDATE 2-Australia's Cochlear warns coronavirus to hit profit as China delays surgeries

11 Feb 2020

* No provision made for lower sales outside China (Recasts and updates throughout with shares, analyst comment, coronavirus context)

Boral shares plunge after bushfire profit hit, accounts probe

10 Feb 2020

Australia's Boral Ltd said on Monday delays to building projects due to bushfires will likely cause a plunge in its second-half results, while revealing an investigation had found inflated earnings at its North American window-making business.

RPT-UPDATE 2-Melco abandons Crown stake purchase, first major deal dropped due to coronavirus

07 Feb 2020

* Closure of Macau casinos and slide in tourism hitting industry

Melco abandons Crown stake purchase, first major deal dropped due to coronavirus

07 Feb 2020

The new coronavirus epidemic has claimed its first big M&A deal, with Macau casino operator Melco Resorts & Entertainment Ltd pulling the plug on a stake purchase in Australia's Crown Resorts Ltd , citing a plunge in traveler numbers and casino closures.

Australia, NZ shares set for first weekly drop of this year on virus fears

31 Jan 2020

* Tourism, travel stocks rise after sharp falls earlier this week

Australia, NZ shares fall sharply as virus outbreak raises fears about economic impact

28 Jan 2020

* Mining, energy stocks hit hard as oil, commodity prices fall

Australia's Village Roadshow gets new, 2% higher bid from second PE firm

24 Jan 2020

Village Roadshow Ltd on Friday said it has received an unsolicited buyout offer from a private equity firm that valued the Australian movie theater and theme park operator at A$777 million ($531 million), about 2% more than a earlier rival bid.

Australia's Westpac hires 'Mack the knife' McFarlane to chair crisis-hit bank

23 Jan 2020

SYDNEY/HONG KONG Australia's Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country's biggest money-laundering scandal.

World News

Coronavirus cases rise again in China's Hubei province

The number of reported new cases of coronavirus in China's Hubei province rose on Monday after two days of falls, as authorities imposed tough new restrictions on movement to prevent the spread of the disease which has now killed more than 1,700 people.