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Investors hit as timber group felled

  The Australian Business Briefing  
  omss, this is your Australian Business update for Tue Sep 07 08:16:00 EST 2010  
 
Investors hit as timber group felled
Willmott Forests collapses with $120m owing Andrew Main and Rebecca Urban THE troubled managed investment scheme model has claimed another victim, with the collapse of Willmott Forests owing about $120 million.
 
China may allow farms as collateral
China farmer Leo Lewis CHINA'S farmers are possibly about to be sucked into the greatest financial revolution since the invention of the credit card.
 
Macquarie delivers third profit warning
Macquarie Bank Scott Murdoch MACQUARIE Group has delivered its third profit warning in three months, saying GFC shockwaves are still buffeting its businesses.
 
RBA should lift rates but it won't
Reserve Bank of Australia Henry Thornton THE Reserve Bank should, but almost certainly will not, tighten monetary policy following its board meeting today.
 
Woolies gets fresh in food fight
Woolworths Blair Speedy WOOLWORTHS boss Greg Foran flags a focus on fresh food, a tight product range and a label upgrade, in its fight to dominate Coles.
 
Leighton boss's exit imminent
Leighton Wal King John Durie THE Leighton board yesterday edged closer to setting the end date to Wal King's 23-year reign as chief executive.
 
Flying Roo says BA's got Buckley's
Qantas Steve Creedy, Aviation writer QANTAS has hosed down speculation it is again a merger target for British Airways.
 
Qantas navigates a return of routes
JETSTAR COST REDUCTIONS Damon Kitney QANTAS is poised to return to some routes currently only served by its budget subsidiary Jetstar.
 
Financial Markets
Utilities lead European shares higher
London Stock Exchange Simon Kennedy EUROPEAN stockmarkets closed marginally higher overnight, with utilities stocks among the top performers.
 
Investors hit as timber group felled
'Solid expectations' for local firms'
 
Financial Markets Coverage
 
Mining & Energy
Andean appears to be in the clear
Aus Bus Pix Gold Block Bryan Frith ANDEAN Resources will today respond to a third query from the ASX in just over three weeks.
 
Lynas surges on rare earth
Andean bidding war wild card
 
More Mining & Energy Coverage
 
Business Breaking News
 
08:12am Business sales expectations rise - survey
07:40am Dollar opens higher on global risk mood
07:24am China may allow farms as collateral
06:36am BA cabin crew vote for strike ballot
06:23am Utilities lead European shares higher
05:09am Money can buy you happiness, study says
03:15am Obese man can't work due to injury risk
12:00am RBA should lift rates but it won't
12:00am Qantas navigates a return of routes
12:00am Andean bidding war wild card
12:00am Macquarie delivers third profit warning
12:00am Leighton boss's exit imminent
12:00am Investors hit as timber group felled
12:00am FirstMac to offer $416m in RMBS
12:00am Bendigo, BoQ urged to merge
 
More Business Breaking News
 
 
 
 
 
Tim Boreham
Andean confirms latter-day gold grab
AT last, the shakeout of the gold sector has begun in earnest.
tim-boreham
John Durie
Dismal days kill big mac bonuses
IF anyone had any doubts about the dismal market for investment banking services, Macquarie Group laid them to rest yesterday.
john-durie
More Opinion Stories
 
 
 
 
 
 
News By Sector
Agriculture
China may allow farms as collateral
Aviation
BA cabin crew vote for strike ballot
Banking & Finance
China may allow farms as collateral
Construction & Engineering
Leighton boss's exit imminent
Green Business
Passengers shun offsets
Healthcare
Valuer finds Stockland's Aevum bid low
Infrastructure & Utilities
Toll road forecast 'beggars belief'
Legal Affairs
Sigma braces for court battle
Leisure & Gaming
Qantas to pay out after High Court loss
Manufacturing
Mark Hurd may join Oracle
Media
ARN rings in changes to sales
Mining & Energy
Andean appears to be in the clear
Primespace  
Rent rises above inflation rates
Retail & Consumer
Woolies gets fresh in food fight
Small Business
Dark clouds over small business
Telecoms
Mark Hurd may join Oracle
Transport & Logistics
Asciano talking bonds
 
 
Highlights
China may allow farms as collateral
China farmer Leo Lewis CHINA'S farmers are possibly about to be sucked into the greatest financial revolution since the invention of the credit card.
 
Woolies gets fresh in food fight
Bendigo, BoQ urged to merge
 
More Highlights
 
 
Executive Lifestyle
Dubai ruler to reclaim mega yacht crown
Dubai John Harlow THE ruler of Dubai, who already has the world's tallest building, could soon be the ruler of the high seas, too, after 24 inches are added to his mega yacht.
 
Lamborghini without frills
 
More Primespace Coverage
 
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