NATIONAL Nz interest rates westpac forex : Changes to NAB’s branches in Darling and Wes. Are your retirement savings going to be enough?
Banks say bye bye to life insurance – so what? It comes complete with all the news stories, rates, bold indicating change, arrows indicating change direction. 750 million in fresh equity through a fully underwritten one-for-4. 80 a share and is planning to sell its Formica and Roof Tile Group businesses. Interiors unit, which builds high-rise developments. Nikko had earmarked Formica as a likely asset for sale.
The company has also announced it will focus its activities on New Zealand and Australia and will start divestment processes for Formica and Roof Tile Group. Fletcher says it will conduct book-builds to sell any shortfall and that the proceeds will be used to repay existing debt. 500m with ANZ, MUFG Bank and Westpac. Fletcher Building’s objective and expectation is that it will achieve a mutually acceptable outcome. At the end of March, Fletcher said it had gained an extension to waivers from its banks and USPP lenders to the end of May.
Although it doesn’t expect to need the new standby facility, it and the rights issue proceeds are sufficient to redeem all its USPP notes and to cover any associated costs. The company also says that Wesfarmers has confirmed it doesn’t own any Fletcher shares. Got a question about this story? 80 rights issue and heavy volume trading on Friday last week. This article is tagged with the following keywords. Australian fund manager accumulates a 5. Fletcher shares surge on Wesfarmers news but is it true?
I’ll bet their current shareholders are just loving this not. Oh FMA, FMA, Where For Art thou FMA! You do realise that the govt watchdogs are just all about expensive bums on seats. A hundred companies could go under, and all you would get from them would be a muted sorry, and the next day the govt would reform them with a new name, and it would be back to business as usual. Glaring example is the collapse of the finance company sector with the billions of dollars of losses for depositors – all the freaking government watchdogs and not one of them did anything to pre-empt the collapse.