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GPT has told investors its development pipeline is now valued about $2.3 billion but the projects will be put on a longer time-frame to ease the burden of financing costs...Creating assets sustainably means developing for the long term.'' In response,...
Tags: GPT, Stockland, Australia, Brisbane, Business Finance
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Stockland's boss, Matthew Quinn, will do with his property outfit's 13 per cent stake in GPT just won't go away. It was the talk of GPT's marathon gabfest on Monday and analysts were again hypothesising yesterday about whether Quinn would make a move...
Tags: Australian, Sol Trujillo, Mr Trujillo, Telstra, GPT
Wesfarmers Ltd has posted a sharp jump in first half net profit as its Coles turnaround gathers pace but warns the economic crisis will challenge most of its businesses this year. The resources and retail conglomerate announced a 46.3 per cent rise in...
Tags: Wesfarmers, Coles Group, net profit, coles turnaround, wesfarmers profit, GPT
GPT's register, paying up to $541 million for a strategic 12.7 per cent stake. In a share swap and cash deal with fund manager Perennial Investment Partners, Stockland has snared the interest for about one-third of the amount it was willing to pay in...
Tags: Stockland, GPT, Perennial Investments, Perennial Investment Partners
GPT can be forgiven for any misguided belief that chairman Peter Joseph is auditioning for a role in Die Hard IV , such is his penchant for refusing to die...That much is clear from the four-day decimation of the stock price and the sheer magnitude of...
Tags: GPT
GPT has said credit ratings agency Standard & Poor's had lowered the company's credit rating to BBB with a negative outlook, after GPT reduced its earnings guidance for the 2008 financial year, on Monday...Forced to postpone the sale of assets because...
Tags: GPT, credit ratings