News tagged with “qbe”. Found:
6 tagged news reports.
Your Search Returned 6 tagged news reports
Rights issue hews into Elders debt
Melbourne :: Australia | 2 months ago
Credibility
Elders hopes to secure its future later this week through an institutional-backed $400 million-plus capital raising that will trigger a new financing deal with its bankers. Having brought in insurer QBE as a cornerstone investor through the sale of its...
Tags: QBE, trade halt
Market ripe for consolidation, IAG says
Sydney :: Australia | 12 months ago
Credibility IAG also said on Tuesday that it is on track to deliver on its full-year guidance and that IAG chairman James Strong would be standing down from the post within three years. The country's biggest insurer of homes and cars said it still expects to increase...
Tags: IAG, QBE, Mr Strong, takeover proposal
QBE confirms full year profit margin
Sydney :: Australia | about 1 year ago
Credibility The insurance giant booked a net profit of $859 million for the half to June 30, down from $921 million in the first half of 2007 but that was in line with market expectations. A key profitability measure, insurance profit before tax margin to net earned...
Tags: earned premium, Insurance Australia Group, net earned, QBE, net profitability, Allianz Australia, PMI Australia, insurers profitability
Crown walks after a few bad hands
Perth :: Australia | about 1 year ago
Credibility Crown has abandoned its strategy of buying minority stakes in overseas developments in the aftermath of writing $226 million off the value of three US ventures. The company insisted it would only make new investments if it was in the "driver's seat" at...
Tags: QBE, net profit
Error wipes QBE out
Evans :: GA :: USA | about 1 year ago
Credibility A trader error in a sell order sold 500,000 QBE shares at 1/10th of a cent. Stock in QBE, which opened at $23.09, to near worthlessness for eight minutes on the exchange. "Because the price error was so drastic it effectively removed the stock from the...
Tags: share, share price, stock, QBE
Analysts bemoan sparing of IAG board
London :: United Kingdom | about 1 year ago
Credibility There was also a scathing assessment of the lack of accountability at board level over years of underperformance, a slashed dividend and the disastrous foray into the British market. "We argue IAG needed to demonstrate [on Wednesday] why it was worth...
Tags: IAG, QBE, iag board, Mike Wilkins
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