Latest news (24,991 items)

The Warehouse cagy on cards growth

Discount retailer The Warehouse says that its two year old financial services joint venture with Westpac is performing well, but won't go into the details. The Warehouse yesterday reported a decline in operating profit for the half year to December 2002. read more

Repcol profit rise defies trend

Debt collector and consolidator Repcol has bucked the trend of disappointing results reported elsewhere in the sector and recorded an increase in profit in the half year to December 2002: read more

ATM Solutions buys Maximum ATM

ATM Solutions is showing its hand as a consolidator in the third party ATM space. ATM Solutions, based in Melbourne, has taken control of Maximum ATM, based in Adelaide. read more

Promina silent on mortgage insurance arm

Royal & Sun Alliance and its newly named Australian arm Promina may be busy from today seeking to drum up interest for the initial public offering of their Australian subsidiaries, but the group is doing nothing to shed any light on the status of its mortgage insurance arm. read more

ERG to close Proton World sale this week

There's still no word on the identity of the mystery buyer for the Belgium-based electronic purse providers and smart card systems supplier Proton World. ERG may let the market know as soon as this week. read more

ERG shares worth as little as five cents

Ernst & Young Corporate Finance assessed the fair value of ERG shares at between 5.1 cents and 13.2 cents a share in their report to ERG convertible noteholders, published on Thursday night. read more

McLaughlin ramps up LIST

The revitalisation by McLaughlin Financial Services of the MFS Leveraged Investments and Securities Trust is showing promising returns, albeit for a trust with a small asset base but an aggressive strategy. read more

Proton World on market

ERG Group is set to sell Proton World International, little more than a year after the Perth-based ticket collector gained full ownership of the Belgium-based developer of smart card applications and operating systems. read more

Operating loss worsens in December half

ERG recorded a loss in the half year to December 2002 of $124.5 million, compared with a loss in the prior half year of $199.4 million. In both periods, write downs of intangibles accounts for most of the loss. read more

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