Author Topic: Business News  (Read 2352 times)

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Clive Nevell

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Business News
« on: March 02, 2003, 04:06:00 AM »
"$40 billion zapped from shareholders

01 March 2003  
IT WOULD be easy to blame the looming war or the global equity slump for the crisis that now envelops AMP and, to a lesser extent, Telstra.
Investors punish Suncorp for flat interim

01 March 2003  
SUNCORP Metway incurred investors' wrath yesterday after reporting a flat December-half profit of $155 million as sliding equity markets, competition in the banking sector and a bad debt blowout combined to crimp growth.

Billabong dumped on $35m half year

01 March 2003  
SHARES in Billabong International reached a 19-month low yesterday after the surfwear company copped an investor backlash for releasing a half-yearly result below expectations and lowering its full-year forecast."

These were some of the head lines that are from today's Courier Mail, Brisbane.

Clive