NAB to detail UK demerger early December

NAB to detail UK demerger early December

AAP National Australia Bank will announce full details of its long-awaited disposal of unprofitable UK subsidiary Clydesdale Bank during the week beginning December 7. NAB's board formally decided on Friday to proceed with a demerger and initial public offering as outlined in its full year results in October. The bank said then it would demerge 75 per cent of the UK bank to shareholders and floa…

Australian Markets

  • Aust shares close flat AAP - Thu, Nov 12, 2015 4:16 PM AEDT

    Australian shares have finished flat as all eyes turn to a meeting of central bankers in Jackson Hole, Wyoming.

  • Aust stocks open higher AAP - Tue, Sep 8, 2015 10:59 AM AEST

    The Australian market has opened higher after gains in Europe overnight and positive economic data out of Japan. With US markets closed for the Labor Day holiday, European shares were in the spotlight with markets in London, Frankfurt and Paris all gaining more than half a per cent. CMC Markets chief market strategist Michael McCarthy said the gains had helped boost Australian shares, along with better-than-expected economic figures out of Japan on Tuesday morning.

  • Stocks to watch at noon on Thursday AAP - Thu, Aug 27, 2015 12:08 PM AEST
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange on Thursday, Aug 27: ASL - AUSDRILL - up one cent, or 4.8 per cent, to 22 cents Mining services group Ausdrill has posted a $175.6 million full year loss ...

  • Investors stunned by Aussie market recovery AAP - Tue, Aug 25, 2015 4:40 PM AEST
    Investors stunned by Aussie market recovery

    The Australian share market has closed higher after Chinese fourth-quarter gross domestic product (GDP) data beat expectations.

  • Stocks to watch at noon on Friday AAP - Fri, Aug 7, 2015 12:25 PM AEST

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Stocks to watch at close on Tuesday AAP - Tue, Aug 4, 2015 4:20 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Merck board OKs additional $10 billion stock buyback plan Associated Press - Wed, Mar 25, 2015 8:36 AM AEDT

    Merck & Co. says its board approved the repurchase of up to $10 billion more of its stock. The drugmaker said Tuesday that amount will be added to the $1.7 billion remaining available for repurchase under ...

  • Whiting and McCormick are big market movers Associated Press - Wed, Mar 25, 2015 7:39 AM AEDT

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Whiting Petroleum Corp., down $7.48 to $30.91 The oil and gas company priced a ...

  • Ahead of the Bell: Chesapeake Energy shares stage rally Associated Press - Wed, Mar 25, 2015 12:27 AM AEDT

    When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider ...

  • European stocks rise in opening deals AFP - Fri, Mar 20, 2015 10:18 AM AEDT
    European stocks rise in opening deals

    Europe's main stock markets advanced at the start of trade on Friday, with London's benchmark FTSE 100 index up 0.27 percent at 6,981.23 points. Elsewhere, Frankfurt's DAX 30 index added 0.36 percent to ...


Company Finances

  • Photo Release -- Eckrich and Richard Petty Motorsports Offer Life-Changing Gifts to Honor Military F … GlobeNewswire - Sun, Sep 20, 2015 8:51 AM AEST

    LISLE, Ill. -- Every day, Anya Christensen and her family, including her mother, a former Marine, rely on the simplicity of electricity. Anya, a 14-year-old living with hypoplastic left heart syndrome, ...

  • Recalls This Week: Bed handles, roasting pans Associated Press - Sat, Sep 19, 2015 4:19 AM AEST

    More than 100,000 bed handles intended to assist older or disabled adults are being recalled after they were linked to three deaths due to a potential strangulation hazard. Other recalled consumer products ...

  • Apple explores rules of the road for self-driving cars AFP - Fri, Sep 18, 2015 9:07 PM AEST
    Apple explores rules of the road for self-driving cars

    The California Department of Motor Vehicles (DMV) on Friday said that it met with Apple to discuss rules of the road regarding testing self-driving cars. "The Apple meeting was to review DMV's autonomous vehicle regulations," a department spokesperson told AFP in an email response to an inquiry. Apple has not commented on rumors that it is working on a self-driving car, and the California-based technology colossus did not respond to an AFP request to contribute to this story.

  • US accuses Volkswagen of 'cheating' on pollution controls AFP - Fri, Sep 18, 2015 8:10 PM AEST
    US accuses Volkswagen of 'cheating' on pollution controls

    US regulators charged Volkswagen on Friday with manufacturing vehicles designed to evade government pollution controls and said the German auto giant should urgently fix nearly 500,000 cars. Volkswagen could face an $18 billion penalty over the software made to meet clean-air standards during official emissions testing but which would intentionally turn off during normal operations, US and California regulators said. "Using a defeat device in cars to evade clean-air standards is illegal and a threat to public health," said Cynthia Giles, assistant administrator for the US Environmental Protection Agency.

  • Can car title co-signer trade car separately? - Fri, Sep 18, 2015 8:00 PM AEST

    Dear Driving for Dollars, My 20-year-old son wants to buy a brand-new car. He has a perfectly good used car right now that has my name and his on the car title. He told me he is going to go to a dealer ...

  • US orders Volkswagen to recall 500,000 cars AFP - Fri, Sep 18, 2015 4:39 PM AEST
    US orders Volkswagen to recall 500,000 cars

    US regulators charged Volkswagen Friday with manufacturing autos designed to evade pollution controls and ordered the German auto giant to recall nearly 500,000 cars. Volkswagen designed software to meet ...

  • U.S. Charges GM with Wire Fraud, Concealing Facts on Ignition Switch The Wall Street Journal - Fri, Sep 18, 2015 12:54 PM AEST
    U.S. Charges GM with Wire Fraud, Concealing Facts on Ignition Switch

    General Motors Co. admitted to criminal wrongdoing and agreed to pay a lower-than-expected financial penalty in the mishandling of a defective ignition switch, closing one chapter on a safety crisis that dented the auto maker’s finances and reputation. GM will pay $900 million to settle the U.S. Justice Department case, which charged GM with wire fraud and scheming to conceal a deadly safety defect from U.S. regulators, according to a criminal information filed by federal prosecutors. The company entered a deferred prosecution agreement, under which the government will seek to dismiss the case in three years if GM abides by the deal’s terms.

  • Vancouver Energy Emphasizes Crude Oil-By-Rail Safety With Tesoro’s New Rail Cars GlobeNewswire - Fri, Sep 18, 2015 7:45 AM AEST

    VANCOUVER, Wash., Sept. 17, 2015-- Tesoro Corporation, along with Savage and BNSF Railway, today gave local business leaders an opportunity to observe and learn about the enhanced safety features of Tesoro’ ...

  • Avery Dennison Expands Kunshan Plant and Adds New Coater to Meet China Demand for Pressure-Sensitive … Business Wire - Fri, Sep 18, 2015 4:00 AM AEST

    KUNSHAN, China--(BUSINESSWIRE)-- Avery Dennison Performance Tapes has increased its Kunshan, China manufacturing capabilities with the installation of a new custom-built coater and enlarged the plant’s size by 3,500 sq. meters (37,674 sq. ft.). Avery Dennison will begin taking orders for products manufactured on the coater October 1, 2015. According to Michael Johansen, global vice president and general manager, Performance Tapes, the new equipment and plant expansion reflect the commitment by Avery Dennison to serve the needs of industry in China.

  • Toyota recalls 400K RAV4s due to faulty windshield wipers Associated Press - Fri, Sep 18, 2015 2:54 AM AEST

    Toyota is recalling about 421,000 RAV4 vehicles because of potential corrosion in their windshield wipers could make them inoperable. The vehicles include model years ranging from 2009 to 2012 and about ...