Chelsea FC Bids For Battersea Power Station

Chelsea FC has made a bid to turn Battersea Power Station into its stadium; the plans will retain the iconic chimneys The Blues announced they had made an offer, with their property development partner Almacantar, to acquire the 39 acres of land in south west London for redevelopment, if they decide to relocate from their current home ground.

Horton, McEniry join AHG board

Former UWA Business School Dean Tracey Horton and former Mitsubishi Motors Australia chief executive Robert McEniry have been appointed to the board of Automotive Holdings Group as non-executive directors. Ms Horton is currently a director of Skilled Group and Cullen Wines, and serves as chairperson of D’Orsogna and deputy chair of Presbyterian Ladies College. Mr McEniry has more than 25 years experience in the automotive industry, holding executive roles at General Motors Holden, Saab Automobile and South Pacific Tyres.

Trinity Mirror Boss Sly Bailey To Quit

To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 8:40pm UK, Thursday May 03, 2012 Trinity Mirror newspaper group chief executive Sly Bailey has announced she is stepping down and is expected to leave by the end of the year. The surprise announcement comes as the group, which publishes the Daily Mirror, Sunday Mirror and 160 regional newspapers, prepares for its annual meeting next week.

$A down on Chinese data

The Australian dollar fell about one-third of a cent to below 103 US cents after the publication of data showing weaker than expected Chinese economic output. At 1700 AEST, the Australian dollar was trading at 102.98 US cents, down from 103.34 cents yesterday. Since 0700 AEST the currency has traded between 102.83 US cents and 103.35 US cents. It was at 82.66 Japanese yen, down from 83.20 yen and at 78.33 euro cents, up from 78.17 euro cents. OzForex senior foreign ...

Banking Crisis: BoE ‘Should Have Done More’

To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 10:23pm UK, Wednesday May 02, 2012 But in his BBC Today Programme Lecture, the Bank of England (BoE) governor has finally stated sorry for not doing more to prevent the financial crisis.

Contractor walks from Karratha project

The say government’s $130 million Pilbara Underground Power Project has run into more flak after electrical contractor O’Donnell Griffin halted work on the Karratha phase of the project. This development comes two weeks after the government admitted the project was running over budget. O’Donnell Griffin was awarded the Karratha contract in September 2010. Its parent company, ASX-listed Norfolk Group, stated at the time the contract was valued at “$40+ million” and would employ up to 100 workers.

Mortgage Rate Rise Hits A Million Households

To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 8:00pm UK, Tuesday May 01, 2012 , the , and are all raising their standard variable rate (SVR), the amount charged by lenders when borrowers come off a fixed-rate deal, from the beginning of May. , which is owned by taxpayer-backed Lloyds Banking Group and has the most borrowers at 850,000, is raising its SVR from 3.5% to 3.99% ...

Grange states Southdown to cost $2.9 billion

Grange Resources has put a $2.9 billion price tag on its Southdown magnetite project near Albany and states it anticipates to make a final investment decision by the end of this year. Grange released a definitive feasibility study for Southdown today, which managing director Russell Clark stated confirmed it as one of the country’s foremost magnetite projects. “Southdown is a robust, practical and financially attractive project with all the necessary infrastructure and port access that massive projects like this need,” ...

Aviva Boss Forced Into Pay Climbdown

Aviva CEO Andrew Moss has turned down his annual pay rise ahead of what could be a stormy AGM later this week 3:54pm UK, Monday April 30, 2012 The boss of insurer Aviva has bowed to shareholder pressure and waived a near 5% pay rise which would have taken his annual salary over the £1m mark.

$A up on speculation of US stimulus

The Australian dollar is nearly a full US cent higher as global markets priced in the possibility that the US central bank could embark on a new round of economic stimulus. At 1700 AEST  the Australian dollar was trading at 104.5 US cents, up from 103.64 cents on Friday.  It was at 83.83 Japanese yen, up from Friday’s close of 83.74 yen, and at 78.83 euro cents, up from 78.70 euro cents. Easy Forex senior dealer Francisco Solar stated the ...