News Headline Summary

Pre-market Australian stock news...

Sydney Airport (SYD AT)
- A consortium led by the USD 60bln AustralianSuper Fund and the Kuwait Investment Authority has been forced to put on hold a planned takeover of Sydney Airport as the company’s shares strengthen with rising global demand for safe infrastructure assets and a proposal to lift its foreign ownership threshold. (AFR)

Bendigo and Adelaide Bank (BEN AT)
- Co. is thought to be planning a subordinated debt issue of as much as USD 150mln in coming weeks, after the regional lender flagged “significant headroom” for further capital management. (AFR)

Woolworths (WOW AT)
- Co. is considering launching a retail brand called ''Woolworths Local'' in an attempt to play up its close relationship with Australian farmers and suppliers. (SMH)

Coca-Cola Amatil (CCL AT)
- Co. bought Fiji’s Vonu Beer with the aim of turning the premium craft lager into a regional export winner. (SMH)

- Co. is to acquire Australian Power and Gas shares on market. (Newswires)

Lynas (LYC AT)
- Co. reports FY total comprehensive loss of AUD 107.4mln. (Newswires)

Wesfield (WDC AT)
- Co. is to sell 7 malls in US to Starwood unit for USD 1.64bln. (Newswires)

Discovery Metals (DML AT)
- Co. is in advanced discussions with one party in relation to a refinancing proposal. (Newswires)

Broker moves
- GPT Group (GPT AT) cut to neutral at JPMorgan.

15 Sep 2013 - 22:50 - Equities - Source: Newswires/Australian Financial Review/Sydney Morning Herald

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: