Transfield wins contract worth $804 million from Chorus

Transfield wins contract worth $804 million from Chorus

Transfield Services, a leading global provider of operation, maintenance and asset and project management services, has secured a 10-year contract worth $NZ1 billion
($804 million) from Chorus, the fixed voice and broadband network division of Telecom New Zealand.

Under the arrangement, Transfield would provide network maintenance and sustaining capital works to Chorus, Telecom New Zealand's fixed voice and broadband network division, in four of its 11 telecommunications field services areas in New Zealand.

NZ visited by one million Aussies

Tourism Minister

As per the latest statistics released, over one million tourists visited New Zealand during the past twelve months.

If adhered to Tourism Minister John Key then the results prove the wisdom of boosting marketing in Australian region by $2.5 million. It is for the maiden time that over a million tourists came to New Zealand from across the world in a 12 month period.

A "thanks a million" campaign is being launched in order to celebrate. Two lucky people would also win a millionaire's holiday to New Zealand.

Equity raising complimented by APN

APN News & Media Ltd

An equity sale has been finished by APN News & Media Ltd to raise $A99 million.

It was announced on May 19 that the funds from one-for-five entitlement offer will be used to reduce APN's debt and strengthen its balance sheet.

The parent company of the New Zealand Herald is APN.

On Monday chief executive Brendan Hopkins said in a statement, "We are very pleased with the result of the entitlement Offer and the strong support from both APN's existing retail and institutional shareholders."

Sales of Australian vehicles increase

Australian Bureau of Statistics

The Australian Bureau of Statistics said that from the previous month, the Sales of new motor vehicles in Australia increased by 5.4% in the month of May, the highest increase registered since early 2005.

In the month of May 75, 472 vehicles were sold on a seasonally adjusted basis, higher from an upwardly revised 71,626 in April. April sales were revised to show a 1.7% raise from 0.9% initially.

In May, sales increased by 0.1%, in trend terms, since January 2008 it is the first increase.

Macarthur Coal Shares plunge following A$190 Million Sale at a Discount

Macarthur Coal Shares plunge following A$190 Million Sale at a Discount

Macarthur Coal Ltd., the world’s biggest exporter of pulverized coal, sold 31.8 million new shares at A$6 apiece, at 9.4 percent discount to the last traded price.

According to the company the sale was “significantly oversubscribed”. Earlier, the company had sold about A$190 million ($152 million) worth of new shares to institutions to raise funds.

Canberra defies property discounting trend

Canberra defies property discounting trend

A study has discovered that Canberra is included among the places having the lowest levels of property discounting in the country.

Units in Melbourne, Brisbane, Adelaide and Perth were discounted on average by more than 6% in the year to February 2009.

Property analyst Cameron Kusher feels that Canberra had the lowest levels of vendor discounting of units of any capital city, at 3.6 per cent.