|
Aust Market At Midday, (ASX: ADB), (ASX: BEN), (ASX: FCL)
Sydney, Aug 9, 2007 (ABN Newswire) - Australian shares gained this morning with banks leading the way, a positive U.S. lead and after some positive earnings results. At Midday the ASX200 index has gained 28 points to 6,129 and on the futures market the SPI 200's up 31. In company news this hour, Adelaide Bank and Bendigo Bank this morning announced their intention to merge and create a $4 billion bank after both companies reported record annual profits this morning. The directors of both companies have declared their unanimous support for the merger. Following the merger, the group would be named "Bendigo and Adelaide Bank Limited". Adelaide Bank today posted a record $104.3 million profit, up 10.9% on the previous record posted last year. Earlier today, Bendigo unveiled a 15.6% increase in cash profit after tax to $118.5 million for 2006/07, which it said was driven by a robust retail banking performance, a growing diversity of revenues and a strong net interest margin. Adelaide Bank shares are 17.64% higher at $16.94 while Bendigo Bank shares are 2.91% higher at $16.98 The full report is available at the following video and audio links. Video Link http://abnnewswire.net/lnk/1562GY79Audio Link http://abnnewswire.net/lnk/59T1W133About Finance News Network Finance News Network (FNN) has been producing up-to-date concise business and finance news tailored to traders and investors alike since 2002. FNN content reaches a diverse and constantly growing audience via online streaming video, Street Vision broadcasts and the Telstra 3G mobile phone network. http://www.finnewsnetwork.com.au
|
|
|
|
2007/09/19 11:55
Aust Market At Midday, (ASX: SPN), (ASX: ADB)
2007/09/11 11:37
Aust Market At Midday, (ASX: HSP), (ASX: SYB), (ASX: ADB), (ASX: BEN)
2007/08/10 16:35
Aust Market Wrap, (ASX: AAN), (ASX: FLT), (ASX: BEN), (ASX: ADB), (ASX: RIO), (TSE: AL)
2007/08/09 09:59
Aust Business Headlines, (ASX: TLS), (ASX: ADB), (ASX: CCL)
2007/08/09 09:11
Adelaide Bank Limited ASX: ADB And BEN Merger Announcement - Mr Jamie McPhee, CEO Of ASX: ADB And Mr Rob Hunt, CEO Of BEN
>>>
|
|
|
|
2007/09/11 11:37
Aust Market At Midday, (ASX: HSP), (ASX: SYB), (ASX: ADB), (ASX: BEN)
2007/08/10 16:35
Aust Market Wrap, (ASX: AAN), (ASX: FLT), (ASX: BEN), (ASX: ADB), (ASX: RIO), (TSE: AL)
2007/02/13 16:22
Bendigo Bank Limited ASX: BEN - FY07 Interim Results - Mr Rob Hunt, MD
>>>
|
|
| FUTURIS CORPORATION LIMITED |
|
|
|
|
|