Courtaulds bids 214 million for English Calico
Courtaulds, the global man made fibre group, offers £100 million for English Calico of Manchester as part of a broader set of acquisitions including Hunter Barr Limited in Glasgow and Hilton Corp Ltd in Australia. The deal values English Calico at approximately $A214 million, with one Courtaulds share for every two Calico shares.
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London
AAP
Reuter
Courtaulds
Athen
Celanese
English Calico
Cathay
Calico Printers Association
Nglon
Sydney
Hilton Corp Ltd
Australia
Dunlop Australia Ltd
Dunlop
IL Hiltern
Hilton
Music Houses shares sold to EMI in Australian deal
Music Houses transfers 750 000 shares to EMI Australia at 1 dollar each, giving EMI 20 percent and boosting liquidity. The arrangement links Music Houses with EMI in a strategic move to resist a takeover and expands distribution of instruments, records, and related products across major Australian cities. EMI gains control of Music Houses stores and wholesale outlets, while Music Houses strengthens capital and market reach.
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Music Houses of Australia Ltd
Musical Instruments
EMI Australian Ltd
EMI
Music Houses
Prich
Wesets
Ew Emi
Jon
Music Honuies
J. M. Burnett
N. W. Scott
Sydney
It Als
Krocen
Worrld
Grammophone Records
Televisi Sels
Astratia Music
Capital
CBC Lifts Interim Dividend Amid Merger Talks
The Commercial Banking Company of Sydney Limited lifts the interim dividend from 5 to 4 per cent as it negotiates merger discussions with the National Bank. Directors report six months to December 1 profits are comparable with the prior year, with full-year results expected not to fall short of last year. A potential merger between ANZ and ES and A is set to become effective from March 1.
MENTIONED IN THIS ARTICLE
Cy of Sydney Ltd
The
National Bank
BHP and INCO find nickel at Mt Monger WA
BHP and INCO Canada report nickel sulfide mineralisation at Mt Monger in Western Australia with promising but non quantified results. Exploration at Widgie Mooltha south of Kambalda shows encouraging signs, yet significance remains uncertain without further work.
MENTIONED IN THIS ARTICLE
BHP and
International Nickel Co
Canada
Mt Monger
Western Australia
Widpemooltha
Kambalda
Axaays
BHP
International Nickel Coal Canada
Invel
Widglewoatthal
Insel
CIG reports satisfactory results and capital expansion plans
CIG shows improved results with group turnover up 10.4 percent to 128. The dividend lift to 12 per cent and the annual report quotes Mr K Humphreys. Capital expenditure for the year reached 4.304 million with more to come to meet rising demand. Shareholders to vote on increasing nominal capital from 20 to 40 million at the February 3 meeting. Western Mining advances nickel projects in Kalgoorlie region and nearby sites.
MENTIONED IN THIS ARTICLE
Commonwealth
Humphreys
Savas
Tariff Board duties on hot water bags approved by minister
The Minister for Trade and Industry Mr McEwen announced duties of 45 percent general and 35 percent preferential for hot water bags after a Tariff Board report. He rejected removing duties if costs rise, noting Ansell Rubber Co as sole local producer undermined by British competition, devaluation, and weak demand. The board urged protection up to 30 percent against main sources, with the possibility of removal if overheads make production unviable, aiming to sustain local capacity and potential profitable restructuring.
MENTIONED IN THIS ARTICLE
McEwen
Ansell Rubber Co Pty Ltd
Britain
Ansell
Argus profit rises to 634278 in year to September
The Argus and Australasian Pidt earned a profit of 634,278 in the year to September, up from 555,852. Investment income dipped to 155,327 while other interest rose to 213,556. A compulsory sale loss of 41,069 due to Commonwealth television legislation. Depreciation fell to 145,135. No dividend to Herald and Weekly Times Ltd. Direct Publications Fry Ltd acquired. Profit for 15 months to Sept 30 stood at 4,787 versus 4,632 previously.
MENTIONED IN THIS ARTICLE
Argus and Australasian Pidt
the Herald and Weekly Times Ltd
Melbourne
Herald Crayune
Direct Publications Fry Ltd
Amoco Wins Favor in Yellow Cab Contract Bid
Amoco Australia Pty Ltd emerged as the preferred bidder for Yellow Cab Fleet Ltd after review of a favorable contract. Directors endorsed the offer by December 19 and shareholders approved at an extraordinary meeting in January. The agreement, signed this week, ends Ampol’s cash takeover bid. Mr B McArthur chaired Yellow Cab Fleet. Mr W J Trevorrow led Amoco’s Melbourne operations in the joint announcement.
MENTIONED IN THIS ARTICLE
Amoco Australia Pty Ltd
Yellow Cab Fleet Ltd
Ampol Petroleum Ltd
Adelade
Amoco
Ampol
Yellow Caby Holdings Pty Ltd
Yellow Cab Fleet
B. McArthur
W. J Trevorrow
Amoco Australia Pry
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