Meeting seeks ACP takeover in a Sydney publishers row
Mr Hugh Foster, mayor of Wool-Jahra and long-time council member, aims to force a shareholders meeting to consider a $2.30 a share cash bid for 75 percent of Publishers capital or a $3 a share cash offer for all capital. He needs support from at least 10 percent of shares and cites lack of board guidance. Foster accuses deputy chair K G Murray of selling out to Australian Consolidated Press.
MENTIONED IN THIS ARTICLE
Hugh Foster
Wool- Jahra
Foster
Suort
Publishers
Sydney
Publishers’ Board
Thomson
K. G. Murray
Australian Consolidated Press
Thomson Publications
Tooth speed limits updates as hotel program expands
Tooth and Co Ltd told shareholders profits may not rise sharply next year despite a 30.2 percent jump to 10.2 million after a 5.1 percent overseas gain in the first half. Rising materials wages and operating costs trimmed growth while hotel upgrades proceed. board still expects normal growth. Interim dividends kept at 8 percent by Advertiser Newspapers Ltd. Borg-Warner Australia reports static half-year profit at 1,058,776 after start-up costs. directors recommend a 5 percent interim. Unigate Australia says it holds 43.9 percent of White Crow and has 74.7 percent overall acceptances for the offer.
MENTIONED IN THIS ARTICLE
Tooth and Co Ltd
G. J. Cullen
Sydney
Tooth
Cullen
Advertiser Newspapers Ltd
Adelaide
Borg-Warmer
Australia
Unigate Australia Pty Ltd
White Crow Ltd
Directours
Unigate
White Crow
Australis Mining declares uranium zone at Barwidgee WA
Australis Mining NL announced delineation of a two mile long uranium mineralised zone at its Barwidgee prospect near Wiluna in Western Australia. Preliminary auger drilling yielded assays from 0.5 lb to 2.8 percent uranium oxide per ton.
MENTIONED IN THIS ARTICLE
Australis Mining NL
Barwidgee
Wiluna
Western Australia
Instalment Credit for Retail Sales Holds Steady in June
Instalment credit by non-retail finance firms showed a largely flat trend in June, with total balances outstanding rising by less than 3 million to 1,785 million. Seasonally adjusted figures also edged up by 3 million to 1,791 million, near the yearly high of 1,793 million reached in April.
MENTIONED IN THIS ARTICLE
Statistics Bureau
Northern Mining plans 130m steel plant near Geraldton WA
Northern Mining Corporation NL announced a 130 million mini steel plant near Geraldton Western Australia, tied to Weld Range iron ore export plans costing 160 million. The plant would produce 1 to 1.4 million tons annually using North-West Shelf natural gas for electricity to fire the furnace.
MENTIONED IN THIS ARTICLE
Northern Mining Corporation NL
Geraldton
Western Australia
Northern Mining
SU. Frerey
Weld Range
Kiwi profit setback hits 1971-72 outlook
Kiwi International Co Ltd reports a substantial reduction in US operations profit for the current year after heavy flooding from hurricane Agnes halted production at its Pennsylvania plant. Interim results show a 27 percent fall in six months to February 29, despite maintained sales, with declines from Britain, Australia, and US dollar devaluation.
MENTIONED IN THIS ARTICLE
Kiwi International Co Ltd
Melbourne
Pennsylvania
Britain
Australia
Japan vows to prevent yen revaluation disaster
Tokyo reports Prime Minister Tanaka pledged full effort to stop another yen revaluation, warning it would be disastrous for small Japanese industries. Analysts say the impact of the December currency realignment, which pushed the yen up 16.88 percent, will take a year or two to become clear.
MENTIONED IN THIS ARTICLE
Tokyo
Tanaka
Japan
Share Options and Market Tickers Mixed in Fragment
Fragmentary OCR lists option names, tickers, and prices across multiple markets. The garbled text references Janonth Allstate, Kepwest, Petromin, Burmah, Beaver opi, GME, mining, and various monthly or two month figures with no coherent narrative or clear event.
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