10 Dec 2013The Age - Business TPG Telecom has provided its strongest indication yet that it is preparing to take on Australia's dominant internet players, finalising a $450 million deal to buy AAPT's business and wholesale divisions from Telecom New Zealand.
10 Dec 2013The Age - Business Cisco plans to train the 400,000 networking professionals that research company IDC says the Asia-Pacific region will need to compete in a knowledge-based economy. The company will provide free online webinars on the Internet of Everything as part of its Networking Academy. IDC found networking professionals represent one-fifth of the additional 2 million technology professionals needed in the region in the next 10 years.
10 Dec 2013The Age - Business Something is missing from the great Qantas survival debate - the company's main shareholders.
10 Dec 2013The Age - Business QBE Group has shocked investors by revealing that its bottom line will plunge into the red this financial year and profits will remain under pressure throughout 2014, as the insurer reels from its aggressive expansion in the United States.
10 Dec 2013The Age - Business Qantas budget offshoot Jetstar will further reduce flights to the Northern Territory and close its aircraft base in Darwin, blaming intense competition from foreign airlines.
10 Dec 2013The Age - Business Almost two years ago a senior British insurance industry figure likened QBE Insurance Group to a speedboat driven by its then boss Frank O’Halloran: “If you’re driving a speedboat fast enough the wave never catches up to you, but if you slow down or stop, the wave could wash over you,” he warned.
10 Dec 2013The Age - Business Lion chief executive Stuart Irvine says the food and beverages giant will use its 10 per cent stake in takeover target Warrnambool Cheese & Butter to protect its cheese business as the three-way takeover battle intensifies.
10 Dec 2013The Age - Business Childcare company Affinity Education Group and adult education company Vocation both made positive starts on their sharemarket debuts on Monday. Affinity has joined G8 Education to become Australia's second childcare operator listed on the ASX. After raising $75.5 million at $1 a share, mostly to buy childcare centres, Affinity closed the day at $1.04 in a weak market, lifting the company's capitalisation to $93.1 million. Vocation surged 7.41 per cent, or 14¢, to close at $2.03 on its debut. The company, which is a combination of three vocational education and training firms, had raised $253.3 million by selling 75.4 million shares and has a market capitalisation of $406 million.
10 Dec 2013The Age - Business Two of the biggest stakes in Sandfire Resources are likely to change hands in the next 12 months, according to the copper miner's managing director, Karl Simich.
10 Dec 2013The Age - Business Uranium processing at Energy Resources of Australia's Ranger mine will not be allowed to restart until federal agencies are satisfied it is safe, after Industry Minister Ian Macfarlane imposed a formal suspension on the controversial mine.
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