Westfield Group has buried the hatchet with one-time adversary Hammerson, over the Whitgift Centre in Croydon, London. Today could be a big one for Discovery Metals where it comes clean over its Boseto project amid needling from a Chinese suitor. Meanwhile, Billabong International shares have gained some more ground as two bidding groups examine the books, Telstra has picked up a complimentary business for Sensis and Rio Tinto’s Tom Albanese has fallen in part because of an inability to clean up a bad aluminium deal with a less aluminium bad deal.
Westfield Group, Hammerson
Westfield Group has come to a peace agreement with Anglo-French developer Hammerson, agreeing to redevelop an ageing shopping centre in south London together.