BREAKFAST DEALS: Westfield olive branch

Westfield makes peace with Hammerson over the Whitgift Centre, and Discovery Metals feels the heat from a Chinese suitor.

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.


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