Australia's Coles up for sale, shares surge
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Australian retailer Coles Group Ltd.  put itself up for sale on Friday after receiving a number of  takeover approaches, saying it believed it was worth more than  A$18.2 billion ($14.3 billion).
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Coles Myer Ltd. Australia&#39;s biggest retailer, increased second-half profit by 26 percent after opening fuel and convenience stores, selling more-profitable groceries and cutting costs.
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SYDNEY - Australian stocks rose 0.9 percent on Thursday, touching a new record as oil prices tumbled and as WMC Resources soared in the wake of a rejected A$7.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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SYDNEY: Australian retailer Woolworths Ltd has upped the stakes in the bidding war for ALH Ltd. offering more money than giant rival Coles Meyer did last week but then giving the pub and liquor store group just over four hours in which to accept.
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Australia's main share index hits a new all-time high, buoyed by positive economic news.
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MELBOURNE/SYDNEY  - Rio Tinto's   shares surged on Wednesday amid market talk that an improved offer had prompted the firm to open its books to suitor BHP Billiton   and media reports which said Rio had signaled a price at which it would sell out.
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SHARES in Australian Leisure &amp; Hospitality Group Ltd (ALH) jumped more than nine per cent in morning trade today after retailer Coles Myer finally joined the bidding war for the pubs and bottleshops operator.
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MELBOURNE (Dow Jones)--Australia&#39;s largest retailer Coles Myer Ltd. (CML.AU) reported Wednesday a better-than-expected 44% rise in annual net profit, driven by booming
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CML.AU) blinked first in the bitter and expensive battle for a sliver of Australia&#39;s A$11 billion retail liquor market, handing victory to arch rival Woolworths Ltd.
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Australian conglomerate Wesfarmers Ltd. on Monday offered 21.9 billion Australian dollars, or $18.6 billion, for retailer Coles Group Ltd. &#151; the largest takeover bid in Australian corporate history.
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Shares in troubled medical software firm iSoft rise 9% after it emerges an Australian firm is in talks to buy it.
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Australia&#39;s biggest retailer Coles Myer has joined the bidding war for pubs group Australian Leisure and Hospitality (ALH), offering Aust.
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Wesfarmers Ltd. , which owns Australia's largest hardware chain, has agreed to buy retailer Coles Group Ltd.  for A$20.7 billion ($17.7 billion) in cash and stock, in the country's biggest takeover.
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The Australian share market renewed its climb Tuesday, led by gains on Wall Street and a turnaround in the miners that had driven the market to its biggest fall in six months the day before.
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Shares in Barclays Bank have surged 4% on speculation it may receive a takeover bid from Bank of America.
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WM Morrison shares jumped sharply yesterday after it reported strong sales at Safeway stores converted to the Morrisons name and said it would speed