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Gibbs no regrets despite losing job

Guinness Peat Group's Tony Gibbs has no regrets over a statement opposing the company's demerger plan that cost his job.

Shares open higher

The share market recorded higher at the opening today, thanks to the financial and energy sectors.

GPG director calls to abandon demerger

Plans to demerge Guinness Peat Group Australia should be dropped as it is not backed by shareholders, according to GPG director Tony Gibbs.

Creditors to decide fate of Cubbie Station

Creditors of Australia's largest cotton farm, Cubbie Station, will vote today on the bids of two foreign groups to restructure the debt-ridden farm.

Sprott approves $2.5m RX Exploration financing

Sprott Asset Management, a business unit of Sprott Inc. and manager of the Sprott family of mutual funds, hedge funds and discretionary managed accounts, has approved the $2.5 million financing deal with RX Exploration Inc. through Brant Securities Limited.

NAB survey say commercial property heads for growth

A National Bank of Australia (NAB) survey has revealed Thursday that capital values will be raised across all commercial sectors, as expansion in commercial properties is expected over the next 12 months with the office sector coming out as the lead player and edging out the retail and industrial sectors.