Aust Market At Midday, (ASX: LFE), (ASX: BBI)Friday October 12 12:35 PMAt Midday the S&P/ASX200 index is down 27 points to 6,745 and on the futures market the SPI- 200's down 34. In company news this hour, blood products firm Life Therapeutics has received another acquisition offer for its plasma collection centres. AAP reports the latest unsolicited offer of around $66 million in cash has been made for 12 of the company's 14 centres and a central testing laboratory. The company says its board is now reviewing three offers and will announce its decision once a review process was completed to determine the best interests of its shareholders. The news has sent shares in Life Therapeutics up 7.81 percent to $0.69. The full report is available at the following video and audio links. Video Link http://abnnewswire.net/fnnlnk/P03MB9KB Audio Link http://abnnewswire.net/lnk/8E9X0247 Babcock and Brown Infrastructure has announced its bought two Finnish concession port operators for a combined enterprise value of $144 million. Together the operators comprise the largest paper port operator and third largest container port operator in Finland. A BBI official says the transaction is one of several in a pipeline of European Port opportunities being considered by the company. BBI now controls a portfolio of five European concession port companies, with operating concessions in eleven ports throughout Europe. Shares in BBI are up 0.9 per cent to $1.675. Turning now to market indices, the index posting the biggest gain by percentage points is the Materials which is up 21 points to 15,889. Shares in BHP Billiton are up 0.91 per cent to $46.46. Shares in Newcrest Mining and Oxiana are also higher. The worse performing index by percentage points in the Telco which is down 17 points to 1,623. Shares in Singapore Telecom are down 2.5 per cent to $3.12. Shares in Telstra and Telecom New Zealand are also lower. In Tokyo, the Nikkei is down 73 points and in New Zealand the NZSX-50 is down 5. Gold is currently trading at $746.70 US an ounce and one Australian dollar's buying 90.13 U.S cents. Source: Finance News Network © 2007 http://www.finnewsnetwork.com.au About Finance News Network Finance News Network (FNN) has been producing up-to-date concise business and finance news tailored to traders and investors alike since 2002. FNN content reaches a diverse and constantly growing audience via online streaming video, Street Vision broadcasts and the Telstra 3G mobile phone network. http://www.finnewsnetwork.com.au Source: ABN http://www.ABNnewswire.net Copyright (C) 2007 ABN Newswire. All rights reserved. |
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