Stockbroking | Wealth Management | Corporate Advice

x

Resizing text on the web

To increase or decrease the magnification of a web page, press Ctrl and '+' (plus) to zoom in or Ctrl and '-' (minus) to zoom out. To return the page to its original size, press Ctrl + 0.

You can also scroll the mouse wheel up and down while holding Ctrl to increase/decrease zoom level.

The business week in numbers

A $1.6 billion takeover offer for Australian cancer treatment developer Sirtex, an apartment-induced plunge in building approvals and a $273 million impairment for Telstra's US video venture are a few of the numbers that grabbed attention this week.

MONDAY:

0.1 per cent - The average drop in home values across Australia's five major capital cities in the week ending January 28, with Sydney falling 0.2 per cent. The CoreLogic data also showed Melbourne, Adelaide and Perth's prices dropped 0.1 per cent, while Brisbane prices were flat. On an annual basis, Sydney's values rose 1.4 per cent, Melbourne's gained 8.1 per cent, Brisbane was up 2.2 per cent, Adelaide rose 2.5 per cent and Perth was down 2.6 per cent.

TUESDAY: 40.5 million - Fortescue Metals shipped 40.5 million tonnes of iron ore in the three months to December 31, down from 44 million tonnes in the September quarter and the 42.2 million tonnes shipped in the December quarter a year earlier.

WEDNESDAY:

$1.6 billion - US company Varian Medical won the approval of Sirtex's board with a surprise $1.6 billion offer for the Australian cancer treatment developer. The offer, which is $28 for each Sirtex share, represents a 49 per cent markup on the January 29 closing price of $18.83, and a 60 per cent premium to the average price over January.

THURSDAY: 20 per cent - Home building approvals plunged by 20 per cent in December in an indication of the slowdown in Australia's housing market. A 39 per cent fall in approvals for high-density apartments and townhouses was the main reason behind the steep decline, Australian Bureau of Statistics figures showed.

FRIDAY: $273 million - Telstra will take a $273m impairment against its US video streaming business Ooyala, taking the book value of the Silicon Valley business it bought into in 2012 to zero.

Austrlaian Associated PressBack to Breaking News

Market Indices