AUSTRALAND yesterday started the reporting season for property trusts with a profit warning and a $475 million equity raising, one week after it slashed the value of its portfolio by 10 per cent.
Q My retired single mother-in-law is on a pension and owns the house she lives in outright. She has only $8000 cash left in the bank and requires funds for a car, as well additional living expenses. The house is valued at $400,000. Is there a way to draw an..read more
MELBOURNE developer Becton struggled to allay investors' fears at a packed annual meeting, refusing to comment on the possibility of an unfavourable takeover and admitting it had come close to breaching loan covenants.