Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

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Telstra cuts dividend outlook after disappointing FY performance

Telstra cuts dividend outlook …

AusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33...

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

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Telstra cuts dividend outlook after disappointing FY performance

graph arrows downAusBNAusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33% to AUS$3.9 billion from $5.8 billion last year, and slashed its dividend outlook in response to the disappointing annual performance.

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Contrasting fortunes for Origin and Woodside in FY results

cargo ship2AusBNAusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion after a heavy write-down of its new Queensland LNG export project, but half-year (HY) profits at Woodside Petroleum were up 49%.

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Report finds majority of top Australian firms ill-equipped for business in Asia

business meetingAusBNAusBN - A report by think tank Asialink has found that a large majority of executives within Australia’s top 200 companies have a weak understanding of how to do business in Asian markets.

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South Australian government to be powered by 150MW solar thermal plant

solarpanels AusBNAusBN - A 150MW solar thermal power plant has been contracted by the South Australian federal government to supply all of its power needs, confirmed State Premier Jay Weatherill.  

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Westfield to list in UK or US

AusBN – Westfield Corporation (ASX: WDC) has announced plans to list in the US or UK early next year.

The move follows the company’s controversial A$70 billion spilt of its international and domestic units last year.

Following the spilt Westfield holds around 40 malls in the US and UK while the spin-off company Scentre Group holds Australasian assets.

The company has also hinted at moving its Sydney head offices overseas and the new location will depend on where it decides to list.

Chairman Frank Lowy said: “We have made it clear at the time of the restructure that we are intending to get listing elsewhere and the details have not been fully worked out, it’s a very complex issue.

“There will be no solution, until there is listing, as to where head office and administration will be.”

@AusBNOnline

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