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Melrose surges on Elster disposal, plans to return over A 2bn to shareholders
2015-07-28 10:08:52| Chemicals - Topix.net
Melrose Industries rocketed 15% after saying it has entered into an agreement to dispose of its Elster business to Honeywell International for a cash consideration of A 3.3bn and announcing plans to return over A 2bn to shareholders. The company said the consideration is payable in cash on completion and implies a multiple of 3.1 times 2014 revenue and 14.3 times 2014 headline earnings before interest, tax, depreciation and amortisation.
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Greece repays 2bn euro arrears to IMF
2015-07-20 18:19:43| BBC News | Business | UK Edition
The International Monetary Fund confirms Greece has cleared overdue debt repayments, as banks open for the first time in three weeks.
BHP Billiton takes $2bn impairment charge on US shale assets
2015-07-16 01:00:00| Hydrocarbons Technology
BHP Billiton has taken $2bn impairment charges on its US onshore petroleum assets after one of its Texas gas field became more costly to develop.
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BHP takes $2bn charge on US assets
2015-07-15 09:56:42| BBC News | Business | UK Edition
Mining giant BHP Billiton says it is taking a $2bn writedown on the value of its US energy business.
Western Australia's EPA recommends approval for $2bn Perth airport rail link
2015-07-14 01:00:00| Railway Technology
Western Australia's Environmental Protection Authority (EPA) has recommended the $A2.2bn ($2bn) project for conditional approval, which will start construction of the Forrestfield Airport Link that will extend Perth's rail network.
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