Territory Stories

The Northern Territory news Sat 16 Jul 2011

Details:

Title

The Northern Territory news Sat 16 Jul 2011

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2011-07-16

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

Nationwide News Pty. Limited

Place of publication

Darwin

Use

Copyright. Made available by the publisher under licence.

Copyright owner

Nationwide News Pty. Limited

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/233530

Citation address

https://hdl.handle.net/10070/656929

Page content

36 NT NEWS. Saturday, July 16, 2011. www.ntnews.com.au P U B : N T N E W S D A T E : 1 6 -J U L -2 0 1 1 P A G E : 3 6 C O L O R : C M Y K ROYAL DARWIN SHOW! Celebrate the 60 th Anniversary of the 21 st -23 rd July, 2011 Royal Darwin Show 2011 21st - 23rd July, FREE MAPINSIDE Looking Forward. Looking Back. kiningng Looking Forward. Looking Back.Looking Forward. Looking Back. Grab your lift-out on Wednesday ! 0 2 F H 0 4 /1 1 BUSINESS l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l ntnews.com.au Pricey Adelaide land tops Sydney SYDNEY: House blocks in Adelaide are now more expensive than in Sydney, even though lot sizes shrunk in the past decade. Over the past 10 years, median lot sizes in Adelaide have dropped from 565 square metres to 370 square metres a 34.5 per cent fall, research from the Housing Industry of Australia (HIA) and RP Data shows. But over the past eight years, prices per square metre in Adelaide shot up almost 200 per cent, from $165 to $487. This means Adelaide is now the second most expensive capital city to buy residential land per square metre after Perth, beating Sydney for the first time. Fortescue raises iron ore output SYDNEY: Fortescue Metals Group expects to ship 12 to 12.5 million tonnes of iron ore in the September quarter after shipments rose 38 per cent in the June quarter. Fortescue says cash costs per tonne rose to $US53.23 ($49.80) in the three months to June 30, up from $US44.96 in the March quarter. The iron ore producer shipped 11.5 million tonnes of ore in the June quarter, up from 8.4 million tonnes in the March quarter. That compares with 10.87 million tonnes shipped in the June quarter last year. Fortescue says it expects to ship 12 to 12.5 million tonnes of iron ore in the September quarter. Tiger pledges ticket refund MELBOURNE: Tiger Airways passengers with flights booked for August can cancel their tickets without being penalised, while the grounded airline waits to hear when it will be cleared to fly again. It has given a number of undertakings to the Australian Competition and Con sumer Commission (ACCC) that the watchdog says will ensure Tiger passengers arent left out of pocket by the airlines grounding. The grounding currently runs until August 1 but the airline has agreed that anyone with bookings for August can cancel their tickets without penalty. It had previously promised full refunds for people due to fly with it in July. After being criticised for taking too long to stop selling tickets as it waited to see if its initial grounding would be extended, Tiger will tell the ACCC in advance when it intends to resume sales. Google earnings reach $US9b SAN FRANCISCO: Google released blockbuster earnings figures along with word that more than 10 million people have already joined its freshly launched online social network. Google stock prices climbed more than 12 per cent to $US594.90 after release of the earnings figures yesterday by executives who effused about Google+, YouTube, Android and other products, promising even better days ahead. Google reported that its profit climbed to $US2.51 billion ($A2.35 billion) in the recently ended fiscal quarter. We had a great quarter, with revenue up 32 per cent year-on-year for a recordbreaking over $9 billion of revenue, Google co-founder and chief executive Larry Page said. Google+, a rival to Facebook, launched on June 28 and has been a hit despite the fact that membership is invitation-only while it remains in a test phase. Mining giant BHP is planning further acquisitions, the companys CEO Marius Kloppers said yesterday BHPs shales pitch Buys Petrohawk for $14.1b PERTH: BHP Billiton expects to undertake more US shale gas purchases after its $US15.1 billion ($14.1 billion) takeover of Petrohawk Energy, chief executive Marius Kloppers said yesterday. The deal announced yesterday is BHPs second major shale gas deal this year, after its $US4.8 billion ($4.49 billion) purchase in February of Chesapeake Energys interest in the Fayetteville, Arkansas, shale field. The two deals bring the miners investment in the sector in the past six months to almost $US20 billion. Mr Kloppers said BHP was focused on completing the Petrohawk deal, but expected to participate in the ongoing consolidation of the US shale gas space. He indicated forthcoming deals may not be as large as the Chesapeake and Petro hawk transactions. Almost every day, companies as this acreage gets consolidated exchange positions, little transactions happen all the time, he said. Clearly, youre going to see that continue to happen as the various majors and others consolidate their positions to get scale, synergy and so on, and it is very like ly that youre going to see us participate in that. Mr Kloppers said BHP did not believe there were any material regulatory barriers to the Petrohawk deal being completed, unlike its failed $US45 billion bid last year for Canadas Potash Corporation of Saskatchewan. Other than regulatory issues, the Potash Corp deal was widely viewed as being too low. BHP was offering a substantial premium for Petrohawk, not because it had learnt a lesson from the Potash tilt, but because Petrohawks acreage had enormous exploration upside. He also said the miner took worrying economic data from the US as very serious issues, but these were nearterm concerns and BHP Billiton was taking a long-term view of the Petrohawk assets. Travel agency boosts profits Leisure customers are finding compelling reasons to take off overseas SYDNEY: Flight Centre has upgraded its profit guidance, as it cashes in on low airfares and the strong Australian dollar. The travel agency chain says it expects to post a pre-tax profit of $243 million to $247 million for the year ended June 30, up 22.5 per cent to 24.5 per cent on the prior year. It had previously anticipated a pre-tax result of $220 million to $240 million for 2010/11. The pre-tax figures do not include any possible one-off items. Managing director Graham Turner said, based on preliminary figures, this was a new record for the company. He said while domestic leisure tourism had been soft, the company had benefited from solid growth in international ticket numbers. In the current climate, leisure customers are finding compelling reasons to take off overseas, with international airfares remaining highly affordable and the strong dollar delivering a secondary benefit, Mr Turner said.


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