CIMIC Group Limited, formerly Leighton Holdings Limited, is an Australia-based company engaged in building, civil engineering, construction, contract mining, telecommunications, environmental services, property development and project management in Australia, Asia, the Middle East and Africa.
Yesterday, the S&P/ASX-200 share index fell about 1.6%, or 61.3 points, to 3681.2, while the broader All Ordinaries lost 53.7 points, or 1.5%, at 3619. Some US economic research institutions admitted the recession actually started last December, and now the questions are how bad and how long it will be.
Wall Street slumped on Friday with hedge fund selling in advance of a Saturday deadline. On Friday, the Australian sharemarket reversed its sharp losses of mid week to close up over one per cent following a strong US lead and higher base metals prices. As the G-20 leaders failed to come up with specific stimulus action after their weekend meeting in Washington, analysts expect the market volatility to continue but it would be getting close to the bottom.
Leighton International Limited, a wholly owned subsidiary of Leighton Holdings Limited (ASX:LEI) announced that the Al Habtoor - Murray and Roberts Joint Venture has been awarded an AED 3 billion contract for the design and construction of the new Zayed University campus in Abu Dhabi for Mubadala Development Company (Mubadala). The Al Habtoor Leighton Group's share is AED 1.5 billion.
Overnight US stocks slumped more than 5% as investors worried about the global financial crisis and a US recession, wiping out the gains from the Election Day rally as the problems facing US President-elect Barack Obama dimmed optimism on Wall Street.
Overnight US stocks rallied and commodity gained after the Federal Reserve's chairman backed more government spending to help the economy and credit market conditions showed further signs of improvement.
The Australian share market ended a horror week on Friday, down more than 8% in a session that wiped A$106 billion from the value of stocks on the bourse. Last Friday the S&P/ASX200 index fell 8.3% in mid-afternoon trading, losing 360.2 points to plunge to 3960.7, the biggest one-day loss for the ASX200 index. Its affiliate, the All Ordinaries index, had its worst day since the October 1987 crash, losing 8.2%, or 351.9 points, to 3939.4. The ASX200 lost almost 16% for the week, about three times the amount it lost in the week after the September 11 attacks in 2001.
Yesterday the Australian share market closed in the black yesterday after stronger commodity prices bolstered resource stocks and countered a negative lead from Wall Street, although gains were capped by weakness in the banking sector towards the end of trade.
Leighton Holdings Limited (ASX: LEI) - 2007 Annual General Meeting - Mr David Mortimer AO, Chairman and Mr Wal King, CEO and MD; Leighton Holdings Limited (ASX: LEI) present the following audio webcast regarding "2007 Annual General Meeting". You may also download this audio webcast to your computer or portable audio player.
Leighton Holdings Limited (ASX: LEI) - Full Year Results - Mr Wallace M King, CEO, MD and Executive Director; Leighton Holdings Limited (ASX: LEI) present the following audio webcast regarding "". You may also download this audio webcast to your computer or portable audio player.
Leighton Holdings Limited (ASX: LEI) - Preliminary Final Report for Media and Analysts - Mr Wallace M King, CEO, MD and Executive Director; Leighton Holdings Limited (ASX: LEI) present the following audio webcast regarding "Preliminary Final Report for Media and Analysts". You may also download this audio webcast to your computer or portable audio player.
