IEP strikes out on Cummins play
Industrial Equity Pacifies ill-fated investment buy in a US engine maker may have been just bad timing - or a badly botched greenmail attempt. Bruce Hancox thought investing in Cummins…
The man behind new look BIL
With Ron Brierley now BILs London-based takeover scout, post-crash manager Paul Collins has emerged as group general. If Russell Goward hadnt left IEL, Sir Ron Brierley would have. Thats the…
Brierleys no Murdoch
Its now official that any pretensions Sir Ron Brierley may have entertained of being a media magnate are over. Quietly, the sale of a whole stable of newspapers and magazines…
Going against the tide
At current prices both FAI and BIL are excellent buys. The shrewd money is already on them. In my first article for Australian Business early last year, I recommended two…
Provision for BNZ book
Its a bankers nightmare, admitting it got its Bs and Ds wildly wrong. Once again, the Bank of New Zealand has had to front up with a revised provision for…
Best office IEL Grosvenor Place Sydney
It's the ultimate in name-brand offices - prominent architect meets high profile businessman on the best site in Sydney. Sir Ron Brierleys Industrial Equity Ltd is the biggest single-level tenancy…
NZI falls to the Scots
NZI Corp should gain stability from its sale to General Accident, but the high road to Scotland has been a rocky one. The interest payments went back along the chain…
Brierley shortfall
Brierley Investments suffered a $NZ105 million shortfall on its $NZ240 million rights issue largely as a result of the share market crash.The New Zealand Commerce Commission rejected a request by…
Brierley eyes the miners
With both IEL's Sir Ronald Brierley and Elders' Geoff Lord circling the $900 million North Broken Hill/Peko Wallsend merger, 1988 is shaping up as a big year for takeovers in…
AOG guarantees IELs debt
The Australian Oil and Gas Corp has taken the unusual step of guaranteeing its parents borrowings.AOG guarantees IELs debtAustralian Oil and Gas Corp Ltd, a 71 per cent owned subsidiary…