Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, posted a 9.6 percent fall in third-quarter earnings on costs to retain domestic customers and a slump at its Bharti Airtel Ltd. unit in India.
Tabcorp Holdings Ltd. , Australia’s biggest gambling company, plans to spin off its casinos into a separate company from its betting shops as it raises A$430 million ($425 million) in an entitlement offer.
Foster’s Group Ltd. ’s plan to spin off its wine unit may prompt bids from SABMiller Plc , Asahi Breweries Ltd. and other global beermakers attracted to the wider profit margins in Australia, fund managers said.
Tabcorp Holdings Ltd. , Australia’s biggest casino owner, will spend A$160 million ($146 million) to woo high-stakes bettors to Star City in Sydney with new luxury suites, private gambling rooms and its first two jet planes.
Foster’s Group Ltd. Chief Executive Officer John Pollaers, three months into the role, may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc’s hostile takeover bid as profit drops.
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, reported a drop in second-quarter profit as a stronger currency added to lower contribution from regional units such as Bharti Airtel Ltd.
Singapore Telecommunications Ltd. , Southeast Asia’s biggest phone company, said fourth-quarter profit fell 2.3 percent on lower contributions from partners in India and Indonesia and slowing growth at home.
Adam Foster ’s annual wine production of 2,500 cases is a fraction of the sales of Foster’s Group Ltd. , the world’s second-largest producer. Yet it’s a factor in breaking up the rival he shares a name with.