Source: Newcastle Permanent
In a first for an Australian building society, Newcastle Permanent announced today that it had sealed a $330 million bond issue deal with United States based investors.
Newcastle Permanent’s Chief Executive Officer, Stephen Porges, said the financial strength and security of Newcastle Permanent was highly attractive to US based investors in the wake of lingering problems in the US economy.
"Internationally Newcastle Permanent is now being recognised as a very safe, strong institution.
"The extremely solid credit ratings that we hold, issued by internationally recognised ratings agencies, Standard & Poor’s and Moody’s, place Newcastle Permanent on equal terms to the mainstream regional banks in Australia.
Article by: Andrew Milliss
A quick internet search reveals that out of the four House of Representatives electorates that are in at least part of the Hunters boundaries three of them are held by members of the Australian Labor Party, the Member for Patterson is the sole Liberal Party member in the Hunter Valley. The seat of Charlton has been represented by a member of the ALP since 1984, the seat of Shortland since 1949 and the Newcastle seat has been a left wing stronghold since Federation.
An examination of the sitting member’s websites shows the Patterson MP is proud to announce his achievements, happily listing federal funding to the very marginal seat in recent times. Now I am sure that the ALP members have done a fantastic job of getting their fair share of funding for their local constituents but on their websites the incumbents seem to be a bit more modest in listing federal grants to their electorates.
Source: Sydney Morning Herald
The Newcastle Jets and Central Coast fought out an entertaining scoreless draw in front of 14,169 fans here on Sunday, allowing the Mariners to stretch their lead to five points atop the A-League ladder.
Newcastle remained fourth.
Plenty of opportunities were created in the perfect conditions but neither side could break the dead-lock.
Mario Jardel may have earned another chance at starting for the Jets with his best performance in the A-League thus far.
Source: NIB Holdings Limited
NIB Holdings Limited (nib) today alerted its shareholders that they may receive an unsolicited offer for their nib shares.
Share Buying Group Pty Ltd (Share Buying Group) requested a copy of nib’s share register and has made an unsolicited offer to nib shareholders for their nib shares.
NIB is aware of an offer that Share Buying Group has made of $0.61 per nib share.
This offer is 51% below nib’s closing share price of $1.20 on 22 November 2007. The offer price does not reflect the true value of nib shares.
Source: Glenn Jackson, League HQ
NEWCASTLE are facing a battle to keep Kurt Gidley, with South Sydney to chase the representative star.
While Knights officials are expected to commence negotiations with Gidley next week, the Rabbitohs have already placed the 25-year-old – who is officially off contract at the end of 2009 but has a clause in his favour which effectively makes him a free agent at the end of next season – at the top of their hit-list for 2009, along with Parramatta’s Test and Origin fullback Jarryd Hayne.
The Rabbitohs have already expressed an interest in the Test player, and while Gidley yesterday maintained a desire to continue his career with the Knights, he did add: "This contract’s probably the most important of my career. I’ll be 26 next year and I’d like something pretty good. When you get to this point in their career, you like something long term and something pretty healthy. It’s early days, but there’s an option in my favour, which is good."
The Rabbitohs have made no secret of their desire to snare Hayne to the club for which his father, Manoa Thompson, played. What is not clear is whether the Rabbitohs would be in a position to bring both Hayne and Gidley to the club.
However, they do face an uphill task in trying to lure Gidley out of Newcastle. His manager Darryl Mather stressed he would give the Knights every opportunity to secure him long-term.
Get Engaged (Empowering Newcastle Young People) Source: The Newcastle Youth Council
Newcastle City Youth Council urged candidates for the federal seat of Newcastle to engage with their young constituents by announcing their responses to the many issues important to local young people.
Newcastle Youth Mayor, Mitchell Wall highlighted the fact that, young people aged 12-24 make up 13.6% of the population of Newcastle but are often characterised as being disengaged and uninformed. In response to this, a dedicated web site “Get Engaged” (www.GetEngaged07.com) has been created to address this apparent need.
Source: Hunter Business Chamber
The major parties have less than three days to deliver commitments on long awaited infrastructure projects for the Hunter, the President of Hunter Business Chamber, Karen Howard said today.
The projects are the extension of the F3, the completion of the Motorway 23 (the western Newcastle bypass) and the western grandstand for the Energy Australia Stadium.
“The most important is the extension of the F3. We are losing hundreds of millions of dollars through lost business and employment opportunities that will come with that extension. We have a commitment from the Government but nothing yet from the Opposition.
Source: Hunter New England Area Health Service
While opening the health service’s inaugural Falls Injury Prevention Forum today, Hunter New England Health Acting Chief Executive Dr Nigel Lyons highlighted some startling figures.
Every day about 165 older people present to one of Hunter New England Health’s emergency departments following a fall and as many as 14 of these people die each year as a result of their fall.
"Based on projections, if we do not act on preventing the number of falls now, we will need 800 additional hospitals beds and 1200 residential aged care beds in the next 40 years in NSW. This is just to cater for the expected increase in falls events resulting from the demographic trends of an ageing population," Dr Lyons said.
Source: National Stock Exchange
Alternative equity market operator, the National Stock Exchange (NSX) opened a new board in September this year devoted exclusively to clean technology stocks. Attracting former United States vice-president Al Gore to its opening, the sustainable and cleantech investment market is attracting companies that are environmentally friendly to list on the new market.
The FEX Sustainable and Cleantech Investment Market (FEX-SIM) is the first of its kind in the world.
“Part of NSXs strategy is to focus on applying its market capabilities and stock exchange licence to a diverse range of markets, and this includes those markets with an environmental focus. “says Richard Symon, CEO, NSX, “by teaming up with FEX we can focus on companies dedicated to identifying and promoting innovative solutions that support the transition to a clean, secure and sustainable future. “
Source: Newcastle Port Corporation
Newcastle Port Corporation today praised the crew of a Korean coal carrier that rescued four people off the Newcastle coastline at the weekend when their runabout capsized.
The four occupants of the runabout were thrown into the sea on Saturday afternoon but the quick action of the crew of the Amakusa Island saw them launch a lifeboat for a rescue operation.
Newcastle Port Corporation CEO, Gary Webb, said the four men were Taken aboard the lifeboat and then transferred to the Amakusa Island.
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