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Balance Sheet Articles

Institutions back Downer raising

DOWNER EDI has completed the institutional component of its $279 million capital raising as it scrambles to shore up its balance sheet and maintain its investment-grade credit rating.

Paladin Energy reports higher losses as costs rise

PALADIN Energy has reported a first-half loss of $US29.5 million, 55 per cent more than the same time last year, as higher corporate and financing costs weighed on the balance sheet.

Newcrest needs support for Lihir Gold bid

It's early days for Newcrest's $9.2 billion tilt at Lihir Gold but analysts generally regard the proposed offer of one Newcrest share for every nine Lihir shares, together with 22.5¢ cash for each Lihir share, as within spitting distance of a fair price.

Revealed: Sigma's big write-offs

SIGMA PHARMACEUTICALS will unveil a full-year loss of as much as $280 million after acknowledging it may have paid too much for its 2005 merger with Arrow Pharmaceuticals and writing down its underperforming healthcare brand Herron.

Alcoa omen puzzles analysts

DISAPPOINTMENT about the latest results from US aluminium company Alcoa flowed through to the Australian market, driving losses in the materials sector, but analysts say the reaction is puzzling.