Tourism

Flight Centre joins ATAS

Group joins voluntary scheme aimed to reduce financial, administrative burdens.

Investors become picky on IPOs

As the second initial public offering in two weeks is abandoned, bankers say fund managers are being much more careful with their support for IPO wannabes.

CVC, UBS pull Mantra IPO

The hotel operator, its owners and advisers decided late last night it would not proceed with an IPO, even though it had sufficient demand to sell $240 million of shares

CVC, UBS play the long game on Mantra

The cut in Mantra’s IPO price was necessary to ensure positive share price performance and a committed share register, say the deal’s defenders.

Mantra IPO scaled back, owners to retain stakes

The bookbuild for the IPO was scaled back and owners CVC and UBS will not sell down their stakes.

Mantra bookbuild closes with solid interest

The future of the hotel group's planned float will likely be decided at meetings today.

Deloitte’s 'Fantastic 5' to keep Australia’s prosperity on top

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Australia’s growth options remain excellent, Deloitte research finds.

Mantra adds rooms before IPO

The hotel and resort manager says it has added 799 rooms to its portfolio as it readies for a book build for its $400 million initial public offering next week.

Emirates upbeat on Aust resorts

Airline may consider adding more resorts to portfolio on Blue Mountains success.

Skittish markets fail to derail IPOs

The book builds of Mantra, Genesis and Burson are all on track to be completed by the end of the month.

IPO cavalcades roll on with Mantra, Burson Auto

Mantra’s management kick off a road show for the hotel operator's IPO while analysts involved in the Burson Auto Parts share sale also visit fund managers.

Mantra targets $500mn IPO eyeing China tourist boom

The hotel operator plans another roadshow in the second week of March and aims to list before Easter after a strong response from Asian investors.

Wotif.com H1 profit weakens

Online travel business books increased costs from investment in marketing, IT.

Webjet H1 profit soars

Online travel booking group says it is too early to revise full-year guidance.

Crown Resorts lifts HY profit

Casino operator says weak consumer sentiment hit trade in Melbourne, Perth.

When investment is a fine art

The fickle trends of the art market can paint inexperienced investors into a corner. Novice investors will do well to treat artwork as an aesthetic investment rather than a financial one.

InterContinental profits plunge 31%

World's largest hotel operator sees yearly earnings dip on tax liabilities.

Webjet profit soars in H1

Shares in the group surge more than 20% after upbeat H1 earnings.

Thai tycoon eyes Frasers Centrepoint float

Charoen Sirivadhanabhakdi's possible Singapore listing to include Australian properties.

Sunsuper to buy out Discovery stake

Sunsuper is buying the remaining interest of Discovery Holiday Parks in a deal believed to be worth about $240m, sources said.

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