Transpacific waste story tarnished

IF TERRY PEABODY expected Transpacific Industries, his waste management concern, to quickly regain market darling status when it returned to trading this week after five months' suspension for completion of a capital structure review, he would surely be disappointed by performance thus far. Despite raising sufficient capital to substantially address the company's excessive debt burden, the share price has fallen by about a third from its level immediately before the long suspension and has struggled to hold the $1.20 price of the current underwritten capital raising.

MacQ offloads its US assets

MACQUARIE Group's shopping centre trust will shrink dramatically after it sells about 80 per cent of its US assets at a steep discount.