UGL head says it’s not dragging its feet over split
UGL chief executive Richard Leupen has dismissed speculation he is dragging his feet on a split of the group’s engineering and property businesses, foreshadowing the company could be ready to break up by June.
Manikay’s Finemore keen to put SEC drama behind him
Manikay Partners founder Shane Finemore says he is moving on from the Securities and Exchange Commission trading incident that led to his resignation from the ASX board.
Gas supply concerns remain even as BHP opens Macedon
The peak industry body for Western Australian gas users has warned the state faces gas shortages by 2020 as BHP Billiton officially took the covers off its $US1.5 billion Macedon gas plant near Onslow.
Anti-dumping may hinder BlueScope bid: ACCC
The ACCC has raised anti-dumping actions that keep out cheap steel imports as a possible obstacle to the approval of BlueScope Steel’s $87.5m takeover of two local steel firms from Hills Industries.
Water facility may save Ranger uranium mine
Just days before taking up a new role with Rio Tinto in London, Energy Resources of Australia chief executive Rob Atkinson has led celebrations for an investment that may prove pivotal for the uranium producer’s future.
Colonial infrastructure fund grows as Europe rebounds
Colonial First State’s European infrastructure fund is set to outstrip two fellow Australian funds in size as European economies rebound, generating investor appetite for riskier road, port and airport assets.
Senior execs making mid-career leap to private equity
Australian private equity veteran Joseph Skrzynski says his firm CHAMP Private Equity is being inundated with listed company senior management looking to escape public markets and get into private equity.
Sydney Airport overseas flights soar despite weak dollar
Updated | The recent weakening of the Australian dollar has not stopped Sydneysiders from heading overseas for holidays, as Sydney Airport reported a 6 per cent rise in outbound international travel last month.
Casino players ready to roll
Asian gaming group Genting has been waiting for more than a year to find out if it will be allowed to increase its stake in Sydney casino operator Echo Entertainment.
Class Super gets show on road for planned float
Class Super, which provides accounting software for self-managed superannuation funds, is conducting investor roadshows before a planned float in 2016.
What went wrong with the NBN
The National Broadband Network Company was to be the Labor government’s crowning achievement in the vein of the Snowy River Dam Project.
The story of the Great Southern drama
Astonishing and last-minute evidence may decide one of the biggest class actions in Australian legal history.
Suncorp CEO has no plans to leave
After turning around insurer Suncorp’s difficult financial situation, English CEO Patrick Snowball is appears likely to remain in the top job.
Latest ASX profit reports
| AIA | 20/09/13 |
AIA Monthly Traffic Update August 2013
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| SKS | 20/09/13 |
Stokes acquires ANZ Appliance Parts & Janda Electric Co
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| SYD | 20/09/13 |
Sydney Airport - Traffic Performance August 2013
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| NYO | 20/09/13 |
Market Update
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| ORL | 19/09/13 |
FY13 Appendix 4E and Annual Report
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| SOL | 19/09/13 |
Preliminary Final Report
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| BKW | 19/09/13 |
App 4E & Annual Report to shareholders
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| OCP | 19/09/13 |
Update on full year results of Baycorp
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| BEZ | 19/09/13 |
Besra Releases FY2013 Results
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| DGH | 18/09/13 |
Desane Signs $3.5 Million New Leases with Five Major Tenants
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Slow start to Billson’s competition review
Tony Abbott’s promise of “calm, steady, purposeful government” applies in spades to the promised root and branch competition review.
New trust has money in the bag
Late Wednesday, Allan Fife and his team at Fife Capital created a new real estate investment trust.
ACCC nod could signal start of plays
When Rod Sims passes judgement on Perpetual’s $250 million takeover offer for Trust Co it could well be start of a whole lot of dominoes falling.
Dial Teoh for broadband solution
It is no surprise that David Teoh at TPG has jumped into Australia’s broadband policy vacuum with a proposal to roll out fibre to about 500,000 apartments.
Brookes braves Myer’s marathon
Bernie Brookes continues to run awfully hard only for Myer to go backwards.
Goad needed to shift elephant
As Joe Hockey prepares the terms of reference for the first inquiry into the financial system since 1997 he might want to think about the elephant in the room.
Glencore’s Glasenberg takes no prisoners
It has been said that the softest part of Ivan Glasenberg is his teeth enamel, and he’s living up to his reputation as a hard man.
Red light at the end of the tunnel
Chanticleer | Going bust is probably the best option for all concerned at Sydney’s loss-making Cross City Tunnel.
Workplace bullying: law could stretch to boards
Changes to the Fair Work Act next year will enable allegations of bullying in the workplace to be handled by Australia’s national industrial tribunal.
SKM’s Concept Vision pays off
California-based Jacobs Engineering’s $1.3 billion takeover of Australian engineering consultancy Sinclair Knight Mertz is a result of careful planning.
Resources Daily
Anti-dumping may hinder BlueScope bid: ACCC
The ACCC has raised anti-dumping actions that keep out cheap steel imports as a possible obstacle to the approval of BlueScope Steel’s $87.5m takeover of two local steel firms from Hills Industries.
UGL head says it’s not dragging its feet over split
UGL chief executive Richard Leupen has dismissed speculation he is dragging his feet on a split of the group’s engineering and property businesses, foreshadowing the company could be ready to break up by June.
Companies
Suncorp CEO has no plans to leave
After turning around insurer Suncorp’s difficult financial situation, English CEO Patrick Snowball is appears likely to remain in the top job.
Water facility may save Ranger uranium mine
Just days before taking up a new role with Rio Tinto in London, Energy Resources of Australia chief executive Rob Atkinson has led celebrations for an investment that may prove pivotal for the uranium producer’s future.
Financial Services
Macquarie says Fleck leaves Canadian unit
Macquarie Group has lost David Fleck, the head of its investment bank in Canada, only two weeks after he was forced to close part of the business and sack staff.
Goldman settles lawsuit over eToys’ IPO
Goldman Sachs is poised to leave behind a long-running lawsuit over the 1999 initial public offering of eToys, an online toy retailer whose rise and fall became a symbol of the dot-com boom and bust.
Marketing & Media
Southern Cross chief’s pay increases to $1.66m
Southern Cross Austereo chief executive Rhys Holleran received a pay boost of almost 30 per cent in fiscal 2013, as the media company’s share price grew by nearly a fifth over the same period.
Nick Chan tipped as new COO of Seven West Media
Pacific Magazines chief executive Nick Chan is poised to emerge as a winner in the management restructure of Kerry Stokes’s Seven West Media being prepared by chief executive Tim Worner.
Enterprise
Billson wins cabinet spot
Bruce Billson will be the minister for small business in Prime Minister-elect Tony Abbott’s new cabinet.
Lawyer’s passage from tax to timber with TFS Corporation
Corporate tax lawyer Frank Wilson was working for a Perth firm when a deal landed on his desk in 1997 that proved so irresistible he gave up his profession.
