Downer dives 21pc after raising falls short
Downer's shares tumbled to a five-month low when trading resumed for the first time since its $1.2b bid for Spotless.
Downer's shares tumbled to a five-month low when trading resumed for the first time since its $1.2b bid for Spotless.
The Coltrane Master Fund, which lists its address as Grand Cayman, is now Spotless' second-biggest shareholder.
AMP Capital is believed to be in talks with Macquarie Group's infrastructure arm about co-investing in NSW's up-for-sale electricity distribution company, Endeavour Energy.
Grant Fenn has always been a "risk taker" – albeit one who checks numbers carefully.
Rising population and infrastructure investment is boosting demand in the Nation's Capital.
It's logical to tap the new sources of wealth arising from technology to pay for infrastructure, AECOM says.
Downer's aggressive approach mimics hostile takeovers by Spanish companies.
Car sharing could destroy public transport unless policy makers find a way to tax it efficiently and fund the transport services.
Tensions are running high around the Port of Melbourne as the competition on Australia's waterfront recovers its historically spiky edge.
Downer Group is "comfortable" its $1.2 billion bid for Spotless after looking "carefully" over the services group's financial statements.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in