Downer bid for Spotless 'crazy and value destructive'
One of the sharemarket's brightest investors reckons the price offered by Downer EDI bid for Spotless makes no sense.
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Brian Robins
Sam Walsh gets new gig at global trader Mitsui
In a rare move for corporate Japan, the Australian former Rio boss has been nominated to join the board of trading giant Mitsui & Co.
'We are short sellers. We are biased. So is TFS'
US short seller Glaucus Research Group has made a full-frontal assault of local sandalwood producer TFS, with some success.
The only watcher who tipped Spotless to fly
Spotless has finally won the attention of a bidder, with contractor Downer EDI launching a full takeover offer
New Hope won't rule out buying Wesfarmers stake in Bengalla
A lift in the coal price coupled with a transformational acquisition has pushed earnings of Soul Pattinson's coal mining arm, New Hope, sharply higher.
Blame game over gas supply woes
The dominant gas transporter, APA warned that frequent rule changes are creating policy uncertainty, threatening to cause "sovereign risk" for investors, but some aren't convinced the company itself isn't the problem.
Households abandoning the grid have 'lost faith'
Energy group warns rise in solar systems clear evidence consumers 'have lost faith' in their energy supplier.
Cost of Snowy upgrade likely to double, experts warn
The cost of the federal government's much-hyped Snowy Hydro upgrade could double once network upgrades are included, experts have warned.
Caltex purchase of petrol discounter falls foul of ACCC
Caltex's purchase of a chain of independent petrol stations in Victoria has run into competition concerns with the consumer watchdog, the ACCC, warning the move could lead to motorists paying more for their petrol.
SA power plan may end up redundant, analysts warn
Plans by the South Australian government to promote battery storage systems and new power stations could be made redundant by plans to boost connections between the state and the national grid, analysts have warned.
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