March
Arcadis boss has a few tips on net zero and combating inflation
The group wants to help local clients ‘spend their dollar a little more wisely’ on transport projects and transmission networks.
- Jenny Wiggins
New Zealand offers options for next Auckland harbour crossing
A decision on the preferred plan will be made in June and construction of the new connection will begin in 2029, according to NZ Transport Minister Michael Wood.
- Tracy Withers
Scott’s may have traded insolvent for months, administrators warn
The company’s secured creditors are expected to be repaid in full from the sale of assets while others are unlikely to see any of the $34 million owed returned.
- Carrie LaFrenz
Downer EDI names Malcolm Ashcroft new chief financial officer
The chief operating officer of G8 Education will join Downer as its new chief financial officer a month after its former finance boss left following profit warnings and accounting errors.
- Jenny Wiggins
InvoCare says $1.8b TPG bid is too cheap
InvoCare, owner of White Lady Funerals and Simplicity Funerals, rejected the $12.65 a share proposal as its stock closed at $11.86.
- Updated
- Simon Evans
Minns’ victory puts brakes on Transurban’s NSW expansion
The toll road operator’s growth in Australia’s biggest city will be curtailed if the premier-elect sticks to his pledge to stop privatisation.
- Jenny Wiggins
Queensland confident Canberra will share any Olympic budget blowout
The Palaszczuk government is adamant any extra costs for the $7 billion bill for the Brisbane 2032 Olympic and Paralympic Games would be split with the Commonwealth.
- Mark Ludlow
Dummy bids: Downer staffers probed by ICAC
Startling allegations of alleged corruption in NSW transport projects have raised fresh questions about Downer’s accounting and governance controls.
- Jenny Wiggins
Downer manager asked for ‘cut’ of rail project, ICAC told
Former Downer project manager Kevin Watters asked a “sham” construction company in 2019 to inflate a quote for building works, a witness has testified.
- Jenny Wiggins
Sham company hired by Downer EDI let workers skip safety training: inquiry
A company that had no employees and was given contracts by Downer EDI allowed subcontracted workers to skip safety procedures, NSW’s ICAC has been told.
- Jenny Wiggins
![ICAC called former Leichhardt Council and Inner West Council employee Tony Nguyen [top left] in its first day of hearings on Operation Hector](http://web.archive.org./web/20230402054838/https://static.ffx.io/images/$zoom_1%2C$multiply_1%2C$ratio_1.777778%2C$width_1059%2C$x_45%2C$y_71/t_crop_custom/c_scale%2Cw_140%2Cq_88%2Cf_auto/26ecce4416386e1451ac402496dca9a15465a0e6)
Downer gave millions to firms with zero employees, inquiry told
The contracting firm enabled a former project manager to pocket hundreds of thousands of dollars in profits and kickbacks, NSW corruption investigators allege.
- Jenny Wiggins
- Exclusive
- Governance
New Downer chairman will ‘walk away’ from risky projects
Mark Menhinnitt says he is not a “journeyman director” and that the troubled company’s board will ask questions before it bids for new contracts.
- Jenny Wiggins
Project Snowbell blooms: RBC kicks off EastLink buyer search
RBC Capital Markets’ bankers have started shopping a 55.45 per cent stake in Melbourne tollroad EastLink.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Nimble rival a thorn for InvoCare and TPG
Private equity giant TPG went after Australia’s biggest funerals group, InvoCare, but a smaller rival has delivered much better returns.
- Simon Evans
CIMIC annual profit boosted by accounting change
Australia’s biggest construction group posted a $425 million annual net profit after changing the way it accounts for its equity stake in ASX-listed Ventia Services.
- Jenny Wiggins
John Holland says most projects now ‘cash positive’
John Holland is rebounding from several years of writedowns and losses linked to Melbourne’s multi-billion dollar Metro Tunnel and West Gate Tunnel projects.
- Jenny Wiggins
Transurban loses top US executive
Transurban’s top US executive, Pierce Coffee, has left the company, departing just before the Australian toll road group abandoned its $5 billion Maryland express lanes project.
- Jenny Wiggins
Can submarines turn Port Adelaide into a property hotspot?
Rich Lister Shaun Bonett says no other precinct in Australia is going through such a big transformation. But can it catch up to Fremantle?
- Simon Evans
Big funds turn up at Global Data Centre Group
There’s some interesting movement on the share register at digital infrastructure play Global Data Centre Group, with shares flying right as an activist investor landed on the scene.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Merchant Place hangs for-sale sign at Smoke Alarms Australia
Mid-market private equity investor Merchant Place Investments has hired Miles Advisory to find a new owner for its B2B services business Smoke Alarms Australia.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
