Today
- Opinion
- Electric vehicles
The big worry for car makers: what if the EV slowdown is not a blip?
If politicians cannot persuade consumers to buy EVs, will they tear up their net-zero pledges, or turn to other measures to drive sales?
- Updated
- Peter Campbell
Austal’s long-serving chairman weighs retirement as bids land
Multimillionaire John Rothwell founded the Forrest family-backed shipbuilder in the 1980s and has been at the helm since.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Synlait Milk races to raise capital and sell assets to repay debt
Around $120 million was due on Thursday, but the New Zealand-based group has won three more months to find the money for its lenders.
- Carrie LaFrenz
- Opinion
- Aviation
Boeing heard all the warnings, it just wasn’t listening
The aircraft manufacturer deliberately moved its headquarters to be away from day-to-day business. It was a disaster.
- Sarah Green Carmichael
Orora flags earnings pain at its big French acquisition Saverglass
The ASX-listed bottle manufacturer purchased the 126-year-old business last year. On Tuesday, it said orders were lower than expected, sending shares lower.
- Simon Evans
Green premiums are real, says aluminium boss
Electric vehicle makers are refusing to pay a green premium for low-carbon nickel but Capral says customers are paying an extra 5 per cent for clean aluminium.
- Peter Ker and Lap Phan
March
- Opinion
- Chanticleer
Seven starts throwing haymakers to get Boral bid moving
An independent expert’s report is the tip of the iceberg in the battle for Boral. The fight is ramping up.
- Updated
- Anthony Macdonald
ALS writes down $258m drug stake, buys remainder for nothing
The laboratory testing group says it will be able to run the European pharmaceuticals business better once it owns the entire group.
- Liam Walsh
Locked out home buyers need two rate cuts to have a chance
The MD of Brickworks says 13 rate rises, bureaucratic red tape and a 30pc jump in building material costs since mid-2022 have put detached housing out of reach.
- Updated
- Simon Evans
Hot defence stock Electro Optic Systems seeks $40m in equity raise
The company’s shares have jumped 100 per cent this year and 362 per cent over the past 12 months. It was wall crossing fund managers on Tuesday night.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The big M&A contender no one talks about any more
It’s the year of the clean-up M&A trade. And when it comes to cleaning up, there’s one gorilla that’s been untouchable for decades.
- Anthony Macdonald
- Analysis
- Cars
The 911 is Porsche’s cash cow. Here’s why that’s a problem
Too reliant on a car that is 60 years old, the German manufacturer needs to build up the popularity of other models.
- Chris Bryant
Amcor CEO exits after nine years citing ‘health reasons’
A gruelling 24-7 role overseeing 210 packaging plants in 43 countries has taken its toll on Ron Delia, who has run the business since 2015.
- Simon Evans
- Opinion
- Chanticleer
The hidden danger in Boral’s board staring down Stokes
It’s one thing to head into battle with a major shareholder, it is another to survive the war. Boral’s decision to fight Seven Group is admirable, but will have consequences.
- Anthony Macdonald
- Opinion
- Chanticleer
‘Tell them they’re dreamin’: guerilla Boral campaign flares up
A colourful presentation from a boutique broker isn’t normally newsworthy – but remember who was first to call out Origin Energy’s bid.
- Anthony Macdonald
Scroggie to the rescue! NextDC-backed SOV in $25m raise
Sources told Street Talk that the company could raise as early as this week, and has Ord Minnett working on a deal to recapitalise it.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Boral target statement on its way; fundies start to sell
You would think with fund managers like Coopers already folding and arb funds coming on the register, Seven could do a quick job of mopping up the register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Gupta’s Australian steel business helps prop up global empire
InfraBuild made loans to other parts of the Sanjeev Gupta empire, even though its own profits slumped 75 per cent and it began paying a crippling 14.5 per cent rate on new debt financing.
- Updated
- Simon Evans
‘Not a single cent’: Orica meets pushback on clean products
Chief executive Sanjeev Gandhi said regulations forcing companies to switch to cleaner products are needed to overcome a refusal to pay more.
- Angela Macdonald-Smith
Alceon PE ready to harvest 50pc of agricultural equipment biz
Sources said Alceon had no troubles securing backers for the deal and was due to close the transaction in the coming days.
- Sarah Thompson, Kanika Sood and Emma Rapaport
