This Month
Transurban says it was not involved in Rozelle Interchange design
The tollroad operator has told a NSW inquiry into the congestion that the original design was published well before it acquired WestConnex.
- Jenny Wiggins
Sydney Airport earnings more than double to $1.2 billion
Australia’s biggest airport, now privately owned by big global infrastructure funds, is benefiting from the resurgence in flying in Australia and around the world.
- Jenny Wiggins
Lovestruck bosses out from Brisbane storage giant
Two top executives at the $3.3 billion ASX-listed National Storage had an extramarital affair which became the talk of Brisbane. Both are now gone.
- Updated
- Mark Di Stefano
March
IFM Investors steers clear of nuclear projects
The $217 billion group believes energy security is important, but its investments don’t extend to nuclear projects.
- Jenny Wiggins
France’s Engie seeks co-driver at Aussie EV charging biz
Here comes another EV charging deal, courtesy of French utilities giant Engie.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How two Australians rode the $1.5 trillion infrastructure wave
The founders of industry colossus Stonepeak, Michael Dorrell and Trent Vichie, started investing in the asset class in the early 2000s. Their fund nearly didn’t survive.
- Updated
- Antoine Gara
Seven attacks Boral deal expert over ‘fundamental errors’
Seven Group, controlled by billionaire Kerry Stokes, has stepped up the pressure in its push to buy out the rest of cement and asphalt group Boral.
- Simon Evans
Atlas Arteria investors fear board shake-up at AGM
Atlas Arteria shareholders say IFM Investors could use its near 25 per cent stake to force a second strike at the company’s annual general meeting in May.
- Jenny Wiggins
Boral independent directors say Stokes’ bid undervalues group
Boral’s minority shareholders were urged to reject Seven’s bid, based on an independent expert finding the shares are worth up to $7.13. Ryan Stokes disagrees.
- Updated
- Simon Evans
Transurban investors tell NSW to ‘honour’ toll road contracts
A review of Sydney’s 13 toll roads has recommended the government create a new system of “network tolls”, which Transurban would take to court, analysts say.
- Jenny Wiggins
It’s all a family affair at National Storage
The HR horror show continues at National Storage, where undisclosed potential conflicts extend to the children of executives.
- Mark Di Stefano
KPMG knew AusNet contract was a ‘risk,’ Downer claims
The firm had flagged the agreement with the utilities group and should have discovered revenue was overstated, the contractor had alleged.
- Jenny Wiggins
Downer EDI sues KPMG for failing to detect accounting irregularities
The contractor has sought to blame its auditor for the scandal, which wiped some $500 million from its valuation, forcing the firm to quit as auditor.
- Jenny Wiggins
‘Commercial negotiation’ behind Rozelle Interchange traffic meters
The operational agreement behind “ramp meters” that slow cars passing through Sydney’s controversial $4 billion Rozelle Interchange will not be made public.
- Jenny Wiggins
February
Atlas Arteria to be more ‘transparent’, explore special dividends
The toll road group flags more share buybacks and special dividends to boost its share price, which plunged after the acquisition of Chicago Skyway in 2022.
- Jenny Wiggins
Worley writes off Ecuador claims as interim net profit rebounds
Worley CEO Chris Ashton says the global engineering group could pursue claims for work done in Ecuador through the South American country’s courts after a $58 million write-down.
- Jenny Wiggins
Coles slams price gouging claims | PwC’s gender pay gap revealed | Haley loses billionaire donors
Read everything that’s happened in the news so far today.
Irish giant CRH’s $2.1b bid wins over Adbri
The independent directors of cement maker Adbri have agreed to the $3.20-per-share offer from NY-listed Irish group CRH.
- Simon Evans
Alcoa’s mega deal is ’20 years too late’ | Buffett’s still got it | The menace of absurd job titles
Read everything that’s happened in the news so far today.
Transurban hits brakes on Denver’s Northwest Parkway
Local deal junkie Transurban has withdrawn from the auction of a stake in Denver’s Northwest Parkway.
- Sarah Thompson, Kanika Sood and Emma Rapaport
