This Month
Alcoa amends bid for Alumina to suit China’s CITIC
Alcoa has already secured the support of Alumina’s biggest Australian shareholder, Allan Gray, but No.2 shareholder CITIC remains elusive.
- Elouise Fowler
James Hardie in $3.5b wipeout on weaker housing outlook
The share price slumped 14.8 per cent, with CEO Aaron Erter expecting volumes to fall by about 5 per cent in Australia in what he calls a “very challenging” market.
- Simon Evans
- Opinion
- Chanticleer
How to build a cash war chest and get permission to spend it
Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.
- Anthony Macdonald
Incitec Pivot blames gas prices for $498m fertiliser write-down
But the company said it could double returns if it sold those struggling operations to Indonesia’s PT Pupuk Kalimantan Timur and focused only on explosives.
- Simon Evans
Gupta’s $500m Whyalla steelworks upgrade delayed by two years
A plan to produce green steel will now be pushed out until 2027, the company said. It is already grappling with issues that have shut down the furnace.
- Simon Evans
Aluminium losses hit CSR ahead of Saint-Gobain $4.3b buyout
Shareholders will vote next month on the bid from Saint-Gobain, which must wrestle with a loss-making aluminium business hit hard by high energy costs.
- Simon Evans
- Updated
- Manufacturing
Orica says lower input costs offsetting fall in revenues
The commercial explosives maker has reported a 10 per cent increase in earnings, beating analyst estimates.
- Updated
- Elouise Fowler
- Opinion
- Chanticleer
‘Why would I invest a single cent in Australia?’ asks Orica boss
The explosives giant’s CEO, Sanjeev Gandhi, is getting a little tired of hearing about the Albanese government’s much hyped Future Made in Australia policy.
- James Thomson
Whyalla steelworkers cop 30pc pay cut as furnace damage worsens
The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.
- Simon Evans
Sanjeev Gupta calls in rival to help Whyalla steelworks strife
Steel traders say customers of the Whyalla steelworks, which has been offline for almost two months, are ordering supplies from Asia amid uncertainty over a restart date.
- Simon Evans
Backers of takeover target Austal want Hanwha in the race
Austal shareholders say the opening shots in takeover battle for the defence ship builder have fallen well short of the mark, but granting due diligence would be a start.
- Brad Thompson
Tritium collapse a cautionary tale for PsiQuantum support
Readers’ letters on the possible risks and rewards of investing in a quantum computing start-up; the disappointing demise of Bonza; Norway’s leadership on resource taxes; super funds avoiding liability for scammers; and a call for evidence for new gas developments.
April
Pact Group hit by Qenos fallout as Rich Lister circles
Rich Lister Raphael Geminder extended his buyout offer 12 times for packaging group Pact, a large customer of the failed Qenos plastics resins business.
- Updated
- Simon Evans
- Opinion
- Electric vehicles
Musk sells the Tesla dream, skips the details
On the car maker’s results call this week, the numbers were bad but the words were dreamy. Perhaps too dreamy.
- Liam Denning
Elon Musk’s robotaxi dreams plunge Tesla into chaos
Plans for a self-driving taxi are being prioritised over a cheaper Tesla that investors prefer, company insiders say.
- Edward Ludlow and Dana Hull
Look beyond the short term for benefits of Australian-made policy
Readers’ letters on the need for a long-term view of the Future Made in Australia policy; Anzac Day’s poignant message; the battle with Elon Musk over content; a better way to combat Iran; handouts for rich fossil fuel companies; and a rescue plan for Tritium.
- Opinion
- Electric vehicles
How China plans to win the global EV war
The US and European governments are increasingly alarmed at the potential for China’s EV ambitions to put their own car manufacturers at risk.
- Updated
- Jennifer Hewett
- Opinion
- Chanticleer
Will Musk now deliver the ‘biggest value appreciation in history’?
Elon Musk has a new vision: AI-fuelled autonomy allows Tesla to move beyond its past as a car maker or energy company to become a new style of tech giant.
- James Thomson
EV charging play ChargeNet hits the road for equity injection
The company, which bills itself as NZ’s largest EV charging network, is chasing $27.5 million in equity capital to supercharge its growth.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why Elon Musk faces a $500b ‘moment of truth’ this week
The market is losing faith in Tesla’s growth. Its CEO must answer one question to win investors back.
- Updated
- James Thomson
