Yesterday
Fuel issue fixed after flight chaos but delays remain
Chaos has erupted at Perth Airport as more than a dozen flights have been cancelled due to a significant fuel supply issue plaguing the site.
- Updated
- Savannah Meacham
May
Perth to be a Qantas hub under $3b peace deal
The agreement with Perth Airport includes a new terminal and runway, and will help establish the western city as a major port for the airline.
- Angus Whitley
HMC Capital lobs bid for Symphony Infrastructure Partners
Sources say it is going toe-to-toe with a handful of infrastructure investors in the auction’s second-stage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Thames Water’s big stink: Is Macquarie to blame?
The crisis in England’s water sector is coming to the boil. Macquarie, with more than $3 billion invested and its UK reputation on the line, will be feeling the heat.
- Hans van Leeuwen
QIC launches $129m selldown at Dalrymple Bay Infra; MacCap on ticket
The trade was structured as a variable price bookbuild, underwritten by MacCap at the $2.58 a share floor price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
EastLink sell-down clears final hurdle; pre-empts waived
Future Fund’s stake will be managed by QIC, advised by Lazard. The sellers included NZ Super and Teachers Insurance Annuity of America’s Nuveen.
- Sarah Thompson, Kanika Sood and Emma Rapaport
AirTrunk’s bankers juice up forecasts for $15b sale; bids mid-June
AirTrunk expects to lease out its data centres faster than previously anticipated, which merits upgrading earnings forecasts for two to three years from now.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Next Capital shops $40m-a-year remediation specialist Enviropacific
The business has been a beneficiary of heightened regulatory scrutiny around “forever chemicals” per- and polyfluoroalkyl substances, known as PFAS.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Private capital not there for nuclear dream
There’s vested interests everywhere in the energy sector, but it’s hard to find a deep-pocketed investor interested in nuclear over renewables and gas.
- Anthony Macdonald
Chairman swap at Plenary Group after arrival of Abu Dhabi wealth fund
Next up would be replacing the two board seats held by Canadian pension fund Caisse de depot et placement du Quebec.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More jobs go at Downer EDI in efficiency drive
Dozens of employees have lost their jobs in a new wave of cost-cutting including senior executives and people in the engineering group’s IT operations.
- Jenny Wiggins
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sanjeev Gupta’s InfraBuild accuses Chinese rivals of bending rules
The British industrialist’s Australian steel business wants regulators to curb Chinese suppliers of steel mesh used here in residential concrete foundations.
- Simon Evans
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Transurban says drivers could pay more under NSW reforms
NSW’s proposed toll road reforms would hit some drivers with higher fares, create traffic congestion and would not necessarily be fairer, Transurban has claimed.
- Jenny Wiggins
John Laing shops interest in Sunraysia solar farm; $400m deal mooted
Early feedback suggests the asset may fetch a $400 million price-tag, sources told this column.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Transurban network operator claims he was fired for whistle-blowing
The former employee has alleged in court that he was dismissed after blowing the whistle on coercion, manipulation of company records and raising safety issues on toll roads.
- Jenny Wiggins
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
Investors put Bingo on watch as debt trades at a discount
Street Talk understands a small clip of long-dated debt in Macquarie’s waste management play Bingo traded in the past few weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Transurban executives ‘no longer required’ after restructure
Two of Transurban’s top executives will leave on June 1 after the company decided to shift away from state-based oversight.
- Jenny Wiggins
