Yesterday
Surging international flights leave airports bullish for year ahead
A return of American and Chinese carriers has pushed overseas routes to their highest levels since the pandemic. It may not mean dramatically cheaper fares.
This Month
Downer EDI, Ventia Services execs named in price-fixing allegations
The contractors’ shares tumbled as investors worried whether the allegations would hurt their ability to win tens of billions of dollars of future Defence contracts.
- Updated
John Holland overhauls executive team as projects struggle
John Holland is searching for a new CEO and its major projects boss will leave in January.
- Opinion
- Telecommunications
A year of pain for Optus and Telstra means little telcos are winners
Superloop and Aussie Broadband have been taking share in the highly competitive broadband market as their larger rivals restructure and cut jobs.
Telstra snaps up Boost Mobile, delivering Paul Keating a $40m payday
The telecommunications giant has acquired the specialist pre-paid mobile phone business for $140 million. The former prime minister owns 29 per cent.
November
IAG didn’t register Greensill Capital insurer with ASIC: court claim
Greensill Capital’s key insurance agency did not have approval from regulators to act as an insurer when it was half-owned by $20 billion group IAG, new court documents allege.
- Exclusive
- Ports
Darwin Port’s Chinese owner scrambles to stave off forced sale
The possibility Darwin Port could be taken back was welcomed by Coalition MPs who believe the key asset should never have been sold to the Chinese.
Worley narrowly dodges strike on remuneration report at AGM
The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.
Web Travel restates earnings two months after WebJet spinoff
Company boss John Guscic says he’ll explain to investors next week at a postponed results briefing why margins on its global WebBeds business are falling.
New Optus boss promises company ‘reset’ after horror two years
The incoming CEO says he will draw on a decade of experience at the national broadband network to focus on customer service amid tight household budgets.
‘Maybe we can use Zeppelins’: Australia’s missing infrastructure links
Solar panels and wind turbines crucial to Australia’s energy transition are piling up at a key port because the nation does not have the infrastructure to move them.
‘We didn’t set the tolls’: Transurban pitches new pricing plan
Company boss Michelle Jablko says NSW can’t afford to build roads without private money and is looking at charging corridors according to congestion levels.
Qantas claims network advantage will outgun bulked up Qatar
Qantas international boss Cam Wallace says the wet leasing arrangement that facilitates the partnership between Virgin and Qatar cannot be indefinite.
- Exclusive
- Infrastructure Summit
One business is paying $7.4m in Sydney road tolls
Data compiled by the NSW government shows the high cost of tolls for companies as the state pushes ahead with new laws to monitor the prices motorists are being charged.
Port of Newcastle’s container terminal pitch tempts foreign investors
The world’s biggest coal export hub has been approached by big investors who want to help fund an expansion that is expected to cost well above $2.5 billion.
Sydney Metro’s boss learnt from London’s ‘failed experiment’
Peter Regan found out the hard way how to strike a good public-private partnership for transport.
October
Optus ‘exploited’ vulnerable people, ACCC alleges
The telco group sold phone plans to people who could not use them at home because there was no Optus coverage where they lived, the competition watchdog claims.
Broken Hill pushes for ‘tens of millions’ in compensation
Broken Hill mayor Tom Kennedy says Transgrid could be fined tens of millions of dollars if its emergency back-up systems are found to be flawed.
Optus disputes ACMA’s ‘not highly sophisticated’ cyberattack claim
The hacker in Optus’ 2022 data breach had “a high degree of knowledge” of the telecommunications group’s confidential systems, Optus has claimed.
PM in tangle over Qantas lounge plus ones
Both Anthony Albanese’s fiancee and son are members of Qantas’ exclusive Chairman’s Lounge despite the prime minister saying his son was effectively his “plus one”.