Yesterday
Aurizon slashes 200 jobs as Whyalla impairment bites
The rail freight group is hauling less bulk commodities, partly because of big customers such as the Whyalla Steelworks being in administration.
April
Origin makes further $175m payment for wind farm, as LNG revenues slump
Investors and analysts are looking beyond falling revenue from Origin’s stake in Australian Pacific LNG to its renewable energy and Octopus investments.
Trump’s trade war creates worse shipping turmoil than the pandemic
One of the world’s most respected maritime analytics firms says global container volumes will fall this year for only the third time in almost five decades.
Aussie Broadband launches ‘aggressive’ push into mobile services
The challenger telco will use cheap plans to lure Telstra customers as it plots its most ambitious move into the $20 billion mobile market.
Greensill Bank alleges IAG executives knew of billion-dollar policies
The claim, filed with the Federal Court, has been brought against the insurance giant by German investors owed money by Lex Greensill’s failed financial group.
Shipping giants face surging demand before tariffs hit global freight
Executives at big maritime transport businesses and ports warn consumers could get hit with higher prices as importers scramble “to get cargo in under the wire”.
Trump trade war shakes up shipping and ripples to Australia
International shipping lines are cancelling scheduled port calls or entire voyages and some are preparing to idle vessels with crew aboard as cargo volumes drop.
US-China trade war could lead to cheaper goods for Australian consumers
Ruslan Kogan, founder of online retailer Kogan.com, says Chinese manufacturers lumped with extra capacity could direct goods to Australia.
Sydney Airport takes $46m write-down on deferred hotel, transport hubs
It is postponing some projects as it overhauls its business strategy and prepares to deliver a new 20-year master plan.
March
Building giant says low bids from global rivals put projects at risk
The managing director of CPB Contractors says multi-billion dollar infrastructure work is coming unstuck because some big rivals don’t understand local cost.
How the builder of the Sydney Metro is adapting to Donald Trump
Five years after a $1 billion loss, Juan Santamaria has changed the way construction giant CIMIC works to avoid US tariffs and ride the data centre boom.
IAG seeks to delay trial on $7b Greensill insurance claims
Greensill Capital’s biggest insurer is less than a year away from defending claims that were lobbed after Lex Greensill’s financing firm collapsed in 2021.
Airport ‘super profits’ back as revenue hits record
Australia’s biggest airports were flush in 2023-34 despite the number of travellers remaining below pre-pandemic levels.
Melbourne blowouts tip John Holland into $55.5m loss
The construction giant slid into the red from a profit of almost $100 million a year earlier due to “project delivery issues” and cost blowouts.
Optus considers bundling sports streaming with mobile plans
The Singaporean-owned group has been weighing up whether to sell off its streaming business, which holds the broadcast rights to English Premier League matches.
Optus has had some horror years, but its new CEO is taking on Telstra
From overhauling the books at Melbourne Storm to war gaming the impact of COVID-19 on the NBN, Stephen Rue is a solutions guy. Optus is his next big challenge.
ACCC warning on DP World’s $174m takeover sends Silk shares diving
The purchase of the ASX-listed warehousing and port services group by the global stevedore could lessen competition and send the price of goods higher.
AustralianSuper’s Indara reviews ‘smart city’ assets as losses mount
Australian Super’s loss-making telcoms tower business, Indara, is reviewing its troubled smart city infrastructure businesses as it searches for a new boss.
February
TPG Telecom says regional push is growing customer numbers
The country’s third-largest telco, which owns Vodafone and iiNet, is sharing a network with Optus, and hopes this will increase its mobile market share.
Snowy 2.0 dig shut down after shrapnel flies from fan
The incident could cause further delays to the project, which has been plagued by overruns including when the tunnel boring machine was bogged for over a year.