This Month
Santos CEO says he’s not going anywhere, hits out at politicians
Kevin Gallagher has denied that he is about to step down after nine years of leading Santos, and has attacked politicians over the handling of the energy transition.
Asbestos victims want compensation assurances from James Hardie
The building materials giant will shift its primary listing to New York under a plan to merge with American group Azek.
Sanjeev Gupta refuses to hand over control of Whyalla port
KordaMentha has taken the British industrialist to court, claiming he refuses to hand it control of the town’s port, jeopardising plans to find a new owner.
Investor wants government review of James Hardie waiver on $14b Azek deal
Long-term James Hardie investors say the Azek deal is value destructive and were disappointed by discussions with the company’s chair Anne Lloyd on Monday.
Six things to know before buying an EV
Prices are falling across the market, with Tesla models up to $20,000 cheaper than two years ago, and BYD making strong inroads.
James Hardie chair to meet investors after backlash on Azek deal
The ASX waiver given to James Hardie for its $14 billion deal has hamstrung investors, who have stripped $5 billion but can’t block the unpopular transaction.
Tesla car sales in Australia plummet 53pc in March
A downturn in Tesla vehicle sales in Australia is mirroring the rest of the world, with the BYD brand making strong headway.
Captain Cook Cruises, SeaLink on the market in Kelsian review
The company is one of the country’s largest tourism and transport operators. It says it is considering selling some of its businesses to pay down debts.
March
Car parts makers plead for tariff exemption as Trump fuels trade war
Australia-made car parts worth $200 million in sales are in the firing line of Donald Trump’s trade war.
Minerals chief warns against taxpayer bailout for struggling smelters
Andrew Michelmore, the former chief of ASX-listed zinc smelter Zinifex, said taxpayer funds paid out in bad times should be recouped in good times.
Former cricketer Brett Lee’s beer company owes creditors $10m
Sydney Beer Co, co-owned by the former Australian fast bowler, owes the Tax Office $1.3 million after collapsing on March 11.
Whyalla steelworks in $60m emergency spend to secure coal supply
The steelworks’ administrators have secured coking coal from BlueScope, China and Indonesia to keep making steel after it was left with only three days’ supply.
US law firms threaten to sue over James Hardie and Azek’s merger plans
Three American law firms are threatening to sue the New York-listed group because the price is too low, while local analysts are worried the price is too high.
James Hardie investors worried $14b Azek deal is overvalued
As the building material business’ stock price dived, chief executive Aaron Erter rejected concerns it had overpaid for outdoor products company AZEK.
Former investment banker relishes King Island Dairy rescue
Nick Dobromilsky, who grew up in Hobart, and business partner Graeme Wilson, are aiming to do better than a string of corporate giants at King Island Dairy.
Billionaire Solly Lew hunts for health, cosmetics retail acquisition
After merging its apparel business with Myer, Premier Investments is now seeking an acquisition in the cosmetics sector.
Lamborghini boss: Roar is at our core, and even EVs won’t sound fake
The Italian carmaker has an 18-month waiting list as sales and profits hit a record, with its engine roar here to stay as luxury Chinese EV rivals step up.
New home targets ‘not going to go close to being met’
The leader of Australia’s biggest brick-making group, Brickworks, says Australia still won’t have built enough new homes by 2029 to meet government targets.
Whyalla steelworks halted, millions in capex urgently needed
“Because of the underinvestment, inadequate maintenance and servicing of critical infrastructure, the steelworks are in a state of disrepair,” says KordaMentha.
Oceania Glass collapse brought on by failing machinery: administrator
The 169-year-old company was the country’s only manufacturer of architectural glass before its private equity owner, Crescent Capital, called in Grant Thornton last month.