Yesterday
EV bus builder GoZero clinches $400m valuation; kicks off IPO campaign
Morgans and MA Moelis Australia have been appointed joint lead managers on the IPO and will be in the fast lane for a mid-2025 listing date.
Atlas Arteria tries to claw back $20b in lost returns on US toll road
The ASX-listed company, partially owned by IFM Investors, says the state of Virginia tried to force the Dulles Greenway toll road near Washington DC into bankruptcy.
This Month
Worley expects profit boost from Trump energy policies
The engineering group’s shares jumped 11 per cent after it announced a $500 million share buyback and said it would benefit from a resurgence in fossil fuel projects.
Bingo lenders shop debt after S&P downgrade
Sharp-nosed credit funds in Sydney have fielded approaches from New York’s Cantor Fitzgerald, which is said to be shopping a $100 million-plus parcel of Bingo debt.
Whyalla steelworks fallout trips up $1.5b mining contractor
NRW Holdings must hastily redo its half-year result because its Golding business is owed up to $120 million in the collapse of part of Sanjeev Gupta’s empire.
Gupta’s ‘ringfenced’ InfraBuild bought $430m of Whyalla steel
KordaMentha will scrutinise the sizeable related-party transactions in the administration of the stricken steelworks.
Transurban looks to NZ, US after $15m interim net loss
The toll road group would consider opportunities with “right partners, right structures” in New Zealand after legal costs ate into interim profits.
JPMorgan, MS and RBC strong out of the gate with monster Goodman deal
The Goodman raising, the ASX’s sixth-largest ever and the bourse’s largest real estate deal, was done unsounded and with no wall crossings.
Lucrative telco contracts boost Ventia Services’ profits 16pc
Ventia Services has a “very good relationship” with NBN Co but new competitors can struggle to secure telco maintenance work due to high entry barriers, chief executive Dean Banks said.
Aurizon revisits splitting rail network from haulage business
The group hasn’t previously accepted banker pitches to separate its rail business. But a share price and earnings slump has put the idea back on the table.
Meet Perceval, the robot dog who could inspect Metro tracks in Sydney
Sydney’s new Western Sydney Airport metro line could use a robot to inspect the cleanliness of trains and check rail tracks for faults.
Downer EDI boss says price-fixing claims won’t hurt Defence bid
Peter Tompkins is confident the competition watchdog’s investigation into alleged price fixing won’t hurt its chances of winning multi-billion dollar defence contracts.
Boral earnings bonanza lifts Stokes family’s SGH to bumper payout
The industrial conglomerate will reward shareholders after a rise in Boral profits. It took the massive building supplies business off the ASX in July.
Ryan Stokes declares Victoria in ‘recession’ as investment flees
Ryan Stokes has SGH’s profit margins humming, even despite Victoria’s stalled economy and unending housing supply drought.
Dexus’ infrastructure fund grounded as $1b redemptions hit
The trustee has kicked off a strategic review and slapped a six-month freeze on all withdrawals – or investments – pending its result.
EV charging providers demand review of outdated energy tariffs
Electric vehicle charging companies say consumers are paying the price for inappropriately designed tariffs being charged by electricity distributors
The ‘too big, too expensive’ takeover target that drives bankers nuts
A $60 billion-plus takeover has never been seen in Australia. So, why are some investors talking about the ASX’s Transurban as a potential target?
IFM lands British pension giant as its first overseas shareholder
Nest will take a significant stake in the fund manager that, so far, has been owned by Australia’s largest superannuation funds and manages $230 billion.
Investors say ‘saleable’ Transurban is shaping up as a buyout target
The toll road giant is one of the few infrastructure plays remaining on the ASX. A lacklustre share price has some fund managers thinking its time has come.
North Queensland Airports kicks off $3b sale
The auction is expected to play out over the next six months, with non-binding indicative offers said to be due by April.
January
Changing gears: Kinetic’s sell-side revs up bidders with new pitch
Sell-side adviser Macquarie Capital has done some soul-searching over the Christmas break, fronting up to interested parties with a new pitch.
Igneo pares down stake in $14b Brisbane Airport; Rothschild on ticket
Street Talk understands Royal Schiphol Group bought the stake off Igneo, which has been seeking buyers for half of its 25 per cent stake.
Lindsay Fox debuts new branch of family tree at Australian Open
The trucking magnate, closely flanked by his grandson and newest employee, rubbed shoulders with corporates and bankers at the men’s championship.
Tiny airport beats Melbourne and Sydney to recover pre-COVID traffic
This regional airport says Bonza showed the big guys’ network planning teams that they should think differently about smaller markets.
December 2024
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.