November 2023
Former Leighton executive David Savage appears in Sydney court
David Savage has returned from his French chateau to attend court hearings in Sydney as prosecutors try to prove they have enough evidence to bring a criminal case to trial.
- Jenny Wiggins
September 2023
Labour hire laws could extend to lawyers, accountants and IT staff
A top workplace law expert has warned that despite the Albanese government claiming its labour hire laws won’t cover service contractors, the Closing Loopholes Bill says the “exact opposite”.
- David Marin-Guzman
July 2023
Spain’s ACS confirms Abertis wants Australian toll roads
The Spanish owner of CIMIC, Australia’s biggest construction group, wants to use its stake in Abertis to expand into tolling motorways in Australia.
- Jenny Wiggins
June 2023
Mining union open to carve-out on same job, same pay laws
The MEU is open to excluding service contractors from Labor’s same job, same pay laws provided it does not open up more loopholes for labour hire to undercut pay.
- David Marin-Guzman
May 2023
ACTU names companies in firing line over ‘same job, same pay’ laws
The ACTU wants the government’s same job, same pay laws to target corporate giants in construction, stevedore, mining and airline industries for ‘suppressing wages’.
- David Marin-Guzman
March 2023
CIMIC annual profit boosted by accounting change
Australia’s biggest construction group posted a $425 million annual net profit after changing the way it accounts for its equity stake in ASX-listed Ventia Services.
- Jenny Wiggins
February 2023
Ventia Services struggles to find cleaning and catering staff
The group has delivered a big jump in net profit in its first full year of trading but its biggest challenge is in the ‘lower skilled area’.
- Updated
- Jenny Wiggins
January 2023
‘Iraqi bribery’ case executives served with 1400 documents
David Savage and Russell Waugh have been served with hundreds of documents in the Australian Federal Police’s case alleging bribes were paid for oil contracts.
- Jenny Wiggins
October 2022
MACA to disappear from ASX as Thiess takes control
The WA mining services group will be delisted after takeover suitor Thiess secured more than 90 per cent of the shares.
- Jenny Wiggins
MACA investors on the fence after Thiess secures control
MACA shareholders who have not yet accepted a $367 million takeover bid from mining services group Thiess are weighing up whether to remain minority investors in the Perth-based contractor.
- Jenny Wiggins
September 2022
Thiess goes unconditional on MACA offer
MACA investors have been told that Thiess’s bid is now unconditional despite the mining group failing to get at least half of the Perth-based company’s shares by a self-imposed deadline.
- Updated
- Jenny Wiggins
Why MACA investors are holding out against Thiess
MACA investors opposing a $367 million takeover bid from Thiess are citing lack of clarity on dividends and the rising value of listed contractors.
- Jenny Wiggins
Thiess urges MACA investors to accept takeover bid
Mining group Thiess has extended its $367 million takeover offer for Perth-based MACA for a second time.
- Jenny Wiggins
Thiess extends $367m MACA takeover bid
Thiess has given investors holding shares of mining services group MACA until September 26 to accept its offer after receiving foreign investment approvals.
- Jenny Wiggins
August 2022
Thiess raises MACA bid, secures 16pc
The mining contractor has lifted its cash takeover offer and secured support from the West Australian company’s founding shareholders.
- Jenny Wiggins
Ventia Services says it is on track to hit profit targets
Interim earnings at newly listed contractor Ventia Services more than doubled to $105 million, helped by lower finance costs but profit margins weakened.
- Jenny Wiggins
Come back with better bid, MACA investors say
MACA investors have urged NRW Holdings to make a firm rival bid for the Perth-based construction group after its indicative takeover approach was knocked back.
- Jenny Wiggins
MACA investors have tough decision on Thiess takeover
Shareholders have a month to decide on a $350 million bid from Thiess, or risk becoming a minority investor in a company controlled by the mining contractor.
- Jenny Wiggins
July 2022
CIMIC’s Thiess snaps up WA contractor MACA
WA construction group MACA has urged shareholders to accept a $350 million takeover bid from foreign-owned mining company Thiess.
- Jenny Wiggins
May 2022
Cimic to name Pedro Vicente as next CEO
Australia’s biggest construction group will appoint another Spaniard as its next chief executive officer.
- Jenny Wiggins