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Today
James Hardie shares sink after $14b deal to acquire American giant
As the building material business’ stock price dived, chief executive Aaron Erter rejected concerns it had overpaid for outdoor products company AZEK.
This $14b US bet just got whacked by Aussie scepticism
The industrial logic of James Hardie’s big bet on US giant AZEK is sound enough, but the price is already worrying investors.
Deal sinks James Hardie; Teal’s husband accused; ‘Peak fear’ day looms
Read everything that’s happened in the news so far today.
December 2024
Australia’s 50 highest-paid CEOs in 2024 revealed
Macquarie Group’s Shemara Wikramanayake is Australia’s best-paid CEO for the fourth year in a row.
September 2024
Brokers tip these stocks in an already hot sharemarket
Equities strategists and fund managers are working out how to navigate a market that has been on a bull run, creating increasingly stretched valuations.
August 2024
James Hardie slated to make good on investor promises, eyes US buy
With the mooted acquisition – and Street Talk understands there is no certainty it will complete – James Hardie CEO Aaron Erter is getting on the front foot.
James Hardie battles weak demand in Australian reno market
Renovators are holding off on big projects because of high building costs and economic uncertainty, but the building products maker expects an improvement in 2025.
June 2024
Kean gets top climate job; Cettire dives 44pc; Myer’s huge expansion
Read everything that’s happened in the news so far today.
$11b swoop on ASX building giants leaves James Hardie the lone prize
The CSR, Boral and Adbri buyouts come at a low point in the construction cycle, with better times expected from mid-2025 once interest rate cuts arrive.
Investors fear more profit downgrades as pricing power crumbles
Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.
May 2024
Rich Lister down $160m as Eagers shares crash on profit warning
Australia’s biggest car dealership group warned of a June-half profit drop as household cost-of-living pressures rise.
James Hardie in $3.5b wipeout on weaker housing outlook
The share price slumped 14.8 per cent, with CEO Aaron Erter expecting volumes to fall by about 5 per cent in Australia in what he calls a “very challenging” market.
February 2024
The worst-kept secret this earnings season? Rising profits
Soaring profits at big companies selling everyday staples such as groceries, electricity and insurance bring new risks for shareholders and undesirable scrutiny from Canberra.
James Hardie says rate cuts needed to revive renovations
The maker of wall cladding products lifted prices by 14 per cent in its Australasian division and is winning market share.
January 2024
Why Australia’s biggest and oldest LIC defied the Ozempic sell-off
Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy.
This fundie blasted Rio Tinto – then doubled down on his investment
WaveStone Capital’s Raaz Bhuyan talks about his latest trip to the Pilbara and how he was horrified by the miner’s initial response to the Juukan Gorge scandal.
December 2023
These assets – including bitcoin – could lead a risk rally
Cryptocurrencies, small-cap stocks and corporate bonds boasting huge yields are all tipped as hot areas for investors prepared to take more risk.
November 2023
James Hardie boss says house price gains will drive renovation rebound
The company’s profits were bolstered by a 15 per cent increase in the price of building materials sold in Australia.
October 2023
News Corp, James Hardie spinner takes Eat, Pray, Love retirement
After a quadruple heart bypass in July, former News Limited spin doctor Greg Baxter retired from CBA in exactly the right way.
August 2023
Renovators put the brakes on $11b market as costs crunch spending
GWA Group, one of the country’s largest suppliers of bathroom and kitchen products, says it expects the segment to remain subdued until next year.