Programmed execs get retention payments from Persol to stay after takeover

Senior managers at Programmed will receive retention payments if $778m Japanese takeover goes ahead.

• Updated Sep 1, 2017
• Jenny Wiggins

• Managed funds

How the Rich Invest: Peter Scanlon

Peter Scanlon is a shareholder in takeover target Programmed Maintenance Services, the best performing stock on the market this month.

• Updated Jul 19, 2017
• John Stensholt

• Street Talk

Bid for Programmed Maintenance 'compelling', Deutsche Bank says

Japanese staffing group Persol's bid for Programmed Maintenance is pitched above other recent deals in the sector and offers compelling value to Programmed shareholders.

• Updated Jul 17, 2017
• Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal

Programmed has agreed to be bought by Japan's Persol for $3.02 per share in cash via a scheme of arrangement.

• Updated Jul 14, 2017
• Jenny Wiggins

• Street Talk

Persol makes takeover offer for Programmed Maintenance

Japanese staffing company Persol Group has made a $778 million bid for Australian contract employment and maintenance services Programmed Maintenance Services.

• Jul 14, 2017
• Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

• Construction

Amazon, automation hitting demand for blue-collar workers, says Programmed

Australia's biggest labour hire firm says demand is soft in manufacturing and retail, where confidence is ''off''.

• Updated May 24, 2017
• Simon Evans

• Construction

Programmed says repairs and maintenance the new economic driver for Australia

Labour hire giant says says spending on maintenance and repairs across the nation will grow twice as fast as the broader economy.

• Updated Nov 23, 2016
• Simon Evans

Programmed Maintenance Services cuts FY17 earnings guidance

Programmed Maintenance Services has slashed its earnings guidance for the current financial year by almost 17 per cent.

• Updated Sep 29, 2016

• Employment

Labor's bullying laws turned on union pickets

Swear words on picket lines are now banned but inflatable "Scabby the rat" escapes censure.

• Updated Aug 24, 2016
• David Marin-Guzman

Mining services is the unlikely place brave investors have doubled their money

Brave investors have doubled their money in months in stocks like Bradken, Monadelphous and WorleyParsons. But the sector is not for the faint-hearted.

• Updated Aug 1, 2016
• Simon Evans

• Aged care

Painting, repairs drive Programmed share price surge

Painting, repairs and laying turf are picking up where the mining boom fades, pushing up Programmed shares by 13 per cent.

• Updated May 25, 2016
• Simon Evans and Tess Ingram

Progammed Maintenance posts annual loss

Programmed Maintenance Services has swung to full-year net loss due to lower demand for marine services.

• Updated May 25, 2016

Macquarie Group warns on deal completion rates, confidence

Macquarie Group chief executive Nicholas Moore conceded on Thursday that volatile global markets would likely act as a drag on deal completion rates and hit confidence, as he tempered the company's outlook for its commodities unit.

• Updated Feb 4, 2016
• Joyce Moullakis

Programmed slashes jobs, downgrades profit forecast on oil woes

Programmed has announced that the slump in oil's price triggered $75 million of impairments, a profit downgrade and the exit of about 750 oil and gas staff.

• Updated Feb 4, 2016
• Simon Evans

Programmed Maintenance sells marine fleet for $25m

Programmed has agreed to sell its marine fleet acquired through its merger with Skilled for $25 million, with the proceeds to be used to repay debt.

• Updated Jan 7, 2016
• Jessica Gardner