This Month
AI talent war spreads to banking with $250k+ roles
In a year when AI has dominated workplace conversations, it’s unsurprising that related tech roles have drawn some of the highest salary peaks.
November
Worley board to face investor wrath over executive pay, performance
The global engineering group, which narrowly avoided a first strike last year, is facing a protest vote against its remuneration report for the second year in a row.
September
Tasmea in $43m capital raising for ‘future acquisitions’
Lead manager Unified Capital Partners was offering new shares at $4.30 – a skinny 2.9 per cent discount to the last price.
Why remote work is bad for young women
While working from home benefits experienced staff, it disadvantages one group more than others, a study by three economists has found.
July
First round offers loom for UGL’s $100m EBIT transport biz
According to the flyer distributed by Macquarie, UGL offers its buyer a chance to work across the entire value chain.
Tech workers, scientists take $600k pay cuts to flee Trump’s America
US funding cuts to science programs, riots over immigration and the rise of AI are prompting many Australians to move home – and Americans to seek jobs abroad.
May
Booz Allen to slash headcount as US cuts hurt outlook
The tech services company said it is responding to the Trump administration’s move to shrink government spending.
March
How the builder of the Sydney Metro is adapting to Donald Trump
Five years after a $1 billion loss, Juan Santamaria has changed the way construction giant CIMIC works to avoid US tariffs and ride the data centre boom.
February
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.
GenAI helps engineers cut response time from weeks to minutes
Worley is using the technology to reduce the time it takes to draft responses to complex customer queries by parsing the firm’s extensive technical database.
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.
December 2024
John Holland overhauls executive team as projects struggle
John Holland is searching for a new CEO and its major projects boss will leave in January.
November 2024
Worley narrowly dodges strike on remuneration report at AGM
The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.
August 2024
Downer EDI back in the black as cost-cutting pays off
The contractor’s shares soared on Friday as it swung back into profit and proved it could increase earnings margins.
Worley profits surge but pipeline softens as energy projects cancelled
Customers are being more “pragmatic” on how they reduce carbon emissions and putting pure sustainability projects on hold, says chief executive Chris Ashton.
Monadelphous optimistic on energy transition despite lithium loss
The Perth-based construction group delivered a 16 per cent increase in annual net profit to $62.2 million.
July 2024
Would you like coffee with your concrete?
One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.
May 2024
Engineering parts biz HMA Group seeks backer; $200m valuation tipped
The group, which sold $144 million worth of capital plant equipment to the likes of Glencore and Thiess last year, has sent PKF Corporate Finance on a hunt.
More jobs go at Downer EDI in efficiency drive
Dozens of employees have lost their jobs in a new wave of cost-cutting including senior executives and people in the engineering group’s IT operations.
March 2024
ASX-aspirant Tasmea back in front of fundies, mandates brokers
Tasmea has mandated Shaw and Partners, Morgans and Unified Capital Partners as joint lead managers for an IPO of about $50 million.