Aurizon Holdings Ltd shares down Friday, underperforms the Industrials sector
Here is the latest company close update for Aurizon Holdings Ltd, AZJ.
Aurizon
ASX falls 0.6pc on tariff uncertainty
US tariffs, inflation uncertainty clouds outlook, RBA minutes show. HMC down on Healthscope non-payments. Aurizon details hit from OneSteel, Centrex administrations. Star’s liquidity crisis continues.
Whyalla steelworks contamination spreads to listed Aussie corporates
The fallout of the GFG Alliance, controlled by Sanjeev Gupta, is linked to outstanding debts to customers from South Australia’s major steelworks.
Rail operator’s Whyalla worries
Aurizon has resumed rail services for the Whyalla steelworks, but warns uncertainty over the facility’s future could dent the company’s full-year results.
Time to rebuild rail for resilient economy: Aurizon CEO
Andrew Harding says rail infrastructure is critical to keep the economy moving when disaster hits. That’s why we need to put it back on the priority list.
ASX 200 down; Paladin smashed; Platinum cops second strike
Paladin sinks 20pc-plus on mine challenges. Platinum Asset investors vote against pay plan. New intraday records for Aristocrat, CBA. ACCC says airfares up since ‘Rexit’, but Qantas has a different view. Business, consumer confidence up.
GFG rail haulage suspended over ‘contractual issues’
Rail operator Aurizon has suspended some services to GFG Alliance’s Whyalla operations, just days after GFG head Sanjeev Gupta reiterated his commitment to returning to profitability.
Aurizon slumps on missed earnings
Aurizon boss Andrew Harding has staked his leadership of the company on reducing the rail hauler’s reliance on thermal coal business, but analysts say the jury is still out.
ASX 200 rises; JB Hi-Fi hits record; Beach sinks
RBA’s Hauser warns on ‘overconfidence’ on rate forecasts. JB Hi-Fi buying e&s, reports lower profit but beats forecasts. Aurizon flags $150m buyback, strong FY25 after missing consensus estimates. Beach Energy slumps to loss.
Brambles sees a stack more profit to flow in
The pallets and logistics group has upgraded its full-year guidance as it sees further signs of deflation in the supply chain and after 8 million pallets returned to the network.
Aurizon flags dividend lift on stronger profits
Aurizon’s bid to diversify through hauling retail goods across the country is off to a slow start, but its core coal business helped the company to a substantial boost in first-half earnings.
Aurizon results to gauge success of One Rail buy
Aurizon’s half-year results, to be delivered on Monday, will be a big test of whether its $2.39bn acquisition of One Rail Australia in 2021 has delivered.
Rocky road without infrastructure spending: logistics giants
The chief executives of three major logistics companies want money pumped into underinvested infrastructure and a renewed focus by government on improving the nation’s productivity.
Derailment: Key coal rail line in NSW to remain closed
A major coal rail line in NSW will remain out of action until a review of the site is completed following a derailment, with an update expected in a ‘couple of days’.
Aurizon tips $300m into ‘land-bridging’
Rail giant Aurizon plans to invest up to $300m in heavy haul locomotives, container wagons and harbour cranes as part of its expansion of a northern freight link through Darwin.
ASX ends flat; CSL tumbles to four-year low
CSL sinks past Covid lows. PwC former boss Luke Sayers tells Senate inquiry he feels terrible, but there were a ‘number of bad actor tax partners’. Tabcorp tanks. CBA tips ‘live’ RBA meeting. Redbubble soars.
Aurizon looks to freight ‘land bridge’ as coal haulage hit
Rail giant Aurizon is banking on new ways to carry cargo including investments in a freight ‘land bridge’ from the Port of Darwin to offset reliance on coal haulage.
Aurizon wants to turn Darwin into a major container port
The Port of Darwin in Australia’s Top End will become a major shipping import destination if Aurizon gets its way.
ASX slides on ‘hawkish’ RBA; Ansell dives
Sentiment turns as RBA minutes warn of more rate rises. Ansell to slow production. Aurizon sees FY24 boost. EY to release review in weeks. Russian hackers claim Fortescue breach.
Push for $220m revival of Eyre Peninsula rail line
Grain handler Viterra and rail operator Aurizon are lobbying government for funding to support a $220m revival of the Eyre Peninsula rail line.
Aurizon signs $1.8bn freight deal with TGE
Aurizon has taken a big step forward in its plans to reduce its rail business in coal, signing a $1.8bn haulage contract with logistics group Team Global Express.
Aurizon boss lashes safeguard mechanism changes
Aurizon boss Andrew Harding says proposed changes to the safeguard mechanism could lead to the ‘ridiculous and perverse’ outcome of driving up transport sector carbon emissions.
ASX down 0.2pc; Star, JB Hi-Fi, Lendlease dive
Shares fall to a four-week low. Star hits record low after $1.6bn earnings hit. JB Hi-Fi warns of slowdown. Lendlease falls on miss. Endeavour jumps on upbeat result.
ASX drops 0.3pc; Newcrest soars on Newmont bid
ASX 200 snaps three-day winning streak. Iron ore tumbles on demand concerns. Newcrest at seven-month high. Nick Scali profit soars. Downer lands Qld rail contract.
ASX drops to four-week low; tech stocks slide
ASX suffers broad losses amid EU rate jitters; Aurizon jumps on East Coast sale; Mineral Resources moves on Norwest; Chris Bowen slams Santos chief and coal miners gain.
Aurizon rail sale still on track as suitors lose interest
Aurizon is set to announce a demerger of its East Coast Rail business after sources suggested that bidders for the unit had fallen away.
Potential Aurizon suitors ‘baulking’ at price expectation
Reulctance to stump up Aurizon’s high price expectation is believed to be behind a decision to push back a sale decision.
New Hope in race for Aurizon East Coast Rail
New Hope is understood to be bidding for the business as part of a consortium with Oaktree Capital Management and Canadian private equity firm Brookfield.
Glencore wants to get back aboard Aurizon’s rail
Glencore has made a renewed pitch for Aurizon’s East Coast Rail, although its offer is thought to be not particularly impressive.
Aurizon edges closer to $1bn rail sale
The rail hauler expects to make a call on the disposal of its East Coast Rail business within weeks, which could fetch as much as $1bn.
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Original URL: https://www.theaustralian.com.au/topics/aurizon