Brookfield, Oaktree eye East Coast Rail
The Canadian and US investment funds are believed to be in the mix to buy Aurizon’s $1bn East Coast Rail business as they look to invest in the coal sector.
Aurizon
Family suitors on board for Aurizon East Coast Rail
Wealthy families have emerged as contenders for Aurizon’s East Coast Rail business, for which bids are due this week.
Aurizon hit on dividend cut
Despite a ‘resilient’ performance in the face of severe weather and Covid-19 interruptions, the rail hauler’s shares fell after a cut to the final dividend and a slide in net profit.
ASX lifts 0.1pc; OZ Minerals, resources jump
ASX rises slightly on energy and materials. OZ Minerals soars on BHP bid, Suncorp dives on profit drop, Redbubble rockets on UBS upgrade and EnergyAustralia earnings fall.
Aurizon fires starter’s gun on East Coast Rail sale
Aurizon has finalised its purchase of One Rail Australia and promptly prepared to sell off the inherited asset of East Coast rail.
ASX rallies on tech, coal miners; banks drop
Tech and resources pace broad ASX gains. Coal miners soar on China reports, Booktopia slips on CEO exit, Bega dives after FY23 warning and LNG exports break record.
Hope for derailed coal-hauler deal
Swiss trading powerhouse Glencore is understood to have walked away from plans to buy One Rail Coal from Aurizon, but some believe private equity could now be around the situation.
Qld rail giant slashes jobs, warns of rising costs
Queensland rail giant Aurizon is cutting scores of key jobs and outsourcing them in order to cut costs, saying the measures need to be taken to stay competitive and maintain profits. See which departments the affected roles are in.
Glencore inquires after Aurizon’s $1bn One Rail Coal
Swiss trading powerhouse Glencore is believed to have made approaches to Australia’s largest freight operator Aurizon about an acquisition of its East Coast Rail division.
Weather, protests and mine woes hurt Aurizon
Despite soaring coal prices, rail hauler Aurizon says Australian miners have struggled to ramp up coal production to take advantage of the price.
ASX leaps; Beach Energy, gold miners gain
ASX ends higher as energy stocks and gold miners gain. Beach Energy up on profit beat, Crown jumps on Blackstone bid, Westpac leads bank rally and New Hope names new CEO.
Aurizon in $2.35bn One Rail deal
Aurizon will pay $2.35bn to acquire Macquarie Asset Management’s One Rail Australia haulage business.
Aurizon may float coal assets: Macquarie
Should Aurizon be successful in buying One Rail, a float of coal haulage assets could be on the agenda, say Macquarie analysts.
Aurizon in box seat for One Rail
The nation’s largest freight company, Aurizon, may have negotiated itself into an exclusive position to buy the $2bn One Rail Australia business.
GrainCorp on Aurizon’s timetable
The nation’s largest freight rail company, Aurizon, has had a busy year behind the scenes examining possible acquisition opportunities.
Could Qube merge with Aurizon?
Market participants are wondering whether plans are brewing for a $13bn-plus tie-up between logistics firms Qube and Aurizon.
Aurizon tracking growth options
Earnings from Aurizon’s non-coal bulk handling business lifted almost 25pc last financial year as the company looks to diversify beyond its coal haulage business.
‘Worst case scenario’: coal exports halve
Australian coal exports could halve in the next 20 years, rail haulage group Aurizon says.
Aurizon profit takes hit from China coal ban
RAIL giant Aurizon’s profit has taken a hit from China’s ban on Australian coal with the company forecasting the chilly relations could remain for an extended period.
China’s import restrictions hit coal: Aurizon
Analysts downplay any trouble brewing with China on coal, but wonder more about prices.
Exec pay under pressure
Pay levels at some of the nation’s biggest companies are falling as corporate earnings succumb to the pandemic.
Aurizon warns of coal freight slump
Aurizon lifted annual profit and will pursue a $300m share buyback, but expects a hefty fall in 2021 earnings.
Rail company posts profit boost
Queensland rail company Aurizon will reward investors by paying out a final dividend after reporting a profit boost for the 2020 financial year.
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Original URL: https://www.theaustralian.com.au/topics/aurizon/page/2