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
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.
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.
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.
Original URL: https://www.theaustralian.com.au/topics/aurizon/page/2