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