August CPI cools to 2.7pc – lowest level since 2021 – on government subsidies. Analysts warn RBA ‘risks prolonged subpar growth’ with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
Twiggy Forrest, Gerry Harvey and other top directors will pocket mountains of dividends in coming weeks and analysts say it’s good for all shareholders that they have “skin in the game”.
Iron ore giant Fortescue will no longer buy voluntary carbon offsets, raising doubts over their effectiveness.
Every picture tells a story, they say, and these ones clearly show the absurdity of the dream versus reality of what has come to pass for Andrew Forrest’s green energy aspirations.
Investors in Fortescue Metals Group, who just want its healthy dividend stream to keep going, are having to live with a lot of ‘green sky’.
Fortescue says the market for green products generally is ‘much, much larger’ than it previously believed, as the company looks to sink $1.8bn into its energy division this year.
RBA hike not ruled out as inflation remains sticky at 3.5 per cent. Controlling shareholder Rio to back ERA’s $880m discounted raise. Special dividend boosts Woolworths. Tabcorp’s worse than expected loss, CEO-elect Gill McLachlan’s ‘reality’ check weighs.
Mineral Resources says it’s a female friendly workplace and splashed cash on a glossy video starring a former federal pollie to push the case. Such a shame it’s a load of piffle.
More details have been revealed in the Federal Court about the extraordinary surveillance efforts undertaken by Fortescue to spy on its former executives.
Ex-Fortescue executives have heard that spying on their families and their ‘green iron’ start-up was part of a regular court requirement to grant raids.
Andrew Forrest’s Fortescue tried to paint former executives who started a rival business as shady actors in order to persuade a judge to allow the company to raid their homes.
Despite the scandals that sometimes swirl around it, the Church of Jesus Christ of the Latter-day Saints is booming in the Pacific.
Fortescue’s private investigators followed former employees for weeks but a court ruling means the iron ore giant won’t have to reveal details of the company’s brief to the PIs.
Fortescue staff, in documents filed in court, say the timelines and funding for alleged intellectual property thief Element Zero don’t add up.
Fortescue executives were directly involved in overseeing private investigators that followed former employees and their families, court documents show.
Noel Pearson’s invitation to join the Fortescue board is the culmination of a long relationship between the Indigenous leader and Andrew Forrest.
Super Retail ex-exec alleges bullying, harassment. Fortescue crashes after mystery stake sale. BHP, Lundin bid $C4.1bn for Filo Corp. Ramsay taps Woolworths Supermarkets boss as next CEO. Credit Corp’s top gainer. Rex halts 737 bookings amid financial woes.
Shares in the Perth-based iron ore miner were being auctioned off after the market closed on Monday.
As evidenced by the reaction to Andrew Forrest’s green hydrogen backdown, journalists need to be especially sceptical testing claims in-line with their biases.
With Fortescue’s green spending under renewed scrutiny, analysts are asking whether the company can save the world as well as saving shareholder dividends.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/2