Forrest patriarch dies at 95
Donald Forrest, father of billionaire and former chief executive of Fortescue Metals Group Andrew Forrest, has died at the age of 95.
Fortescue Metals
Legal action to liquidate Scale boss over $100k bill
Rogue solar entrepreneur David Collard, who’s currently laying low in Britain while accruing debts of $7m all over town, has finally been hit with a lawsuit.
ASX falls 1.4pc; Goyder staying at Qantas
Qantas chair says major shareholders back him. AusSuper move comes amid push for a higher Brookfield bid. Transurban drops on ACCC block as Abertis circles. Fels takes aim at energy giants’ profits.
CEO throws down the green hydro gauntlet to Andrew Forrest
Is Orica boss Sanjeev Gandhi’s declaration he’ll be producing green hydrogen by 2026 a bit of a dig at the so far empty promise by Twiggy Forrest to have a plant up and running this year?
Fortescue CFO fires back at Forrest camp
Departed Fortescue chief financial officer Christine Morris has blasted claims made by former boss Andrew Forrest, and received some telling support.
Rio, BHP lift ASX; Fortescue exec hits back
‘Not what I expected,’ ousted Fortescue exec on mining role. China data stronger than expected. ACCC concerns on Qantas-China Eastern deal signal other partnership ‘risks’.
ASX lifts; Rio, Fortescue gain
Broker upgrade boosts Fortescue, Rio. Mark Bouris home loans business to delist. Myer shares up. Uranium stocks surge.
Ground Breakers: Iron ore back above US$120/t, but how long can it last?
Iron ore prices lifted above US$120/t yesterday as credit growth in China brought traders to the table but experts say China’s weak property sector should send prices lower before the end of 2023.
Ex-CEO Gaines sells down $3m Fortescue holding
Former Fortescue Metals Group chief executive Elizabeth Gaines has cashed out $3m worth of the company’s long-term bonus scheme shares.
Investors ‘forgive Fortescue turmoil’
Fortescue Metals Group’s institutional investors ‘understand’ the reasons for last week’s executive chaos, says Fortescue Energy boss Mark Hutchinson.
Green clarity but few answers on Fortescue turmoil
Fortescue’s move to calm the horses offered few answers on management churn and did little to calm the nerves of analysts.
Twiggy has ‘not gone mad’, insists fanboy broker
Angus Aitken, who ‘bought’ a $13m penthouse for Andrew Forrest and got an invite to the FMG celebrations, wants investors to buy up big in Fortescue. Probably a coincidence.
Executive exodus continues from Forrest’s Fortescue
The departure of general manager of operations planning Andrew O’Dowd adds to the picture of the turmoil at the company over the past few years.
The rich get richer as a deluge of dividends flows in
Fortescue Metals Group paid the biggest dividends for Australia’s wealthy elite, with Nicola Forrest sharing in almost $1bn in dividends with partner Andrew.
Forrest sticks with green dream despite Fortescue exodus
Under siege iron ore billionaire Andrew Forrest says he will ‘refuse to buckle’ on his quest to build a giant green energy business despite high turnover amid his senior management ranks.
‘She was lucky to scrape through’: Forrest unloads on former CFO
The Fortescue Metals Group chairman has claimed that an extraordinary wave of management departures at the firm was sparked after he found the company’s strategy had been hijacked by some of its executive team.
Diesel difference of opinion behind Fortescue Hick-up
Fortescue’s now former chief executive, Fiona Hick, apparently didn’t share her boss’s enthusiasm for scrapping diesel subsidies which are a handy little earner for shareholders.
Better to have a clean break: Debelle
Guy Debelle says he ‘learned a hell of a lot’ from Andrew Forrest, but it was incompatible to keep working for Fortescue Future Industries.
Debelle reveals why he joined Fortescue exodus
Fortescue Future Industries director Guy Debelle explains the reasons for his departure – the third senior loss from the Forrest camp this week.
Fortescue, Chalice lead broad ASX falls
PwC pay cuts amid ‘reputational challenges’. Billionaire Solomon Lew’s Myer top-up. Fortescue’s revolving door. Qantas trust issues weigh. Mayne continues to bleed.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/8