Global retreat buys Lendlease boss another year in top job
Lendlease chief executive Tony Lombardo has given investors what they have wanted, now he just has to pull the plan off.
Lendlease
Lendlease makes $4bn retreat from offshore markets
The developer’s shares rally on decision to sell its offshore building units and major developments and bring the capital back home, where it also faces challenging markets.
Property leads ASX 200 gains; Neuren soars
Australian Vintage extends suspension as Accolade ends talks. Star suitor proposed turnaround strategy. Restructure boosts Lendlease. Healius to offload Lumus. Neuren soars after drug trial. Cettire jumps.
Lendlease’s grand plan to bring $4bn back home
The Lendlease boss Tony Lombardo is expected to take a significant step towards reshaping his pressured property play.
Lendlease and CEO on edge as tax stress mounts
The property giant is preparing to reveal its new strategy, as sources indicate the company will face a cash call ahead of any attempt to dispute its tax bill.
Lendlease still divided over recovery strategy
Concern was building late last week that the leadership at Lendlease might be divided over what to announce in its strategy day on Monday.
Why activists are getting their hands on the controls
It’s been a massive week for activist investors with Lendlease, Karoon Energy and Bapcor all facing the glare of shareholders who want change and are not afraid to say it in public.
Lendlease cops blast as market stays high
What to do when the markets look historically expensive? Allan Gray is finding value in package makers such as Orora and telling Lendlease management to shape up.
D-day looms for floundering Lendlease
The company started by Dutch immigrant Dick Dusseldorp in the 1960s faces a reckoning and investors won’t forgive its current management if the turnaround isn’t swift.
Lendlease’s towering vision for Melbourne
The under fire developer wants to bring a new luxury tower to one of the Victorian capital’s top addresses as the city’s apartments come back.
Lendlease loses local construction boss ahead of restructure
Top executives at real estate developer and builder Lendlease are resigning ahead of the group’s plan to axe thousands of jobs.
Lendlease chair to exit after investor revolt
Former banker Michael Ullmer plans to leave the beleaguered developer in November, which could spark more unrest as big investors have flagged they want him to leave more quickly.
ASX ends flat; Webjet lifts; Eagers dives
Inghams says not impacted by bird flu case. Webjet gains on demerger plan. Eagers dives on earnings warning. Telstra hit by downgrades. D-Day for BHP’s next Anglo move.
Mulcahy favoured for Lendlease chair role
The hunt for a new chairman at Lendlease is narrowing to former Mirvac Group chairman John Mulcahy.
Former Dexus boss tipped as Lendlease chair contender
A former Dexus boss and an ex-Suncorp exec are among those being tipped as possible contenders for key spots on the Lendlease board.
Aware Super calls for rapid exit by Lendlease chairman
The superannuation fund heavyweight has made surprising demands for change at the helm of the developer ahead of its crucial strategy day.
Lendlease makes Asian play as chairman’s exit looms
The company’s future plans are set to be revealed at a strategy meeting at the end of month, with a renewal of the board on the agenda.
ASX 200 falls; SkyCity fine; Bendigo Bank up
SkyCity Adelaide to pay $67m AUSTRAC penalty. Bendigo Bank jumps as margins rise. Star’s Queensland licence suspension date pushed back. Lendlease sells Asian asset. China eases mortgage rules.
Why ‘good’ and ‘bad’ Lendlease will have to part ways
Chief executive Tony Lombardo knows he is going to have to dig deep later this month to pull the builder out of its downward spiral.
Lendlease to fight $112m tax bill amid profit warning fears
Embattled property developer Lendlease has vowed to fight a $112m tax bill that analysts fear could lead to another profit warning, as activist investor John Wylie circles.
ASX 200 erases losses to end flat
Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale.
‘More pain to come’ after $112m Lendlease tax bill
Lendlease is set to make an announcement on Monday concerning a tax bill from the ATO, as a whistleblower says the company was cautioned about its accounts.
HMC Capital snaps up 10pc stake in Baby Bunting
Retailer Baby Bunting has been a disappointment for years with a string of downgrades crashing its share price, but the David Di Pilla-backed HMC Capital sees potential.
Lendlease faces tax slug as major investors revolt
Embattled developer Lendlease’s long running tax battle is tipped to go against it, potentially inflaming the push against its board.
Lendlease mulls asset split as pressure mounts
Lendlease could be plotting a move to tip all its unprofitable assets into a separate entity still held within the company’s overall structure that would be gradually sold down.
‘Time’s up’: Wylie takes aim at Lendlease chairman
Activist shareholder Tanarra Capital has stepped up the pressure on the property major ahead of a critical briefing, demanding ’fresh thinking and leadership’.
Booming logistics start-up raises $2.75m for expansion
A Sydney firm that works with major property developers and retail giants including Lendlease and Westfield is hoping to expand into the US. Here are this week’s biggest capital raisings.
D-Day looms for Lendlease with strategy update
Lendlease’s strategy update in late May is drawing closer and there’s some chatter that the company has to make a decision now on which way it will go.
Tax specialist renews court claims over Lendlease spat
A former Greenwoods & Herbert Smith Freehills tax lawyer is pushing ahead with legal action against his old firm after raising concerns over the tax treatments of client Lendlease.
Lendlease break-up reprieve as HMC ups stake
Activist investment house HMC Capital wants Lendlease to speed up its recovery but is not seeking the company’s break-up.
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