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.
Lendlease
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.
This bloke’s got more hide than a Sumatran rhino
One-time backer turned serial hater John Wylie’s hypocrisy is laid bare in new memo, as Lendlease’s CEO makes a bizarre admission.
Lendlease faces writedowns amid pressure for split
Embattled property company Lendlease faces the prospect of taking deep writedowns on its portfolio as it ponders whether it will pursue a controversial demerger.
Brookfield ran ruler over Lendlease before turning to Downer
It turns out Downer is not the only embattled company that Brookfield has considered buying – Lendlease was on its hit list as well.
Investors turn up heat on Lendlease
Tanarra Capital’s calls for Lendlease to split its international businesses have won backing from other investors.
Lendlease hit with ‘please explain’ after downgrade
The developer’s surprise downgrade prompted investors to flee, and now the stock exchange wants answers.
Is demerger on Lendlease’s horizon?
Lendlease says there’s nothing more to see in terms of major change to its construction arm but market watchers aren’t so sure.
Lendlease coming home as global markets stall
Development and building giant Lendlease, under pressure from activist investors and with a sliding share price, will refocus from abroad to its Australian operations, says CEO Tony Lombardo.
Lendlease seeks Macquarie Capital to look at its options
Lendlease is believed to be working with investment bank Macquarie Capital to assess its options.
Lendlease faces investor revolt as turnaround hopes fade
Investors have sold off property developer Lendlease as they were disappointed with the company’s outlook, which has pushed back plans to turnaround its operations.
ASX ends flat; Lendlease leads property falls
Economy to remain resilient: Westpac. Bendigo Bank sees competition issues in ANZ’s Suncorp bid. Boral gains, Seven Group dips on takeover play. APM, A2 Milk soar.
ACCC to investigate Stockland’s $1.3bn housing deal
The competition regulator will look at the impact of the transaction by the country’s top listed developer on the supply of homes.
Lendlease’s US retreat continues
Real estate giant Lendlease has signalled a further retreat from the construction market in the US after earlier announcing it would exit some segments.
Lendlease offloads Darling Square for lucky $88m
The $5.09bn developer is capitalising on demand for well-located restaurants and shopping precincts.
Jail for super swindler that wiped out victims’ life savings
A Melbourne property developer who swindled $520,000 from vulnerable victims including a teacher, a pharmacist and a shearer has been jailed.
Make your bet: the mega-trends reshaping property
Under-pressure Lendlease finally sells one of its foundation assets in a chase for higher-density urban living.
Lendlease sells off estates as it looks to inner city
Lendlease’s $1.3bn sale of 12 housing communities to Stockland underscores the construction giant’s shift towards higher density inner-city projects.
Original URL: https://www.theaustralian.com.au/topics/lendlease/page/4