The $10bn road ahead of Michelle Jablko
The first internal CEO succession at Transurban shows just how much the toll road major has matured under Scott Charlton.
Transurban
Transurban’s new boss drives female CEO tally
Toll road operator Transurban has appointed Michelle Jablko as only its fourth-ever CEO, resulting in more than a quarter of Australia’s top 20 companies being run by women.
ASX falls on tech losses; Bapcor top gainer
Tech sector leads declines. NBN Co submits revised pricing proposal after ACCC rejection. RBNZ holds rates. KPMG cuts pay as revenue lifts. Fletcher, Transurban, Computershare among losers.
Will Jablko be the next ruler of the roads?
Banker turned company executive Michelle Jablko is among the frontrunners to take on the top job at Transurban from long-time boss Scott Charlton.
ASX ends up 0.4cp; CBA jumps, Suncorp falls
CBA rallies on dividend beat and $1bn buyback amid record profit. InvoCare board backs lower TPG bid. Suncorp falls on ‘disappointing’ update. Energy providers see strong turnover. Australia likely to avoid hard landing.
QIC enters race for Melbourne’s EastLink
If Transurban thought it had an open road to a stake in Melbourne’s EastLink, it could be mistaken, as sources say Queensland Investment Corporation is interested.
ACCC puts spanner in Transurban’s motoring monopoly
The ACCC wants competition on Victoria’s monopolised toll roads but will behemoth Transurban acquiesce?
ACCC concerns over Transurban’s EastLink bid
The ACCC holds fears over Transurban’s entrenched position as the nation’s largest toll road operator, access to traffic data and lower cost finance.
ASX ends flat as retail surprise sparks jitters
Allegro Funds shapes team for PwC spin off. May retail sales growth of 0.7pc beats estimates ahead of RBA meeting on Tuesday. AMP economist Shane Oliver expects more rate hikes.
‘Terrible’: Toll company slammed over ad
A bid to raise awareness for truck safety has instead made an Aussie toll operator the centre of online uproar.
Private sector to fill infrastructure gap
Transurban chief executive Scott Charlton says the toll road operator is prepared to step in and fill the potential gap from a pull back in government spending.
Solid ASX finish, led by utilities, energy
The sharemarket has finished 0.4 per cent stronger with gains across the broad ahead of the Reserve Bank’s latest rate decision. Energy was the best performing sector, followed by utilities and health care.
ASX adds 0.3pc; Lake soars as AMA, Regis tank
Court approves BHP’s OZ Minerals buy. Iron ore nears 2023 low. Regis dives on output cut. AMA tanks on downgrade. Lake in key Kachi milestone. ACCC extends Suncorp-ANZ probe.
Transurban axes $13.7bn project amid climate, political woes
Transurban has junked its much-hyped express lanes project, blaming delays to environmental approvals and lawsuits plus a ‘changing political landscape’.
ASX tumbles 2.3pc, worst day since September
Heavy selling of major banks sends shares to their fifth straight weekly fall. Virgin IPO tour launches, Booktopia hit with $6m fine. Fortescue cuts 200 jobs. ANZ fined.
Maxsted takes chairman role at UBS Australasia
The investment bank has named former KMPG partner and Transurban chairman, Lindsay Maxsted, as its new Australasia chairman.
Joyce flying high on capitalism
When it comes to exploiting market dominance no one comes close to Qantas chief Alan Joyce.
Why Transurban was ahead of the competition
Transurban’s Scott Charlton exercised his monopoly power better than anyone and underlined the incompetence competition policy.
Respect shows for the ‘King of the roads’
The tributes have come quickly for infrastructure titan Scott Charlton, who has announced his resignation from Transurban.
The ‘single focus’ driving Transurban’s chief
The looming exit of Scott Charlton, who has turned Transurban into a global toll road power, shouldn’t mean it will be left at the crossroads.
Transurban boss’s parting warning on infrastructure
Labour and materials shortages pose the greatest risks to Australia’s $647bn infrastructure pipeline, says outgoing Transurban chief Scott Charlton.
ASX drops after rate hike; ANZ ups mortgage rates
ASX 200 falls the most in five weeks after the RBA lifted rates to 3.35 per cent. Retail and real estate stocks come under the greatest pressure. Star faces further class action.
Why Transurban will always be a step ahead of inflation
Loathed by motorists and loved by investors, this year’s toll hikes hurt more than ever. But is Transurban set to face speed limits on its growth?
Transurban boss shows his faith
Transurban CEO Scott Charlton has wasted no time accumulating more shares in the toll road operator following the release of record daily traffic numbers during the September quarter.
Toll roads can be recession-proof, says Transurban CEO
Transurban boss Scott Charlton says it can withstand severe economic downturns with his average customer spending less than $7 a week on tolls, only a small part of the household budget.
ASX drops 1pc on tech; Woodside soars on upgrade
ASX ends lower on falls led by tech and miners. Woodside rockets on guidance upgrade, iron ore outlook gloomy, New Acland stage 3 gets water licence and McGrath downgrades earnings.
AGMs will become mini reporting season, Macquarie says
The investment bank has nominated its top picks for an annual meeting jump – although it says stocks tend to underperform in the weeks after the shareholder vote.
Outlook, second strikes in focus for AGM season
Investors will be watching for any sign of deteriorating earnings guidance, while IAG, Whitehaven and Transurban are among those facing the prospect of a second strike and board spill.
Higher costs take toll as Charlton reinvests for growth
Thursday was a reality check for Transurban investors expecting some good news as toll roads return to post-pandemic normal.
Transurban disappoints with guidance
The roll road operator said traffic flows on its network exceeded pre-pandemic levels in recent months, but its dividends guidance was lower than expected – sending shares down.
Original URL: https://www.theaustralian.com.au/topics/transurban/page/2