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’.
Transurban
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.
ASX lower; Xero, Blackmores, Transurban drag
ASX ends winning streak as Blackmores dives on results. MACA rejects NRW bid, IPH surges on Canadian play, Solomon Lew pushes for Myer seat and Xero dives on results.
The three-day crisis board meeting Transurban had to have
For the first time, Transurban’s Lindsay Maxsted and Scott Charlton speak about the March 2020 meeting that could have blown up the company’s business model.
Rising rates won’t slow toll road traffic
The latest weekly data shows Transurban’s Australian toll roads are recovering from the pandemic and CEO Scott Charlton says a rate hike won’t slow the traffic.
Original URL: https://www.theaustralian.com.au/topics/transurban/page/3