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.
Transurban
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.
Toll roads traffic spike as Aussies rush to airports
The toll road to Brisbane’s airport saw a 42 per cent spike in traffic ahead of the Easter long weekend and a 20 per cent jump in Sydney.
Transurban’s pandemic traffic flow woes continue
The loss-making toll road giant’s traffic volumes remain low as Omicron rules hit return-to-work plans, but long term trends ‘favour more kilometres’.
Treasurer blames Transurban for contract he signed
Tim Pallas says ‘underbid’ is responsible for $2bn West Gate Tunnel blowout amid pressure for his resignation and an inquiry.
ASX up, led by miners; Afterpay dives 7.6%
ASX closers higher on mining and energy; Afterpay dives 7.6 per cent as courts approve sale, Magellan in trading halt over contract ‘termination’ and Sydney Airport acquisition vote set.
ASX closes down 1.4% as bond-linked stocks hit
The ASX has been dragged down 1.4 per cent by rising bond yields. Banks fell amid a $1.5bn capital raising by Macquarie. Bond yields rose as the RBA stayed out.
Narrow escape for Coolabah’s Joye
What was really the driving force behind investor and columnist Christopher Joye’s NSW campaign?
What’s next for NSW after WestConnex sale?
NSW has reaped more than $20bn from the sale of WestConnex to Transurban and its backers. More asset sales are expected to be on the agenda.
Transurban faces more West Gate Tunnel pain
The toll road giant is hit with more major cost blowouts on the troubled West Gate project due to ongoing tunnelling delays.
Why Transurban is in the fast lane
The WestConnex deal is set to be transformational for the toll road operator.
ACCC hits out at $11bn NSW toll road deal
The decision by the NSW government to award control of Sydney motorway WestConnex to incumbent Transurban for $11bn has been criticised by the competition regulator.
ASX drops 2.1%, miners hit as iron ore prices tumble
Stocks were heavily sold off, finishing 2.1 per cent lower. Investors dumped mining stocks as iron ore futures fell more than 10 per cent. Transurban to raise $4.2bn for toll road deal. AusNet gets $9.6bn bid.
Transurban consortium wins WestConnex auction
A Transurban-led consortium has won the auction to buy a 49 per cent stake in the Sydney WestConnex motorway project.
Transurban poised to tap market
Transurban’s long-awaited $4bn-plus equity raising could be set to unfold as early as Wednesday as it comes closer to gaining full ownership of Sydney’s WestConnex.
NSW government to announce WestConnex winner Sept 17
The market remains in suspense to learn if Transurban wins the remaining 49 per cent stake in the Sydney motorway project WestConnex that it does not already own.
Transurban gets green light for $12.2bn US highway
Transurban gets green light to begin pre-development works on its $12.2bn Maryland express lanes project, despite climate change concerns.
Lockdowns put handbrake on Transurban
Significant cost overruns at Victoria’s West Gate Tunnel are threatening not only Transurban’s credit rating but also its reputation.
Union boss slams tunnel impasse
The boss of a union representing West Gate Tunnel workers has unleashed on the Andrews government, Transurban and the project’s building consortium for its ‘monumental mishandling’.
Transurban’s tentacles are around 14m Aussie wallets
Transurban is the downunder version of a Giant Vampire Squid, wrapping its tentacles around the wallets of the 14m citizens of Melbourne, Sydney and Brisbane.
Transurban in slow lane as state lockdowns bite
Lockdowns are emptying key roads and costing Transurban $33m a week, but it’s confident traffic will rebound quickly when they end.
ASX ends flat as miners fall
ASX 200 ended steady as gold miners fell. Suncorp hit 18-month high. Transurban reports record profit. Brickworks warns on lockdown cuts. Westpac sells Aust life insurance business.
Transurban’s Charlton a master of the monopoly
Scott Charlton masterfully helps governments cover up their own toll road planning blunders in exchange for ongoing monopoly rents.
Inquiry could bring relief on Sydney tolls
Transurban chief executive Scott Charlton thinks he can do something about the high price on Sydney’s toll roads and keep his shareholders happy at the same time.
AusSuper’s $1bn Covid capital boost
Mega-fund Australian Super says it has provided close to $1bn in capital to Australian since Covid arrived, saving them a fortune on fees in the process.
Peak hour is back: Transurban
Transurban believes dire predictions of a work-from-home hit to business have been exaggerated as traffic levels return to pre-pandemic levels across its toll-road network.
Transurban on the road again as traffic returns
Toll road operator Transurban figures show the daily commute has returned to pre-COVID levels for many Australians.
Minister throws mud at toll road giant
Victorian Transport Infrastructure Minister Jacinta Allan has accused Transurban of having ‘failed on their commitment to the Victorian community’.
Transurban loss follows Covid hit to tolls
Transurban has plunged to a $448m half-year loss after the pandemic caused a sharp fall in traffic on its road network.
Original URL: https://www.theaustralian.com.au/topics/transurban/page/3