‘We need to keep cities moving’
Transurban boss Scott Charlton has called on public and private sector employers to develop a co-ordinated approach to flexible working.
Transurban boss Scott Charlton has called on public and private sector employers to develop a co-ordinated approach to flexible working.
Shane Buggle has stepped into the role of acting chief financial officer at ANZ Bank after Michelle Jablko’s resignation to take up the same job at Transurban.
At least one party in addition to Transurban and its backers is understood to be interested in Sydney’s WestConnex.
The former investment banker is expected to become a potential successor to Transurban boss Scott Charlton.
Infrastructure manager IFM Investors is believed to be entering the contest for up to 49 per cent in Sydney’s WestConnex roading project.
Transurban has sold a 50pc stake in its US highways for $2.8bn to Australian and Canadian superannuation investors.
Transurban will consider selling minority interests in its three US roads to strengthen its balance sheet and give it the option to invest more in Australia.
The extension of Victoria’s lockdown weighed on Transurban, but did little to hamper recovery in the major banks, while the newest BNPL stock jumped 45pc.
Restricted population movement, declining immigration and the lure of ‘growth’ stocks spell trouble for a long favoured sector.
Pay levels at some of the nation’s biggest companies are falling as corporate earnings succumb to the pandemic.
The ASX bounced from daily lows to finish down 0.1pc, as Commonwealth Bank, Seek and Transurban felt the sting of results disappointment.
One of Australia’s biggest road builders and toll providers Transurban says coronavirus has severely affected its operations, with a big drop traffic.
Transurban has sunk to a $153m annual loss after vehicles stayed off roads in lockdown, and as it warned of more volatility ahead.
Transurban chief challenges doomsday predictions about the working-from-home revolution.
Transurban and partners QIC and Canada’s CPPIB have lobbed an unsolicited proposal to the NSW government to widen its busiest road.
Australia’s largest toll operator is under pressure to reverse price hikes, as it stands accused of making an ‘unforgivable’ decision.
Original URL: https://www.theaustralian.com.au/topics/transurban/page/4