Downer EDI Ltd
ASX Earnings Season Growth Leaders: From ABB to MAH, VNT and more
RBA lifts rates to 3.85% as easy money ends; ASX growth names ABB, MAH, VNT lead with pricing power and stronger cash flow.
Australian Construction and Materials Sector at a Pivotal Moment: Public Spending Up, Private Activity Slowing
The Australian construction and materials sector is at an interesting crossroads. On one side, public investment is booming; on the other, private building activity is stumbling. Understanding this split is key to making sense of why some companies are thriving while others are struggling. Overall, the Australian construction market is projected to grow at a […]
Downer CFO quits, CBA and NAB raise rates ahead of RBA decision and Aussie Broadband celebrates record half year
Downer EDI’s (ASX: DOW) Michael Ferguson is the latest head to roll following the company’s historical revenue misreporting scandal and a “very challenging” half year (H1 FY2023) performance. Mr Ferguson revealed he had resigned from the chief financial officer position on Wednesday and would assist the company with his replacement’s transition over the next six […]
ACCC wins fight against BlueScope, Star Entertainment slapped with fines and Bellevue Gold raises $70m
Australia’s competition watchdog has won its fight against the nation’s biggest steel maker BlueScope Steel (ASX: BSL) over price fixing concerns that date back to around a decade ago. On Friday, Federal Court Justice Michael O’Bryan ruled in favour of the Australian Competition and Consumer Commission (ACCC), which brought civil proceedings against BlueScope and former […]