Yesterday
A2, Bubs tipped to gain from US baby formula shortage
Bubs Australia is better placed over larger rival The a2 Milk Company to capitalise on the shortfall in baby formula in the United States after a contamination scare, according to Citi analyst Sam Teeger.
- Carrie LaFrenz
Incitec pivots to end explosives, fertilisers dream; UBS, Mac on board
While private capital swoopers threaten to make Australia’s equity market even more reliant on banks and miners, the growing list of demergers should help fill the large cap ranks.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
This Month
Sims buys $93m deepwater site for Qld metals plant
The scrap metal group, positioning itself as a player in decarbonisation, is eyeing a processing plant in Brisbane’s port precinct.
- Simon Evans
BlueScope’s US profit powerhouse revs faster
The steelmaker makes more than half its profits in the US, but in Australia floods and transport disruptions are causing minor hiccups.
- Simon Evans
a2 Milk CFO resigns after 2.5 years
David Muscat has been tapped as the baby formula group new CFO after Race Strauss resigned two and-a-half years into the job.
- Carrie LaFrenz
- Opinion
- Chanticleer
Classic PE pitch could end Brambles’ lost decade
Brambles has disappointed investors for a decade, and many shareholders will see a potential takeover from CVC as a chance to finally extract some value.
- Updated
- James Thomson
CVC Capital Partners in $20b bid to get Australia’s Brambles
The global private equity powerhouse wants to re-land in Australian capital markets with a splash.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Aussie weatherboard maker Weathertex hits the market
The NSW-based Weathertex, an 80-year-old company, has called in the bankers to test potential buyer appetite.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Shares in Orica ignite as half-year results hint at turnaround
Hinting that the company has turned a corner, Orica says sales revenue for the six-month period totalled $3.3 billion – up 25 per cent from 2021.
- Colin Packham
Sanjeev Gupta fights to prop up GFG Alliance in legal battles
The metals tycoon has appeared in a court in Belgium as a London judge began a preliminary hearing into a winding-up petition.
- Sylvia Pfeifer and Owen Walker
DGL’s Simon Henry makes a boob of himself
Who knew the most arresting of chemical company DGL’s sludge would come straight out of the CEO’s own mouth.
- Myriam Robin and Michael Roddan
Cement groups need tech breakthrough for big emissions cuts
Adbri, Australia’s largest cement group, aims to steadily reduce emissions in its core businesses, but all players need a big bang solution.
- Simon Evans
April
Plumbing supplies group Reliance Worldwide lifts prices 10pc
Renovators already facing lengthy delays in finding tradies have another reason to worry, with the cost of plumbing hardware jumping.
- Simon Evans
Brambles hiring for Costco foray
The market may be hanging on Brambles’ investment decision, but the company isn’t waiting.
- Joe Aston
UK fraud agency intensifies inquiry into Sanjeev Gupta’s GFG Alliance
The Serious Fraud Office is requesting documents and interviewing staff as part of a continuing criminal investigation.
- Kate Beioley and Sylvia Pfeifer
French police raid Gupta’s GFG offices in Paris
Officials last week accessed documents and files that Sanjeev Gupta’s GFG Alliance had kept, the billionaire’s company said in a statement.
- Hugo Miller, Eddie Spence and Irene García Pérez
Ansell to halt production at Russian factory in June
The $3b medical glove maker opened a new factory in western Russia in mid-2021, and is suspending production indefinitely in June.
- Updated
- Simon Evans
The Aussie high school dropout building boats for the US military
Winning a share of $US2.4 billion in army contracts has not been easy for Jamie Bruce, a high school dropout who played hooker for the Port Macquarie Sharks.
- Matthew Cranston
- Investigation
- Investment banking
Inside the falling out between the rock-star banker and eco-warrior
Kathmandu founder Jan Cameron and her adviser, Jon Adgemis, were one of Australia’s oddest friendships. After a decade, they had a vicious falling out. Why?
- Carrie LaFrenz and Max Mason
R.M.Williams’ iconic boot may be made from plants after Forrest move
Andrew Forrest has invested in a US plant-based textile manufacturer, opening the door to potential use by its iconic bootmaking business R.M.Williams.
- Michael Bennet
