Yesterday
Plenary CEO avoids conviction after guilty plea
Two charges related to resisting and assaulting police were withdrawn after David Lamming’s guilty plea was accepted by the local court.
- Max Mason and Zoe Samios
This Month
Allier, William Blair to shop $31m-a-year blasting biz BlastOne
Corporate advisers are early in the process but have begun reaching out to family offices and local and international private equity-types.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Sponsored
- Cocoon SDA Care
Improved wellbeing is a key impetus for ‘exceptional’ care and more disability housing
In the midst of an acute housing shortage, some of Australia’s most vulnerable people are feeling the impact, prompting private companies to step up to the challenge of providing specialist disability accommodation (SDA) with financial support from the government.
Sponsored
by Cocoon SDA Care
- Sponsored
- D-TAL Engineering
Making roads worthy gets tougher amid changing needs, extreme weather
Dan Talevski’s primary focus in his civil design business, D-TAL Engineering, is to provide solutions that align with the environments our roads inhabit and the needs of the people who use them. And, of course, that they are as safe and as forgiving as possible.
Sponsored
by D-TAL Engineering
- Sponsored
- F9 Project Services
Avoiding specialists to manage mega projects a likely ‘false economy’
During uncertain economic periods, the necessity to better manage risk is fostering a renewed collaboration with engineering, procurement and construction management (EPCM) specialists. This approach ensures that construction and engineering mega projects are delivered on time, within budget and according to specifications.
Sponsored
by F9 Project Services
Japanese suitor straps in for $3b North Queensland Airports auction
Japanese trading house Sojitz is trying to pull together a bidder consortium for the up-for-grabs Cairns and Mackay airports.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Singapore’s sovereign fund GIC acquires stake in Brisbane Airport
GIC has acquired about 5 per cent of Brisbane Airport at a time when it has posted record revenue and has a $5 billion spending plan over the next decade.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
Macquarie offers $1.4b in cash in fresh bid for Renewi
The asset manager said it has reached a preliminary agreement with the London-listed waste management company on a possible cash offer.
- Aaron Kirchfeld and Vinicy Chan
One of the few remaining building groups on the ASX hits the gas
Maas Group was founded by former Rabbitohs player Wes Maas two decades ago. With three acquisitions in one day, it is turbocharging its expansion plans.
- Simon Evans
- Opinion
- Chanticleer
IFM’s $110b man hunts for new growth 30 years after the ‘big bang’
IFM Investors’ infrastructure boss says Australia has led the world in building the asset class over three decades. Now he sees three areas of growth.
- James Thomson
IFM Investors throws another $24m at Atlas Arteria shares
The trade was done at $4.85 a share, and should take the company from 29.88 per cent of the register to just over 30 per cent.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worley narrowly dodges strike on remuneration report at AGM
The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.
- Jenny Wiggins
Mick Fanning’s next investment is a new wave resort
Fanning is an investor in a $300 million surf and golf resort with a wave pool. The three-time world champion hopes will be a place to learn and compete.
- Zoe Samios
IFM Investors’ stake in Atlas Arteria creeps up to 30pc
The infrastructure investor paid $4.96 per share – or a skinny 2.3 per cent premium to the on-market trading price – in a block trade handled by Jarden’s equities desk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Moody’s downgrades Macquarie’s UK water company to junk
The ratings agency said Southern Water’s poor performance made it especially vulnerable to political, regulatory and financial pressures on the wider sector.
- Hans van Leeuwen
Macquarie makes 50pc gain in $3b British airport sell-off
The asset manager was forced to sell off three UK airports as it winds down a closed-end fund. It joins a slew of recent transactions in the frothy sector.
- Hans van Leeuwen
Gupta owes $684,000 to suppliers in Sydney’s industrial heartland
An Australian business owned by one of India’s richest families is among those chasing payments, while Aurizon extends ban of iron ore transport at Whyalla.
- Simon Evans
‘Maybe we can use Zeppelins’: Australia’s missing infrastructure links
Solar panels and wind turbines crucial to Australia’s energy transition are piling up at a key port because the nation does not have the infrastructure to move them.
- Jenny Wiggins
‘We didn’t set the tolls’: Transurban pitches new pricing plan
Company boss Michelle Jablko says NSW can’t afford to build roads without private money and is looking at charging corridors according to congestion levels.
- Jenny Wiggins
- Opinion
- Chanticleer
Di Pilla’s bolt from the blue snatches biggest IPO of the year
Six months ago, no one saw this float coming. But at $1.65 billion, it is the largest raising for a new Australian company since 2018.
- Anthony Macdonald
- Opinion
- The AFR View
Inflation shadow falls over privatised infrastructure model
The political fallout from privatisation colliding with a temporary cost of living crisis could end up gumming up the pipeline of public works in the longer run.
- The AFR View
Australian Retirement Trust eyes stake in $16b CDC Data Centres
It comes two months after ART sold its 7 per cent stake in AirTrunk into the Blackstone bid, booking a $1 billion exit off a $300 million investment.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Infrastructure Summit
Transurban tolls hit NSW roadblock
Transurban and the NSW government are at loggerheads over how to reduce the long-term costs to taxpayers and motorists from Sydney’s sprawling toll road network.
- Jennifer Hewett
- Opinion
- Chanticleer
How toll road ‘beeps’ became Australian infrastructure’s hottest issue
Politics and business are colliding in Australian infrastructure. Do we really believe in miracle “win-win” scenarios?
- Anthony Macdonald
Road toll fight shows risk of contract changes a reality for investors
The threat of changes by the NSW government to toll-road concessions is a “reality” for asset owners, but it may erode confidence in Australian assets.
- Jonathan Shapiro
