This Month
- Opinion
- Chanticleer
This ASX giant is primed for a Trump bump. Australia is already losing
In the last few years, Orica, an $8.6 billion company, has invested $2 billion in the US that should have been spent in Australia. Could that capital flight get worse?
- James Thomson
Orica profit jumps on demand for explosive technology
The chemicals and explosives maker boosted its margins by selling digital blasting technologies and premium products to miners.
- Mark Wembridge
Sanjeev Gupta strikes deal to stay afloat. For the fifth time
The embattled industrialist and Whyalla steelworks owner has offered his creditors yet another term sheet – one he says is necessary to save his UK operation.
- Hans van Leeuwen
Incitec Pivot unwinds fertiliser business as write-offs spike to $1b
The company’s new chief executive, Mauro Neves, says he wants to offload the division by the end of next year. And he expects strong economic growth in the US.
- Simon Evans
Pratt announces move to the US
One of Australia’s richest men is a member of Donald Trump’s private Florida club, Mar-a-Lago, and has previously voiced admiration for the US president-elect.
- Primrose Riordan
Waste Services Group narrows to two-horse race; final bids loom
US private capital juggernaut The Carlyle Group and Pacific Equity Partners’ buyout team are both through to the final binding bidding stage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Five founders keeping the faith with investors
Corporate Australia has recently experienced a founder “killing season”, but these founder-led companies are still keeping shareholders happy.
Gupta ‘has reached the end of the road’ on $300m debt, court told
San Francisco investment giant White Oak Global Advisors has given the Whyalla steelworks owner 10 weeks to reach a settlement. He says he’s confident he can.
- Updated
- Hans van Leeuwen
The two different worlds of Sanjeev Gupta
This week on The Fin podcast, Simon Evans and Myriam Robin on Sanjeev Gupta’s flashy property purchase, his financial troubles and the SA town caught in the middle.
IPF spreads a little wisdom to keep farmers in fertiliser
Incitec Pivot Fertilisers has won the Established Business to Business category in The Australian Financial Review Customer Champions list 2024.
- Alexandra Cain
CRH’s move on Civilmart secures $400m payday for investors
The Irish giant’s acquisition of CPE Capital’s Civilmart was far from a tiny bolt-on.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CPE Capital snags $200m Perth meat business
CPE is still in talks with sell-side adviser PwC, sources said. However, the deal is expected to be signed “imminently”.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto wants tax credits for aluminium smelters
The mining giant has urged the Albanese government to use taxpayers’ funds to help local aluminium smelters pivot to clean energy.
- Peter Ker
Is it third time lucky for this little-known manufacturing billionaire?
Vikas Rambal is thinking big. After trying his hand at two fertiliser plants in Western Australia, the businessman is plotting his largest project yet.
- Updated
- Jennifer Hewett
October
Whyalla steelworks boss exits in Sanjeev Gupta shake-up
A former Fortescue Metals executive who ran the plant for two years is departing as the British industrialist sets up an urgent “Back to Black” taskforce to try to stem losses.
- Simon Evans
- Exclusive
- Manufacturing
Gupta’s InfraBuild slumps to loss as it props up ailing empire
Confidential documents show the company, which traces its roots back to BHP’s steel empire, won’t collect $6 million that it had loaned the British businessman.
- Simon Evans
BlueScope slashes profit outlook, warns of surging Chinese exports
The country’s largest steelmaker says it has been forced to cut prices as Chinese producers manage excess capacity and grapple with a slowing domestic economy.
- Simon Evans
Aurizon suspends Sanjeev Gupta’s iron ore rail service
Unpaid bills have forced the freight transportation provider to temporarily cut off the embattled Whyalla steelworks owner.
- Simon Evans
Sanjeev Gupta steps up cost-cutting at iron ore mines
A contracting business owned by the $1.7b ASX-listed NRW Holdings is squeezed as the UK industrialist scrambles to make savings to keep his empire afloat.
- Simon Evans
Whyalla steelworks running out of options as taxpayer rescue resisted
The SA premier says it’s time Sanjeev Gupta took some action, with governments wary of taxpayer funds being siphoned off to overseas parts of GFG Alliance.
- Simon Evans
