Incitec Pivot’s net profit after tax has slumped 68 per cent for the year ending September 30, with the company citing resources and fertiliser price slumps.
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Posco among four bidders for Arrium as process heads into final stage
The second and final stage of bidding for Arrium Australia has seen the field narrowed to four, including South Korean steelmaker Posco through its venture capital arm.
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All a misunderstanding? Posco contradicts Hunt, says it’s not bidding for Arrium
Posco has directly contradicted industry minister Greg Hunt, who made a statement yesterday saying
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Moly-Cop sold to private equity firm for $1.6 billion: report
American Industrial Partners has reportedly purchased Arrium’s Moly-Cop grinding media business for $US1.23 billion (about $1.6 billion) according to a report this morning.
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CSR to take full ownership of brick JV with Boral
CSR has announced this morning that it has agreed to buy Boral’s 40 per cent stake in their joint venture, the east coast brick and paver business trading as PGH Bricks & Pavers.
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Arrium may have traded while insolvent, suggests report
Creditors have been told by Arrium administrators KordaMentha that the company should be sold to the highest bidder, rather than liquidated, and that the group may have traded while insolvent prior to its April collapse.
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Tesla achieves first quarterly profit since 2013
Tesla has posted its first quarterly profit in eight quarters, also beating its best performance in deliveries.
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Former Tata British Steel suitor emerges as Arrium bidder
Britain’s wealthy Gupta family is reportedly interested in Arrium’s steel and iron assets.
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Executive’s short-term outlooks the real killer of Australian innovation
Malcolm Turnbull’s Innovation Agenda focused attention on startups and technology-driven innovation, but this is not enough to overcome the broader problems inhibiting innovation in Australia. Businesses may be looking to the government to ease red tape as a means to increase innovation but what’s really blocking innovation is the short-term view of senior executives, our research finds.
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Cochlear boss says tax incentive cuts could send R&D overseas
Cochlear’s chairman Rick Holliday-Smith has said federal savings measures targeting R&D tax incentives could see the company move research activities a out of Australia.
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Tesla announces deal with Panasonic for solar cell manufacture
Tesla has announced an expansion of its collaboration with Panasonic Corp, with a letter of intent for production of photovoltaic cells and modules at Buffalo, New York.
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Orora plans further US acquisitions
Orora’s annual general meeting heard that the company expects to continue growth through acquisitions, and that first-quarter results were beating expectations, despite “subdued” conditions in its major markets.
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Arrium steelworks to get back to full production tomorrow
Full production is expected to return at Arrium’s Whyalla steelworks tomorrow, following the September 28 South Australian blackout.
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Arrium sales process on track, bids coming through: administrator
Arrium’s administrators have received about 20 expressions of interest, with non-binding offers coming through over this month and final bids due in December for the collapsed iron ore and steel company.
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Are you claiming your R&D?
Don’t miss out: it’s now easier to claim Research and Development (R&D) activities than ever before, as Alan Johnson reports.
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Field of potential Moly-Cop buyers narrows
According to a report today, there is about half a dozen parties currently interested in Moly-Cop, and whether the grinding media business is bought or floated is expected to be known in October.
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Arrium to make first steel for Tarcoola rail project today
The first batch of steel to be used to upgrade the fast-tracked Adelaide-Tarcoola rail line upgrade will be produced at Arrium’s Whyalla steelworks today.
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Analysts selling off Moly-Cop to visit site this week
A group of research analysts will attend briefings at Moly-Cop’s Waratah headquarters, as they prepare to write pre-marketing reports and efforts to sell the grinding media business step up.
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Pact acquires APM, continues buying spree
The country's biggest plastic packaging manufacturer, Pact Group, has announced that it will acquire Australian Pharmaceutical Manufacturers for $90 million, continuing the company’s aggressive goal of building its revenues to $5 billion through acquisitions.
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More losses for Joy Global in latest quarterly results
Joy Global has released their third quarter results for this year, signalling a plummet in sales compared to 2015.
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