Yesterday
Incitec Pivot warns it could ‘walk away’ from $1.5b fertiliser deal
The company has been negotiating with Indonesia’s Pupuk Kaltim over the division, but told shareholders there were “complications” in the discussions.
- Simon Evans
How we overcooked the vegan business boom
Consumer tastes are changing – back to a weekly steak as more vegans understand the importance of protein – but have we really lost our appetite for fake meat?
- Eleanor Steafel
This Month
Irish cement giant’s bid partner Barro is both friend and foe
Raymond Barro, chairman of Adbri, says the Barro family-owned business of 20 concrete plants in Victoria and Queensland is excluded from the deal.
- Simon Evans
Irish giant CRH and Barro family in $2.1b bid for Adbri
The cement maker’s shares jump 33pc after the $3.20 a share proposal, as Victoria’s Barro family join forces with the NYSE-listed CRH.
- Simon Evans
Rinehart and Forrest set for battle of the billionaire boots
Gina Rinehart’s acquisition of Rossi Boots and its trademarks paves the way for her to produce Kidman-branded apparel, and compete with Andrew Forrest’s R.M. Williams.
- Brad Thompson
Hennessy bottle maker tips a no growth year
The newly acquired French spirit bottle maker will deliver flat earnings in 2023-24 because of soft demand, in a blow for Orora investors.
- Simon Evans
BHP executive the new boss at Incitec Pivot
Mauro Neves de Moraes ran coal and copper operations for the mining giant in Queensland and Chile. He was given the top job over an internal candidate.
- Updated
- Simon Evans
Raphael Geminder lobs higher offer in bid to take Pact Group private
The packaging company’s board has recommended shareholders accept the billionaire’s new proposal after previously urging them to reject a lower offer.
- Kylar Loussikian
Bottle maker Orora’s $2.2b French buy gives investors a hangover
Orora shares are off 24 per cent since its largest acquisition, but the company’s chief executive, Brian Lowe, says he will be proven right in time.
- Simon Evans
Forrest family leads Rich List plunge on packaging disrupter
Andrew and Nicola Forrest have led a star-studded fundraising for the start-up that hopes to replace polystyrene with a more sustainable insulation material.
- Peter Ker
Rich Lister returns to his rock’n’roll roots with $180m US deal
The microphone mogul behind Rode has ambitions to be the world’s biggest provider of pro audio gear, most of it made in Australia.
- Michael Bailey
November
Australia’s only naval shipbuilder reaches a fork in the road
There are plenty of big questions for Austal, and defence policy, as the likelihood of a private equity takeover increases and priorities shift to the US.
- Matthew Cranston
Lab-grown food may be the next great investment boom
It is no longer science fiction to envisage a day when half the world’s meat and dairy industry is displaced by food grown in vats.
- Ambrose Evans-Pritchard
Bubs Australia launches $28m raise; Bell Potter hired
Bubs had its broker, Bell Potter, launch a $28 million raising on Wednesday morning, split evenly across a placement and a share purchase plan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Manufacturing play Amaero launches raise
Amaero International, a small cap with advanced manufacturing ambitions, was rounding up investors for an $8 million placement via Alpine Capital on Friday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rich Lister shuts down questions on his own takeover bid
Pact Group, chaired by Raphael Geminder, suffered a heavy protest vote on its executive pay with a first strike recorded.
- Simon Evans
How ANZ helped the Oswals set up in a ‘$314m’ Swiss palace
Leaked documents reveal how much the bank paid to end its long court case with the high-profile couple, and how even the tax man was a winner.
- Liam Walsh
Profits tumble at Gupta’s InfraBuild in September quarter
InfraBuild, with a workforce of 4900 in Australia, says profits have more than halved in the three months to September 30 compared with a year ago.
- Simon Evans
Indonesian buyer hunts Incitec Pivot fertiliser bargain
The interim CEO of Incitec Pivot says a downturn in the fertiliser business does not mean it is the wrong time to sell it.
- Simon Evans
Hundreds of millions flow from InfraBuild to Gupta steel empire
The profitable Australian company is paying significant sums for shared service and corporate service agreements to the British industrialist’s broader group.
- Simon Evans
