ASX Announcements
Aurizon Network Weighted Average Cost of Capital Update
Periodic Reports - Other, Progress Report
- Oct 19, 2023
- 2 pages
This Month
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
October
Pacific National takes $59m annual loss, discloses tax office audit
The rail freight group, chaired by Catherine Livingstone since March, has blamed floods and industrial action for the loss as annual earnings slid 11 per cent.
- Jenny Wiggins
September
Why the CEO of this $7b business wants execs to speak up in meetings
People who sit in meetings and disagree with everyone else, but leave without speaking up, are failing to act with integrity, says Aurizon CEO Andrew Harding.
- Jenny Wiggins
Chinese steel giant wants out of Queensland after $300m settlement
China’s Baowu will try to sell its remaining Queensland coal assets after closing a disastrous contract that forced it to pay for unused port capacity
- Peter Ker
August
- Opinion
- Chanticleer
What we learnt from Monday’s earnings
Our columnists James Thomson and Anthony Macdonald take a deep dive into key profit results: JB Hi-Fi, GPT Group, Bendigo & Adelaide Bank, Aurizon, and Lendlease.
- Updated
- James Thomson and Anthony Macdonald
Aurizon looks forward to 2024 after annual profits slide 46pc
Aurizon’s bulk haulage income from its $2.35 billion One Rail Australia acquisition has fallen short of targets, contributing to a 46 per cent drop in annual net profit.
- Jenny Wiggins
Big Super is putting together a plan to get into (big) freight
A $400 million freight hub on the outskirts of Melbourne aims to steal market share as retirement funds capitalise on government spending on rail networks.
- Jenny Wiggins
July
Can Aurizon revive a 40-year-old rail line in central Australia?
The group has a grand vision of moving freight from Darwin to Melbourne on trains instead of ships. Importers don’t know if the plan will make financial sense.
- Jenny Wiggins
- Opinion
- Chanticleer
Aurizon dusts off 20-year-old ‘tick’s testicles’ dream
Aurizon is talking about “land-bridging” goods from the Port of Darwin to the rest of Australia. Chris Corrigan blasted the idea 20 years ago; he was right.
- Anthony Macdonald
Aurizon wants to carve seven days off freight trip from Shanghai
The rail freight company warned profits would come in at the lower end of forecasts, which had already been downgraded. Its shares fell 5 per cent.
- Kylar Loussikian
- Opinion
- Chanticleer
How Aurizon plans to cut 90pc of its carbon emissions
Aurizon boss Andrew Harding is seeking to change the way it carts coal, grain, iron ore and other bulk freight around the country.
- Anthony Macdonald
June
Inside Allegro: the private equity firm unafraid of complexity
The turnaround specialist has amassed $4b in assets under management, and its investment strategy should ramp up as more businesses come under economic duress.
- Aaron Weinman
March
- Exclusive
- Carbon challenge
Labor’s carbon plan means more trucks: rail bosses
The country’s largest freight companies will pay millions of dollars for carbon credits under the mechanism, although it will spare most trucking operators.
- Simon Evans
This value investor thinks AGL is a bargain
The path to AGL Energy doing a share buyback is not so improbable if Merlon’s Neil Margolis is right about the future of its $20 billion transformation.
- Vesna Poljak
- Opinion
- Earnings season
The true winners and losers from reporting season
These companies showed the biggest improvement – or deterioration – relative to their peers.
- Elio D'Amato
Thanks to BHP, this Noosa coal salesman is worth $450m
Matt Latimore is using Indonesian capital to build an integrated coal company based on two former BHP mines.
- Aaron Patrick
February
Aurizon signs ‘biggest non-coal revenue contract ever’
The rail company’s $1.8 billion Team Global Express deal will help it diversify earnings, but analysts say it could impact profit margins.
- Jenny Wiggins
Aurizon shares slide as rail business hit by rain
Rail group’s CEO Andrew Harding has blamed La Nina for a cut to full-year earnings guidance and the halving of interim net profits to $130 million.
- Updated
- Jenny Wiggins
January
Virgin poaches from Aurizon for investor relations
Virgin Australia’s wasting no time getting its team sorted for life on the listed markets.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Freight transport on slow track to net zero
Australia’s biggest rail and trucking companies are trying to shift to renewable power, but it looks like a very long journey to cut emissions.
- Jenny Wiggins
