ASX Announcements
Market Sensitive
Boral Upgrades FY24 Earnings Guidance
Profit Guidance, Progress Report
- Nov 13, 2023
- 1 page
Market Sensitive
2023 AGM Addresses and Presentation Slides
Company Presentation, Chairman's Address to Shareholders
- Oct 26, 2023
- 11 pages
Corrections to the 2023 Notice of Annual General Meeting
Notice of Annual General Meeting, Alteration to Notice of Meeting, Letter to Shareholders
- Oct 11, 2023
- 14 pages
Yesterday
- Opinion
- Chanticleer
The good, bad and ugly of business in 2023
Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.
- Updated
- James Thomson
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
Boral adds $2b in value as Kerry Stokes finds right CEO
Vik Bansal has given local managers more decision-making powers and greater accountability for delivering profits and cost-cutting.
- Simon Evans
November
Can concrete be environmentally friendly? The Wagners think so
The wealthy Queensland family is backing lower-carbon alternatives, but finding it difficult to pick up customers. Rivals are watching with interest.
- Ben Potter
October
Boral survives strike threat, inflation persists
The cement and asphalt maker says it continues to deal with cost pressures, and it wants a level playing field to compete with Asian rivals.
- Simon Evans
Union backs Boral in emissions bunfight
The AWU warns against investment funds “hounding” companies on emissions targets to the point where industry is at risk.
- Simon Evans
- Exclusive
- Construction
Greenwash clash as funds hit Boral board over lowered carbon targets
A group of funds led by HESTA and AMP are demanding Boral reinstate its 2030 emissions reduction target. Boral says that would be akin to greenwashing.
- Hannah Wootton
Industry hit by faltering energy transition
Boral is having to regularly wind back production when power prices spike, showing the toll that Australia’s stumbling energy transition is taking on manufacturing.
- Peter Ker and Angela Macdonald-Smith
- Opinion
- Energy & Climate Summit
The energy transition is gridlocked, regulators have no answers
It’s crunch time for the switch to renewables and regulators are pleading with business to invest more and quickly. But progress is stalling.
- Jennifer Hewett
- Opinion
- Chanticleer
The startling reason Boral is stopping production almost every day
Vik Bansal, chief executive of the building products giant, has provided a reality check on how the energy transition is actually rolling out for the Australian industry.
- James Thomson
September
Boral boss says cement imports increase carbon emissions
Vik Bansal says a carbon border adjustment mechanism – or tax – would be crucial to the cement industry’s viability.
- Ben Potter
Carbon border tax could expose BlueScope, Transurban
A carbon border adjustment tax would raise much more from the cement industry than the steel industry, and is a missed opportunity, according to UBS.
- Ben Potter
August
Profit season hits and misses | Property’s big problems | Is US inflation fight over?
In this week’s episode, James and Anthony pick through the hits and misses of reporting season, take a deep dive into the property sector, and look ahead to the Jackson Hole conference.
Stokes pushes to turn tide at Beach Energy
Beach Energy’s results are below Seven Group’s expectations, forcing a renewed focus on completing projects, chief executive Ryan Stokes says.
- Updated
- Brad Thompson
CBA exposes wealth gap | Bumper earnings season begins | The big data points to watch
In this week’s episode, James and Anthony examine the wealth generation gap exposed by the Commonwealth Bank, drill into earnings season, and reveal the big data point to watch next week.
- Opinion
- Chanticleer
Strong start to profit season may be fake news for economy
Early company results have cheered investors, but the big price rises that have driven earnings will be felt across the economy – eventually.
- James Thomson
Boral chief’s revamp eyes bigger margin prize
Boral shares are up almost 90 per cent since Vik Bansal took over the building products group. The company raised concrete prices by 12 per cent in the past year.
- Updated
- Simon Evans
- Opinion
- Chanticleer
Vik Bansal magic has Boral turnaround on track
The straight-talking CEO has overcome big cost increases to secure early wins at Boral. But can he keep it up?
- Anthony Macdonald
July
Sanjeev Gupta shuffles InfraBuild leadership, appoints new CEO
The Australian steel operations will be run by Francisco Irazusta, no stranger to Australasia after executive stints at Fletcher Building.
- Simon Evans
June
Inflation will stay high for a year, Boral CEO warns
Vik Bansal says sharp rises in interest rates which caused lower home building starts is flowing through to slower cement demand.
- Simon Evans
