After another year of remarkable volatility caused by the unpredictable news flow coming out of the European debt crisis, Australian investors have every reason to be sitting on their hands. So who did capitalise?
Bluescope Steel
Bluescope: this isn’t a company, it’s a black hole
Just days after its AGM, BlueScope has gone out fundraising — despite getting access to hundreds of millions in taxpayer assistance.
Two strikes rule makes for a most interesting AGM season
The problem when it comes to executive remuneration, explains Margot Saville in her account of Friday’s Leighton Holdings AGM today, is that we’re suffering from Lizard Brain.
Fairfax, BlueScope and Gunns should have declared much bigger losses
The biggest week of the annual reporting season is drawing to a close and some companies are hacking into their balance sheets like the GFC days.
Power Shots: Not-so-powerful Arbib … BlueScope’s bad timing … Katter on bro’s stand …
Not so long ago Mark Arbib was Australia’s No. 1 political powerbroker. Paul Barry looks into why he comes in at number three. Also, fixing legend John Faulkner, bad bonus timing at BlueScope and Bob Katter responds to his brother’s stand on gay marriage.
How OneSteel stole the march on BlueScope
The contrast between the business strategies of the noisy, very political BlueScope and its smaller, quieter and better-run rival, OneSteel (the other half of the old BHP Steel), are illuminating.
Steel trading has resonance with a Howard-era scandal
The Government should learn from its predecessor and call in the ANAO to review the handling of its steel package.
Steel industry nabs $60,000 of taxpayer money per job
Under the cover of the carbon pricing scheme, Labor has reverted to old-fashioned protectionism with massive handouts to the steel industry.
Graham Kraehe’s definition of consultation
Our biggest carbon polluters are small employers who wildly overstate the impact of a carbon price.
Steel yourself for another round of rentseeking
Here we go again — trade-exposed industries have begun the ambit claims about the impact of a carbon price.
Where’s the warning for investors from the big polluters?
Some of Australia’s biggest polluters continue to say one thing in public about the CPRS and tell their shareholders another.
Seven years on, $15m spent: the cost of a personal injury case
The case Dr Angus Mackinnon brought against BlueScope is probably the longest and most expensive personal injury litigation in NSW’s living memory, says Richard Ackland. And it goes on.
Companies must justify their ETS whingeing
The hypocrisy — or, more accurately, blatant dishonesty — of some of our biggest polluters is on the public record. Roll up Boral, Bluescope Steel, Caltex, Rio Tinto, Woodside and Xstrata.
Morning Market Report: ASIC remove the shortening ban on financials
ASIC have ended the shortening ban early, while the market and the Dow are down.
Morning Market Report: A strong day in the market
Most sectors were up today, with the market up 82 and Dow up 101.
BlueScope steels itself for a capital crunch
Australia’s biggest steelmaker has surprised the market with a massive $2 billion plus fund raising.
Morning Market Report: Dow up 214
A four month high for the Dow as all sectors are up.
Steelmakers brace for inferno ahead
The Australian and world steel industries are struggling as demand continues to weaken.
SackWatch: The firings keep coming as job ads fall by 45%
Since Crikey published its sixth SackWatch update last week, the tips box has again been running rampant with fresh tales of shoulder-tapping in businesses across the nation, reports Andrew Crook.
A sad, profitable farewell for monopoly-busting Smorgon Steel
There was a tinge of sadness at the Smorgon Steel shareholders meeting in Melbourne this morning when the company that famously took on BHP’s steel monopoly in 1981 voted to be carved up by the Big Australian’s two steel offshoots.
