BlueScope Steel’s generous executive remuneration are the legacy of a management approach based on a share price strategy, but a business strategy.
OneSteel
I’m not a protectionist, but … more help for the steel industry
The government has rushed out another steel industry package, but at least it hasn’t succumb to the protectionist impulses within Labor ranks.
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.
Bartholomeusz: tougher times for a wary Westpac
While Westpac’s third quarter numbers were slightly disfigured by an unexpected blip in its impairment charges, there was nothing in the update that challenged the view that conditions for the major banks are getting tougher.
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.
Don’t let the facts get in the way
There’s further outrage as the government refuses to meet a major Australian manufacturer over the impact of the RSPT… or maybe not. The Oz is certainly in a tizz.
BlueScope steels itself for a capital crunch
Australia’s biggest steelmaker has surprised the market with a massive $2 billion plus fund raising.
Steelmakers brace for inferno ahead
The Australian and world steel industries are struggling as demand continues to weaken.
Morning Market Report: Resources damage market
The market took a hit from the resource sector, down 41 with BHP and RIO down 2.3% and 4.1% respectively.
Corporate carnage continues across Australia
The wheels are fast falling off some of Australia’s industrial success stories of the past decade.
Morning Market Report: Market up 53, Dow up 109
The Dow was up 121 at best, down 50 at worst. Financial stocks led the way at 5.6%
Morning Market Report: Market up 84, Dow down 25
The SFE Futures suggested a 63 point rise in the market this morning. Our market is up following a 220 point rise on Wall St since we closed on Thursday.
Sackings multiply as recession bites hard
The slight improvement in business confidence in the latest National Australia Bank survey belies Qantas’s decision to slash its workforce.
Morning market report
The market is up 30 at one point it was up 49. The SFE Futures suggested a 66 point rise in the market this morning. The Dow Jones closed up 100 points. Rio Tinto (RIO) yesterday announced a 14% fall in 1H07 profit to $US3.25bn ($4.1bn) registering their first fall in earnings in 4 years. […]
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.
