Brambles Ltd
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Brambles scraps Costco deal, Liontown inks deal with Ford and Commonwealth Bank hikes fixed mortgage rates
Brambles (ASX: BXB) has announced it has scrapped its investment and will not participate in the transition to plastic pallets in Costco’s United States supply chain. The Australian pooling solutions company developed an industry-leading plastic pallet which complied with US fire regulations and, together with Costco, came up with a more efficient operating model which […]
Rusal takes legal action against Rio Tinto, Santos meets resistance over gas project and Crown on verge of Sydney launch
Russian company Rusal has taken legal action against Rio Tinto (ASX: RIO) to take back access to its share of alumina produced under a joint venture at a Queensland refinery. Rio Tinto owns 80% of Queensland Alumina Limited (QAL) in Gladstone, and Rusal the other 20%. Rusal’s lawsuit challenges the wide-ranging sanctions the Australian Government […]
‘Twiggy’ Forrest returns to take Fortescue reins, Woolworths buys majority stake in MyDeal and rain hits Boral profits
Fortescue Metals Group (ASX: FMG) has announced its founder Dr Andrew “Twiggy” Forrest will step in as interim boss when outgoing chief executive officer Elizabeth Gaines concludes her tenure in August. The change comes as the mining giant attempts a mass shake-up of its leadership team. As executive chairman, the mining billionaire will once again […]