Downer EDI Ltd

The Australian construction and materials sector is at an interesting crossroads. On one side, public investment is booming; on the other, private building activity is stumbling. Understanding this split is key to making sense of why some companies are thriving while others are struggling. Overall, the Australian construction market is projected to grow at a […]

Downer EDI’s (ASX: DOW) Michael Ferguson is the latest head to roll following the company’s historical revenue misreporting scandal and a “very challenging” half year (H1 FY2023) performance. Mr Ferguson revealed he had resigned from the chief financial officer position on Wednesday and would assist the company with his replacement’s transition over the next six […]

Australia’s competition watchdog has won its fight against the nation’s biggest steel maker BlueScope Steel (ASX: BSL) over price fixing concerns that date back to around a decade ago. On Friday, Federal Court Justice Michael O’Bryan ruled in favour of the Australian Competition and Consumer Commission (ACCC), which brought civil proceedings against BlueScope and former […]

At a time of bumper dividend payouts from the likes of Rio Tinto (ASX: RIO) and – presumably – BHP (ASX: BHP), most investors seeking a resources exposure would be happy to invest directly in the major producers. Of course, the history of resources is also about endless boom-and-bust cycles – and if history doesn’t […]