Downer Looks to Reshape with $400m Raising
Downer Group has today launched a $400m equity raising on the back of a $156m full year net loss. Like moving pieces on a chess-board, the company will book a...
Category: Economy / Trends
Woodside to Shelve the Shelf
There are reports today that Woodside will postpone making any decisions relating to its $47Bn development pipeline in the NorthWest given uncertainty around oil and gas prices. The energy major...
SA Capital Intentions 2020
What’s on the cards for SA investment? 1. Completion of the North-South road corridor through metropolitan Adelaide 2. A grain/minerals port on Eyre Peninsula 3. The GlobeLink upgrade of major...
Engineers Australia Release 9-point plan
1. Keep the focus on infrastructure projects Shovel-ready projects are a priority because construction is a labour-intensive sector that, if prioritised, can ameliorate the severe drop in consumer demand caused...
Master Builders cool on future of industry…
The commercial construction sector is facing a devastating downturn due to the impact of COVID-19 unless governments act to provide stimulus. Denita Wawn, CEO of Master Builders Australia said, “Commercial...
CIMIC Results
CIMIC Group has announced a remarkably unremarkable set of results with 1Q NPAT of $166m on Revenue of $3.3Bn. Revenues were largely stable compared with $3.4Bn in 1Q19. Despite the...
As the virus freeze begins to thaw, ‘Winter is Coming’ for construction
After weathering the coronavirus storm relatively well, avoiding the most severe industry restrictions, the short-term future of construction is starting to look bleak. Following a 5.3% fall in construction industry...
What does the future hold for construction in a Covid19 world?
The construction industry is bracing for what the future may hold as social restrictions expand in the effort to fight the coronavirus spread. In the early days of the virus...
Woodside shelves expansions on Covid19 and oil price
Energy major Woodside has announced that it has deferred up to $50Bn in in expansion plans amid the market turmoil. Key projects put on ice include the $17Bn Scarborough and...
Gas to flow in Victoria from 2021
The Victorian State Government today announced that it will roll-back bans on onshore gas exploration from 2021 angering some environmental groups. The ban on fracking and Coal Seam Gas (CSG)...