Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Backers sue on toll-road forecast use

Adele Ferguson Institutional and retail investors will join a $700 million class action against traffic modelling forecaster AECOM.

Investors sue RiverCity firm

Adele Ferguson INSTITUTIONAL and retail investors will join a $700 million class action against the traffic modelling forecaster AECOM over allegations its forecasts for the tollroad operator RiverCity Motorways...

First Mover

RiverCity collapse may take a turn after class action

First mover

Adele Ferguson Two months after the collapse of listed toll road operator RiverCity Motorways, its traffic modelling forecaster Aecom faces a $700m class action.

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First Mover

Insurers brace for higher costs post-quake

Adele Ferguson Reinsurance costs may rise as much as half in the wake of Japan's devastating quake and tsunami - and that means insurance bills will follow.

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First Mover

Shareholders whine as Foster's split fees mount

Adele Ferguson Foster's shareholders will be hoping the company's split marks the end of certain legacies and the start of improved performance.

Adele Ferguson

Heavyweight Leighton on the way to being turned into a feather duster

test dinkus of Adele Ferguson for iPad

Adele Ferguson Yesterday's $1.1 billion write-down by Leighton, its $757 million capital raising and predicted $427 million loss for 2011, shows it should have gone deeper in its February write-downs.

Adele Ferguson

Detective novelists could learn a lesson on twists and turns as Leighton loses the plot

Adele Ferguson If there was any doubt that Leighton needed to go deeper in its write-downs in February, yesterday's $1.1 billion write-down, $757 million capital raising and loss of $427 million for 2011

First Mover

All change at Leighton as woes deepen

First mover

Adele Ferguson The fallout at Leighton Holdings and its major shareholder Hochtief continued today following a big capital raising, $1.1b in writedowns and a hefty full-year loss.

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Adele Ferguson

Leighton soap opera a sorry tale of corporate governance under a cloud

Adele Ferguson The soap opera at Leighton Holdings will continue to unfold today when the market digests whether write-downs of about $1 billion, hundreds of millions of dollars in losses and a possible capital...

Adele Ferguson

Write-downs and trading halt prove that something has gone astray at Leighton

Adele Ferguson The soap opera at Leighton Holdings will continue to unfold today, when the market digests whether write-downs of about $1 billion, hundreds of millions of dollars in losses and a possible...

Stockbrokers urge overhaul of settlement system

Adele Ferguson WHEN Australia's financial system is overhauled to reduce systemic risk, as has been promised by the Treasurer, Wayne Swan, the first thing that needs to be done is to defuse the time bomb that is...

Desperately seeking someone

stocks

Adele Ferguson Globalisation is presenting all stock exchanges with a stark future - merge, or slide into insignificance.

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ASX, Singapore need to do the hard-sell

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Adele Ferguson The ASX and Singapore Exchange should go away and take a good hard look at what went wrong in their merger proposal after Treasurer Wayne Swan officially killed the deal today.

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Leighton lurches towards writedowns

Adele Ferguson Australia's biggest construction group, Leighton Holdings, was holding crisis meetings yesterday as it grappled with the size of the writedown it will have to make on some projects as well as ways to...

Adele Ferguson

Slow train wreck been weeks a-comin'

Adele Ferguson No one has been surprised at the need for write-downs but the Leighton board and executives.

First Mover

Leighton weighs up the damage

Adele Ferguson After days of crisis meetings, Australia's biggest construction group has finally requesting a trading halt.

First Mover

Macmahon in spotlight as Wal King takes Ausdrill seat

Adele Ferguson A day after former Leighton boss Wal King landed his first board seat at Ausdrill, the mining services company has launched a $149.

Further turmoil as head of construction quits

Adele Ferguson, Clancy Yeates NBN Co was in turmoil yesterday after a key executive quit suddenly following a controversial decision by the company to suspend its contract negotiations over claims of price gouging.

First Mover

Key NBN executive quits

Adele Ferguson One of the most senior executives at NBN Co quits three days after a controversial decision to suspend negotiations with 14 contractors for a key contract to lay fibre cables around the country over...

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Adele Ferguson

Diversify or diminish: a tough call for Woolies

Adele Ferguson The decision by Woolworths to promote Grant O'Brien over his boss, Greg Foran, speaks volumes about the board's thinking on diversifying and focusing on profit margins rather than market share.