Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Adele Ferguson

Corporate regulator's office is the forensic lab where liquidators' reports go to die

Adele Ferguson Last week a little known Sydney developer was finally wound up. The company, Foxdale Corporation, had attracted more than 40 investors to invest $4 million in an unregistered managed investment...

Adele Ferguson

ASIC fails to act as directors exploit loopholes

Adele Ferguson

Adele Ferguson A little-known Sydney property developer was last week finally wound up. The company went belly-up in 2005 with a $4.89 million funds deficiency, leaving creditors and investors penniless.

Class action deals another blow to Downer EDI

Adele Ferguson THE embattled engineering group Downer EDI has been hit with a shareholder class action relating to its Waratah train project, two weeks before it goes to the market with what is speculated to be a...

Adele Ferguson

Downer faces $100m class action over rail project

Downer EDI  train

Adele Ferguson Embattled engineering group Downer EDI has been whacked with a proposed shareholder class action over allegations it misled the market.

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Adele Ferguson

CBA's monster profit may draw political ire

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Adele Ferguson CBA's record profit owes a lot to last November's super-sized interest rate rise. Will banks return to the political crossfire?

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Adele Ferguson

Big four face flat profits

Adele Ferguson

Adele Ferguson NAB's update is a good indication of what to expect when its competitors report their interim results or profit updates: lacklustre growth.

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Adele Ferguson

Retail giant brought down by an addiction to the discount merry-go-round

Adele Ferguson The Myer boss Bernie Brookes may blame the shock profit downgrade on floods, rate rises, price deflation and a particularly horrendous January, but the truth is his bullish forecasts for this year...

Adele Ferguson

Don't discount discounting in Myer downgrade

Adele Ferguson Put simply, Myer has become addicted to discounting.

Adele Ferguson

Asciano board hits the button on Rowsthorn

Adele Ferguson News that Asciano boss Mark Rowsthorn was moving on was not a surprise, but the timing sure was.

Adele Ferguson

Ad hoc tax reforms coming back to bite Gillard

Adele Ferguson, business columnist thumb, new design set

Adele Ferguson The federal government's credibility is about to take another battering as some of its more complex and ad hoc tax reforms move to centre stage in the next few weeks.

Adele Ferguson

Mining, health and carbon tax issues could lead to credibility crash and backdown

Adele Ferguson THE federal government's credibility is about to take another battering as some of its more complex and ad hoc tax reforms - the mining tax and the takeover of GST funding from the states - move to...

Adele Ferguson and Mark Hawthorne

My name is Gina - show me the money

Business_Main

Adele Ferguson and Mark Hawthorne Australia's richest person is tough and determined, just like her father.

Adele Ferguson

Floods and debt leave Queensland banks drenched and in need of mutual solace

Adele Ferguson The warning by Standard & Poor's on Friday that it could downgrade the credit ratings of banks with exposure to the Queensland floods shows that the floods will continue to wreak havoc on business...

Adele Ferguson

Profit warnings unveil the devil of exposure

Adele Ferguson

Adele Ferguson The floods will hurt business for a long time yet, and have put a blowtorch on Bank of Queensland and Suncorp.

Adele Ferguson

Train deal batters engineer

Adele Ferguson Investors are angry and Fitch has put the boot in.

Adele Ferguson

Downer tests market's patience

Adele Ferguson Engineering and construction companies live and die by their risk management abilities and credibility.

Adele Ferguson

Train wreck for investors

Downer EDI  train

Adele Ferguson Downer shareholders have $250m worth of reasons to feel sorry for themselves after the company fessed up to new complications in its Waratah train project.

Adele Ferguson

Credibility dives on Downer downgrades

Adele Ferguson

Adele Ferguson The $1.9 billion NSW rail project bites again.

Adele Ferguson

Time for Reliance Rail to live up to its name

Adele Ferguson Downer EDI's credibility, and shares, will take a battering tomorrow when shareholders are hit with another $150 million-plus provision caused by technical hitches relating to the delivery of trains...

Adele Ferguson

Downer's finances at critical juncture

Downer EDI  train

Adele Ferguson Exclusive: Downer faces the prospect of a $150m provision and a possible ratings downgrade that may force it to seek additional funds from shareholders.