Mining
When big miners tighten belts, large contractors feel the pinch
Philip Wen Gina Rinehart's indignant edict imploring governments to stop treating miners like ''ATMs'' could just as well be aimed at the sector's mining contractors.
Construction
Leighton facing write-downs class action
Philip Wen A class action lawsuit over more than $1 billion in profit write-downs will be added to the list of shareholder concerns when the Leighton board faces the annual meeting on Monday.
Contractors
WorleyParsons dives on profit warning
Philip Wen Engineering firm WorleyParsons has become the latest contractor to the mining industry to slash its profit guidance.
Contracting
Mining slowdown hits UGL profits
Philip Wen Engineering and mining contractor slashes full-year profit guidance for the second time this year.
Banking
CBA closing in on another bumper year
Philip Wen Commonwealth Bank maintainins strong run, reporting quarterly cash earnings of $1.9 billion.
Mining slowdown hits UGL profits
Philip Wen Engineering and mining contractor UGL has slashed its full-year profit guidance for the second time this year as the slowdown in mining investment and poor project performance continues to bite.
Contractors
UGL slumps on profit warning
Philip Wen Mining contractor UGL has slashed its profit guidance again, blaming the slowdown in mining investment and poor project performance
Banks
CBA on track for record year
Philip Wen Commonwealth Bank reports third-quarter cash profit of $1.9b on a higher lending margin and controlled expenses.
Resources
Austerity drive for BHP chief
Philip Wen New BHP Billiton boss Andrew Mackenzie has slashed capital spending by 18 per cent and flagged more ''substantial'' cuts, reinforcing concerns the mining investment boom has peaked.
CBD
Politics: it's all about the look
Philip Wen The rigours of budget day can have a strange effect on people.
Mining
BHP chief on austerity drive
Philip Wen BHP's new chief slashes the miner's capital spend, in a further sign of the slowdown in the sector.
Earnings
Incitec wary of soaring gas prices
Philip Wen Incitec Pivot has warned that soaring local gas prices could put further pressure on its costs.
Resources
Coal seam gas concerns damp fond farewell for Santos head
Philip Wen Outgoing Santos chairman Peter Coates' last annual meeting address hijacked.
Resources
Santos grilled over coal seam gas
Philip Wen Outgoing Santos chairman Peter Coates’ final annual meeting address has been hijacked by repeated and impassioned questioning over the company’s coal seam gas operations.
Construction
Boral paints grim picture on housing
Philip Wen Demand for new housing might be going backwards despite historically low interest rates, according to Boral, prompting the building products supplier to slash its profit forecast and flag more...
Construction
Leighton swings back to black
Philip Wen Leighton will wait until its AGM to update investors on search for replacement directors.
Construction
Leighton sticks to profit guidance
Philip Wen Leighton Holdings has posted a first-quarter net profit of $123 million and maintained its full-year guidance.
Building
Boral warns on housing slowdown
Philip Wen Demand for housing could be going backwards, Boral says, prompting it to slash its profit forecast and flag more job cuts.
Banks
Record spoils shared with investors
Clancy Yeates and Philip Wen Australian banks this week rewarded shareholders with a round of bumper dividends, suggesting the financial sector is dodging the gloom gripping other parts of the economy.
Banks
Westpac holds its own in bank bonanza
Philip Wen Westpac has continued the run of dizzying profits from the big four banks by reporting a strong 10 per cent jump in first-half cash earnings to a record $3.
