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  • Aviation | Business Spectator
    economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Aviation Sale act move won t aid Qantas Fund manager says repeal of act will not ease Qantas short term troubles report 2 48am January 10 1 comment Qantas shares rally after downgrade Ratings agency cuts airline s senior unsecured and short term ratings Qantas says downgrade not unexpected 4 15pm January 09 3 comments Ailing Qantas needs a new battle strategy Moody s downgrade of Qantas adds to the airline s woes amid an ongoing capacity war Qantas best defence is to convince Virgin that its tactics have no strategic value by Stephen Bartholomeusz 1 24pm January 09 20 comments Virgin passenger numbers decline Despite falling numbers airline reaping greater returns from airfares 2 54pm January 08 MPs back Qantas reform Coalition MPs pledge support for changes to foreign ownership laws report 5 51am January 08 1 comment Boeing in record 2013 Aircraft maker saw record deliveries last year 4 12am January 07 Syd Airport numbers drop in Nov Passenger numbers slip slightly despite lift in international travellers 12 01pm December 20 Qantas cuts still unclear Meeting with unions fails to shed light on departments hardest hit by job cuts 11 30pm December 18 3 comments Qantas nears govt deal report Standby debt facility being considered airline s leaders to meet unions today 3 38am December 18 2 comments AIG sells unit for US5 4bn US group offloads aircraft leasing business to AerCap 12 20am December 17 Abbott to mull Qantas proposals PM urges Qantas staff to fight for airline govt guarantee may be on table 12 47am December 16 8 comments Brindabella calls in receivers Regional airline enters receivership days after CASA grounding 12 39am December 16 DataRoom AM Virgin booster shot Virgin Australia gets some help from its major shareholders while Transurban and AustralianSuper look to have joined forces in a bid for Queensland Motorways by Daniel Palmer 7 34am December 13 Qantas Emirates alliance may be enhanced Jetstar Asia could soon commit to codeshare deal with Emirates report 7 21am December 13 1 comment Hot offerings get the cold shoulder As the year draws to a close investors are opting for stable cash flows and solid valuations over hopes and dreams fund raising campaigns by Kirstie Spicer 3 32pm December 12 Virgin retail offer undersubscribed Shareholders lukewarm response allows institutional investors to lift holdings 12 06pm December 12 1 comment Qantas

    Original URL path: http://www.businessspectator.com.au/industries/aviation?destination=taxonomy/term/2995 (2014-01-13)
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  • Building approvals fall in November | Business Spectator
    political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Building approvals fall in November 9 Jan 11 33 AM Economy Industries Construction and Engineering Economy ABS data shows total number dwellings approved fell more than expected You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter with AAP Building approvals fell more than expected in November according to the Australian Bureau of Statistics ABS data showed the number of buildings approved fell a seasonally adjusted 1 5 per cent to 16 396 per cent in the month That compares to an initially reported 16 491 approvals in October seasonally adjusted Bloomberg economists had expected the figures to show a one per cent fall in approvals during the month Building approvals are now 22 2 per cent higher seasonally adjusted than in the same month last year Approvals for private sector houses rose six per cent in the month and the other dwellings category which includes apartment blocks and townhouses was down 9 7 per cent But the fall in the number of building approvals is not indicative of the increasing strength of the housing construction sector economists say RBC Capital Markets senior economist Su Lin Ong said the underlying trend for the housing sector remains higher She said she was confident housing construction would increase in 2014 helped by record low interest rates and strengthening consumer confidence The figures were a tad disappointing but consistent with a modest upswing in building construction she said All the preconditions are in place and that should garner momentum for the housing sector Ms Ong said it was too early to tell whether the data would have an impact on the Reserve Bank of Australia s next interest rate decision which is not until February 4 She believes the RBA won t cut the cash rate from its current level of 2 5 per cent for the coming months Approvals for private sector houses rose six per cent in the month and the other dwellings category which includes apartment blocks and townhouses was down 9 7 per cent Despite

    Original URL path: http://www.businessspectator.com.au/news/2014/1/9/economy/building-approvals-fall-november (2014-01-13)
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  • Fair Work Commission warns unions | Business Spectator
    launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Fair Work Commission warns unions 8 Jan 5 43 PM 1 Industries Construction and Engineering Maritime union ordered to cease taking covert action to lower productivity You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Maritime union workers have been ordered to cease taking covert action engineered to lower productivity at New South Wales and West Australian ports by the Fair Work Commission The Australian Financial Review reports According to the newspaper employers have alleged workers have slowed down operations by calling in sick more often than usual not volunteering to work over Christmas and limiting the number of container lifts conducted by crane gangs per shift The Fair Work Commission ordered the cessation of such tactics in two cases brought by Patrick Stevedores Holdings against the Australian Maritime Union one in Port Botany and one in Sydney A third case involving DP World will be heard early next month The AFR reports the maritime union denies it engineered the covert action Print this page Related articles 10 Jan New home sales lift in November 09 Jan Building approvals fall in November 08 Jan Residential construction lifts in December 07 Jan Boart Longyear appoints new CFO 06 Jan Sydney to avoid house bubble More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Graham lastName Thu 2014 01

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/construction-and-engineering/fair-work-commission-warns-unions (2014-01-13)
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  • Residential construction lifts in December | Business Spectator
    above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Residential construction lifts in December 8 Jan 9 46 AM 2 Industries Construction and Engineering AiG HIA Performance of Construction Index expands for third consecutive month You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP with a staff reporter The long hoped for recovery in Australia s residential construction sector may finally be underway with low interest rates driving the fastest expansion in new home building since 2005 according to a leading index Strong growth in house building has helped drive the broader construction sector to its third consecutive month of expansion in in December after several years of decline According to Australian Industry Group Ai figures there were also solid gains from the commercial construction and apartment building sub sectors during the month Growth in the house building sub sector increased 1 5 points to 63 5 in December This is just 1 8 points below the eight year peak level recorded in October this year Growth across the entire sector was a little slower than in the previous two months but Ai Group public policy director Dr Peter Burn said the figures were good news after a long period of weakness The Ai Group Housing Industry Association s Performance of Construction Index fell 4 4 points to 50 8 in December putting it in mildly positive territory while therose 1 5 points to 63 5 A reading of above 50 indicates the sector is expanding and the greater the reading above that level the faster the rate of expansion Dr Burn said low interest rates were finally having a positive impact on residential and commercial construction Low interest rates are clearly having their long awaited impact he said Dr Burn said the figures suggested 2014 would be a better year for the construction industry The continued growth of new orders means that builders and the

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/construction-and-engineering/residential-construction-lifts-december (2014-01-13)
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  • Boart Longyear appoints new CFO | Business Spectator
    wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Boart Longyear appoints new CFO 7 Jan 3 55 PM Industries Construction and Engineering Drilling company names Jeffrey Olsen as new finance chief You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Drilling company Boart Longyear has appointed Rio Tinto executive Jeffrey Olsen as its new finance chief Mr Olsen who is currently the chief commercial officer of Rio s titanium business will join the company on April 1 His appointment as chief financial officer comes eight months after his predecessor Joseph Ragan left the business Boart Longyear shares were 2 5 cents or 5 68 per cent higher at 46 6 cents at 1457 AEDT following the announcement Chief executive Richard O Brien said Mr Olsen s experience would be an asset to the company as it works to improve its balance sheet and lift investor returns His strong financial background and knowledge and understanding of the resources and mining industries including his global experience in a broad range of senior financial and commercial roles with Rio Tinto are a good fit for our company he said Boart Longyear is the world s largest drilling business providing mineral exploration drilling services and products operates in more than 40 countries The company has suffered through a difficult 18 months due to declining investment

    Original URL path: http://www.businessspectator.com.au/news/2014/1/7/construction-and-engineering/boart-longyear-appoints-new-cfo (2014-01-13)
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  • Leighton acquires Indian JV partner | Business Spectator
    Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Leighton acquires Indian JV partner 30 Dec 2013 2 21 PM Industries Construction and Engineering Construction firm takes 100 ownership of Leighton Welspun You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Construction and mining company Leighton Holdings Ltd has taken full ownership of its Indian based joint venture Leighton Welspun Leighton on Monday said it had acquired the Welspun Group s 39 9 per cent stake in the joint venture for US99 million 112 million giving Leighton 100 per cent ownership The business will be renamed Leighton India The joint venture was established in 2010 to capitalise on opportunities in the Indian infrastructure sector Leighton said the opportunity to acquire the Welspun stake arose from Welspun s decision to reposition its infrastructure business and focus on its other activities which include textiles pipes energy and steel Leighton will review the operations of Leighton India and consider integrating several business units to lower costs The company said its 2013 underlying profit would not be affected by the transaction which is expected to be completed in the first quarter of 2014 Leighton s forecast underlying profit remains in the range of 520 million to 600 million Print this page Related articles 10 Jan

    Original URL path: http://www.businessspectator.com.au/news/2013/12/30/construction-and-engineering/leighton-acquires-indian-jv-partner (2014-01-13)
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  • Forge Group soars on Roy Hill contract | Business Spectator
    Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Forge Group soars on Roy Hill contract 30 Dec 2013 1 20 PM Updated 30 Dec 2013 4 00 PM 1 Industries Construction and Engineering Resources and Energy Construction and engineering firm s stock surges more than 50 after go ahead for more work at Gina Rinehart s iron ore site You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP with a staff reporter Shares in engineering and construction company Forge Group Ltd have soared after it got the go ahead for more work at Gina Rinehart s Roy Hill iron ore mine in Western Australia At 1556 AEDT Forge shares were up 56 cents or 54 63 per cent to 1 585 The company said it had received formal notification to proceed with phase three of construction of the 1 47 billion processing facility at Roy Hill The contract is worth 830 million to Forge which is carrying out the work in a joint venture with Spanish construction contractor Duro Felguera The contract is Forge s largest ever and said chief executive David Simpson underpins the company s order book for the remainder of the 2013 14 financial year and into 2015 It is also encouraging to note that the Roy Hill project is progressing to schedule and that we have now commenced mobilisation to site Mr Simpson said Before Monday s announcement Forge shares were already on the rise gaining 65 per cent in value last week Forge deflects ASX share price queries Forge has responded to its second inquiry from the Australian Securities Exchange in a week saying it knew of no information influencing fluctuations in its share price and in the volume of shares traded In a statement to the ASX the group said it was not aware of any information not already released to the market that could explain recent trading in its securities and pointed to its announcement this morning regarding confirmation of the phase three works at Roy Hill On December 27 Forge responded to a similar inquiry and referred again to a previous announcement in that case the 40 million of new Asset Management works in North America it had disclosed on December 17 Print this page Related articles 10 Jan New home sales lift in November 09 Jan Building approvals fall in November 08 Jan Fair Work Commission warns unions 08 Jan Residential construction lifts in December 07 Jan Boart Longyear appoints new CFO More from Business Spectator Technology Adapt or die

    Original URL path: http://www.businessspectator.com.au/news/2013/12/30/construction-and-engineering/forge-group-soars-roy-hill-contract (2014-01-13)
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  • Fletcher gets an urge to merge locally | Business Spectator
    ranging interview with The Australian Mr Adamson also challenged the Fletcher board to review the company s remuneration policies to better compensate its senior executives many of whom he said had moved across the world to be part of the Fletcher turnaround story Mr Adamson said Australian building materials companies should consider merger opportunities to allow them to better compete on the world stage and called on regulators to think more globally on how they policed the industry There may be an element of companies reaching this mutual consensus that being together is a safer place than being apart especially when it comes to competition from across the pond Mr Adamson said There will be more and more coming from China Maybe a consensus could be brokered around mergers But I am getting a bit ahead of myself because I haven t spoken to anybody about it Auckland based Fletcher which is listed in Australia and New Zealand employs almost 19 000 people around the world and holds dominant market positions in many sectors But since moving from the US to become Fletcher chief executive in October last year English born Mr Adamson has been implementing a restructuring of the company s business model through a plan he calls FBUnite A feature has been centralising operations improving procurement and looking to invest in technological improvements at the customer end of the supply chain You can never be fast enough you can never be hard enough and never be bold enough Mr Adamson said You need to have confidence in your own ability and trust your judgment You just have to go for it We haven t led with the chin and advertised headcount reductions at Fletcher but I ll bet in 18 months there will be 1000 people across the globe who have lost their jobs as a result of our productivity drive Under new chief executive Mike Kane rival building materials group Boral has shed 1100 jobs in the past year as part of a restructuring plan Companies across the sector have been under pressure from weak economic growth soaring cost pressures and cut throat competition But the Fletcher share price has been on a rapid rise and some analysts expect revenues to rise close to 10 billion in two years up from a forecast 8 5bn this year Profits are tipped to grow from about 360 million to almost 500m in the same period Fletcher has also benefited from increased housing starts in New Zealand especially flowing from the rebuilding efforts in and around earthquake hit Christchurch Fletcher derives about 50 per cent of its earnings from New Zealand and about 36 per cent from Australia While Mr Adamson said there were no acquisitions currently on the table he was interested in expanding the group s Australian operations and further growing Fletcher s businesses in the US and Canada I am extremely well versed in North America So I hold no fears in terms of acquisitions there he

    Original URL path: http://www.businessspectator.com.au/news/2013/12/23/dataroom/fletcher-gets-urge-merge-locally (2014-01-13)
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