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  • Buckley to quit as Cardno CEO | Business Spectator
    Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Europe as politicians feel the pressure from the continent s ongoing economic crisis 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 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 Buckley to quit as Cardno CEO 6 Jan 10 47 AM Industries Infrastructure Professional Services Michael Renshaw will replace Andrew Buckley in top job from March 1 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 Cardno Ltd chief executive officer Andrew Buckley will retire from his position and the company to be replaced by Michael Renshaw In a statement to the Australian Securities Exchange Cardno announced Mr Buckley s departure which is set for March 1 Mr Renshaw is currently international executive general manager with Cardno Since commencing his employment with Cardno in 2003 Michael has overseen the company s international growth and access to new markets in the USA and Canada South America includingEcuador Peru Colombia Europe including UK and Germany and the Middle East the company said Cardno chairman John Marlay said the group conducted an extensive external search and considered external as well as internal candidates as part of its succession process The board believes that Michael Renshaw s deep knowledge of Cardno s business and his experience in developing Cardno s North American operations from nothing in 2007 to a business that currently contributes approximately fifty percent of Cardno s revenue provides a strong foundation to lead Cardno s continued growth Mr Marlay said His international business experience is well suited to Cardno s vision to become a world leader in the provision of professional services to improve the physical and social environment Mr Renshaw s fixed annual remuneration will be 700 000 including superannuation effective January 1 Mr Buckley said it had been a privilege to lead Cardno over the last 16 years during which time he oversaw the group s listing on the ASX I am also very proud

    Original URL path: http://www.businessspectator.com.au/news/2014/1/6/infrastructure/buckley-quit-cardno-ceo (2014-01-13)
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  • Leighton-Mirvac JV for Perth City Link | Business Spectator
    The Nokia 1520 sports a number of key upgrades that bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Europe as politicians feel the pressure from the continent s ongoing economic crisis 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 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 Mirvac JV for Perth City Link 16 Dec 2013 4 52 AM Industries Infrastructure Development represents 40 per cent of 5 2 billion WA project 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 A consortium including Leighton Properties and Mirvac Group has been chosen to develop the Perth City Link project The development represents 40 per cent of the broader 5 2 billion Perth City Link project which will link Northbridge to the CBD State planning minister John Day said the deal marked another key milestone in the delivery of the project In the next 10 15 years West Australians can expect to see this area transformed with quality designed buildings inviting public spaces and improved connections across the city Mr Day said This transformation will be led by private sector investment which is expected to reach 3 billion for the 5 1ha land holding This investment will create hundreds of direct and indirect jobs during construction bolstering the WA economy Construction is slated for 2015 Print this page Related articles 09 Jan Super funds chase asset sales 08 Jan Labor urges transport rethink 08 Jan Govts stare down 64bn windfall 06 Jan Buckley to quit as Cardno CEO

    Original URL path: http://www.businessspectator.com.au/news/2013/12/16/infrastructure/leighton-mirvac-jv-perth-city-link (2014-01-13)
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  • QIC to chase $5.5bn trade sale | Business Spectator
    the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Europe as politicians feel the pressure from the continent s ongoing economic crisis 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 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 QIC to chase 5 5bn trade sale Bridget Carter The Australian 15 Dec 2013 2 44 PM DataRoom Mergers Acquisitions Industries Infrastructure Super fund manager to pursue sale over IPO for Queensland Motorways 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 Queensland Investment Corporation will embark on a trade sale for its 5 5 billion motorways business Previously the state government owned superannuation fund manager was considering an initial public offering for Queensland Motorways or an institutional bookbuild for investors where they could bid for part of the infrastructure business On Friday QIC said there was a significant amount of interest for all of the business which was why it decided to embark on a traditional auction process The Queensland Motorways business is held by QIC on behalf of Queensland s Defined Benefit Fund In the auction being handled by investment banks Macquarie Group and UBS bids will close by the end of January before shortlisted bidders submit binding bids by April Among the groups believed to be competing for the business are Transurban and Australian Super as well as Canadian pension fund La Caisse de depot et placement du Quebec Queensland Motorways manages a 62km network of toll roads bridges and infrastructure including the Gateway Gateway Extension and Logan motorways The state government transferred Queensland Motorways to QIC in May 2011 for 3 billion but since then the business has been substantially turned around It has just finalised a deal for the tolling rights for three additional Brisbane roads Legacy Way the Go Between Bridge and the CLEM7 tunnel The portfolio value is now believed to be closer to 5 5 billion The sale comes as Fort Street Advisers Moelis and The Flagstaff Group in Melbourne make pitches to secure the advisory role for BrisConnections as

    Original URL path: http://www.businessspectator.com.au/news/2013/12/15/mergers-acquisitions/qic-chase-55bn-trade-sale (2014-01-13)
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  • Qld seeks advisers on power, port assets | Business Spectator
    above water in key markets and its share of global electricity continuing a seemingly inexorable decline 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 Qld seeks advisers on power port assets Brett Cole 13 Dec 2013 5 34 PM DataRoom Mergers Acquisitions Equity Capital Markets Industries Infrastructure The state government will select investment banks and legal firms to conduct scoping studies for its electricity and port assets 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 The Queensland government will ask investment banks and legal firms to tender for a series of studies that could lead to the sale of energy generators CS Energy Ltd and Stanwell Power Corp as well as leases of Townsville and Gladstone ports The investment banks selected by the state government will have until February to complete their analysis of the state owned assets The banks may outline a plan for the sale of the power stations and long term leases to private investors in the two ports in separate scoping studies Another scoping study will look at the possible creation of an integrated retail and generation business in Queensland that would incorporate Ergon Energy s retail business with other power assets Premier Campbell Newman s government has begun contacting investment banks and law firms and aims to select bank advisers by the end of the year and legal advisers in early January Scoping studies are not perceived by investment bankers as particularly profitable unless they lead to an advisory role on the sale of the assets As a result some investment banks have yet to decide whether they would participate due to the lack of clarity that the scoping studies will lead to an asset sale The Queensland government has pledged it will not sell any government owned businesses without a mandate Still the Newman government wants to pay down the state s 80 billion of debt by as much as 30 billion It may try to push through the sale of state assets after it releases the results of the scoping studies which could outline how much the state would get if the assets are sold In the case of Ergon Energy Energex and Powerlink private sector companies may be invited to invest in the

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/mergers-acquisitions/qld-seeks-advisers-power-port-assets (2014-01-13)
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  • First bids for Qld Motorways due in January | Business Spectator
    crisis 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 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 First bids for Qld Motorways due in January Brett Cole 13 Dec 2013 4 55 PM 2 DataRoom Mergers Acquisitions Industries Infrastructure The winner of the auction of 62 kms of roads and bridges will probably be announced in April 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 QIC Ltd the Queensland government s investment fund with 74 3 billion in assets under management will sell its 100 per cent shareholding in Queensland Motorways Ltd through an auction that could generate proceeds of more than 4 billion Indicative bids for the 62km network of tolled roads bridges and infrastructure are due by the end of January The winner of the auction is expected to be announced in April Queensland Motorways was purchased two years ago by QIC from the state government for 3 1 billion Shortlisted bidders will then be asked to submit binding bids with a view to contractual close in April 2014 The final timeline will be announced to prospective bidders by the end of this year La Caisse de dépôt et placement du Québec the giant Canadian fund with C 185 9 billion in assets told DataRoom last month it was interested in Queensland Motorways The Queensland Motorways investment is held by QIC on behalf of the State s Defined Benefits Fund which funds the state s public service superannuation obligations to retiring members The proceeds of any sale would remain in the fund Macquarie Group Ltd and UBS AG are advising QIC Print this page More from Brett Cole 13 Jan Singh behind key KKR deal 13 Jan Financial Index to buy Centric Wealth for 130m 10 Jan Saputo pushes for Bega s Warrnambool stake 10 Jan Saputo tipped to extend Warrnambool offer 09 Jan Saputo s Warrnambool stake now 20 per cent Related articles 13 Jan Glencore copper sale has ASX firms on alert 13 Jan Telstra may sell Sensis for 3bn 13 Jan Singh behind key KKR deal 13 Jan

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/mergers-acquisitions/first-bids-qld-motorways-due-january (2014-01-13)
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  • Transurban to make QML bid: report | Business Spectator
    that bring it the Window s phone platform to parity with its Android competition But does this phablet do enough to sway attention from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Europe as politicians feel the pressure from the continent s ongoing economic crisis 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 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 Transurban to make QML bid report 13 Dec 2013 4 37 AM Industries Infrastructure Toll road group may team with Australian Super in Queensland Motorways auction 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 ASX listed toll road operator Transurban Group will join with superannuation behemoth Australian Super to make a play for the 5 7 billion Queensland Motorways QML business according to The Australian Financial Review The report suggested QML owner Queensland Investment Corporation QIC had just wrapped up a two week global roadshow with Transurban choosing Australian Super as its ideal partner should a sale proceed QIC confirmed in November it had hired UBS AG and Macquarie Capital to advise on a sale of the business with the process slated to take place in the first quarter of 2014 Last month Transurban declared it would keep a close eye on developments with QML It is something we would have a look at the toll road company s boss Scott Charlton said adding it was a good asset Australian super funds and Canadian pension funds have also been rumoured to be among the likely suitors Print this page Related articles 09 Jan Super funds chase asset sales 08 Jan Labor urges transport rethink 08 Jan Govts stare down

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/infrastructure/transurban-make-qml-bid-report (2014-01-13)
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  • APA upgrades earnings guidance | Business Spectator
    from its rivals Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Europe as politicians feel the pressure from the continent s ongoing economic crisis 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 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 APA upgrades earnings guidance 11 Dec 2013 9 56 AM Industries Construction and Engineering Infrastructure Gas infrastructure company increases EBITDA forecast by 2 on strong H1 performance 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 APA Group Ltd has lifted its full year earnings guidance on the back of the strong performance of the gas infrastructure business s assets and investments during the first half of the year In a statement to the Australian Securities Exchange APA said it expects earnings before interest tax depreciation and amortisation EBITDA in the range of 730 million to 740 million an increase of around two per cent on the previous guidance of 715 million to 730 million APA said the upgrade also reflected the visibility that APA has of its expected business performance over the remainder of the financial year APA simultaneously revised down its interest cost guidance It now expects net interest cost to be within the range of 315 million to 325 million a decrease of approximately four per cent on the previous guidance of between 330 million to 340 million APA managing director Mick McCormack said it was particularly pleasing to see a number of newly commissioned expansion projects performing well We continue to benefit from a positive operating environment for our energy infrastructure assets with lower interest rates continuing to positively impact funding costs he said Print

    Original URL path: http://www.businessspectator.com.au/news/2013/12/11/infrastructure/apa-upgrades-earnings-guidance (2014-01-13)
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  • WA eyes Western Power windfall | Business Spectator
    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 WA eyes Western Power windfall Amanda Saunders 10 Dec 2013 4 04 PM DataRoom Mergers Acquisitions Politics Industries Infrastructure Resources and Energy Western Power which owns and operates the state s networks and poles could fetch 6 billion 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 In the wake of losing its coveted AAA credit rating the WA government is eyeing power line operator Western Power in its suite of possible asset privatisations according to industry sources A privatisation of Western Power which owns and operates the State s networks and poles could fetch between 5 billion and 6 billion The sale is being considered as part of the government s attempt to work out how best to reap benefits from its asset rich balance sheet While offloading Western Power would go a long way to shoring up the WA balance sheet it could be a difficult sell politically and is unlikely to be pursued before the next state election in March 2017 WA premier Colin Barnett s government is keen to get some mileage from its downgraded credit rating sources close to the government say The state government may choose to use its working financial position to rein in spending in light of scrutiny from ratings agency industry players say The state s debt is predicted to rise to 22 billion over the current financial year Despite the Barnett government going to the state election in March of this year on a promise against privatisation of the state s assets some industry players say the government s weaker financial position could provide them with an out from their commitment On releasing its budget in August the government sought information on asset optimisation levels which help shed light on its privatisation priorities Standard Poor s stripped the state of its AAA credit rating in September this year prompting the government to say it could look to privatise power and water utilities and land and port assets S P is unlikely to reinstate the prized AAA rating within the next two years The WA government s power assets include Verve Synergy Western Power and regional electricity provider Horizon Power While Barnett has publicly ruled out privatising Western Power there has been some contradiction within the Liberal party WA Energy minister Mike Nahan

    Original URL path: http://www.businessspectator.com.au/news/2013/12/10/dataroom/wa-eyes-western-power-windfall (2014-01-13)
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