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  • Qld govt could lease two ports | Business Spectator
    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 govt could lease two ports 3 Dec 2013 3 33 PM 2 Industries Resources and Energy Transport and Logistics Premier flags long term leases says state s energy assets are not for sale 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 Premier Campbell Newman has flagged long term leases of two Queensland ports but says the state s energy assets are not for sale Mr Newman is confident that once Queenslanders learn the truth about outsourcing they ll appreciate the role of the private sector in providing services But he s vowed that his government won t sell off any public assets without a mandate In any case we won t head down that path I stress unless we re satisfied that it s what Queenslanders want us to do he said during his annual State of the State address in Brisbane Mr Newman said leasing both the Port of Townsville and Port of Gladstone were options that had to be examined Long term leases would inject billions into the state budget and save hundreds of millions in operating costs he said The premier said in response to the Commission of Audit his government had agreed to further examine selling off power generators but the state s electricity distributors were off limits Energex Ergon and Powerlink despite what you re hearing from the unions are not for sale Mr Newman said We won t betray the people of Queensland by selling assets without a mandate However the premier said there were some areas where privatisation or outsourcing could be beneficial When it comes to the delivery of services at times it does make sense to raise the expertise of the private sector he said For example in disability service delivery road building and maintenance speed camera operations just to name a few Mr Newman also used his address to spruik the state s economy which he said was set to grow at an average annual rate of four per cent outstripping growth in other states He said business confidence had been at an all time high since his government s election while foreign countries were increasingly viewing investment in Queensland as a safe bet Print this page Related articles 13

    Original URL path: http://www.businessspectator.com.au/news/2013/12/3/transport-and-logistics/qld-govt-could-lease-two-ports (2014-01-13)
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  • McAleese shares rise 7.5 per cent on ASX debut | 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 Brussels 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 McAleese shares rise 7 5 per cent on ASX debut Brett Cole 28 Nov 2013 3 52 PM DataRoom Equity Capital Markets Industries Transport and Logistics Shares in the transport and logistics company gain after an IPO that was beset by tragedy 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 Shares in McAleese Group Ltd rose as much as 7 5 per cent on their first day of trade after the transport and logistics company s 166 3 million initial public offering At 1501 AEST McAleese shares were up 11 cents to 1 58 The company sold 113 1 million shares at 1 47 each in its IPO The IPO s underwriters Credit Suisse Group AG JPMorgan Chase Co and Macquarie Group Ltd completed the IPO and got McAleese s ASX listing despite an accident involving a company vehicle part of the Cootes transport arm on Mona Vale Road in the Northern suburbs of Sydney The accident temporarily derailed the IPO as two people were killed and a further five people were injured The accident is currently being investigated by police with a Colonial Inquiry likely to be held in 2014 Following the Mona Vale Accident Cootes Transport remains subject to additional scrutiny ongoing inspections and review of its equipment and systems by regulators in NSW and other states McAleese said in its prospectus Credit Suisse JP Morgan and Macquarie may be paid as much as 5 8 million for managing the IPO McAleese s pro forma consolidated earnings before interest tax depreciation and amortisation increased to 125 6 million in its 2013 financial year compared with 85 4 million in 2011 while the consolidated EBITDA margin increased to 17 per cent from 14 per cent McAleese s market

    Original URL path: http://www.businessspectator.com.au/news/2013/11/28/dataroom/mcaleese-shares-rise-75-cent-asx-debut (2014-01-13)
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  • Quebec fund buys Port of Brisbane stake | Business Spectator
    rift over energy and climate policy is widening in Brussels 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 Quebec fund buys Port of Brisbane stake Brett Cole 28 Nov 2013 10 39 AM DataRoom Mergers Acquisitions Industries Transport and Logistics Caisse de depot et placement du Quebec agreed to a 26 7 per cent stake in the port 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 Caisse de depot et placement du Quebec the giant Canadian fund with C 185 9 billion in assets has signed an agreement to buy Global Infrastructure Partners 26 7 per cent in the Port of Brisbane The transaction s value was not disclosed Global Infrastructure Partners paid about 575 million for its stake in the port three years ago Infrastructure investors say the firm may have almost tripled its return on equity through an auction run by Morgan Stanley that may have fetched more than 1 billion The New York based fund set up by former Credit Suisse Group AG bankers borrowed about 345 million or 60 per cent of the money it used to buy its shareholding in the Brisbane port IFM Investors and other Port of Brisbane shareholders had first right of refusal to buy Global Infrastructure Partners stake in Q Port Holdings which has a 99 year lease on the port IFM submitted a bid but Global Infrastructure Partners wanted to see if it could get more and did so in a successful auction The seller will return the money from the sale to its limited partners including pension funds and endowments which are also being asked to invest in a new fund being raised by the firm The Quebec fund will now have an equal stake in the Brisbane port alongside IFM and QIC Ltd Abu Dhabi Investment Authority has a 19 9 per cent shareholding in Australia s third busiest eastern seaboard port The Sydney office of Global Infrastructure Partners which is

    Original URL path: http://www.businessspectator.com.au/news/2013/11/28/dataroom/quebec-fund-buys-port-brisbane-stake (2014-01-13)
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  • BIS pays $30m for transport company | Business Spectator
    Energy Latest stories Is the EU about to abdicate climate leadership The rift over energy and climate policy is widening in Brussels 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 BIS pays 30m for transport company Bridget Carter The Australian 25 Nov 2013 9 54 AM DataRoom Mergers Acquisitions Industries Transport and Logistics Ahead of its planned listing next month the mining logistics company is bulking up 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 1 5 billion soon to be listed mining logistics company BIS Industries is buying an industrial transport business called Powertrans in a deal worth 30 million BIS Industries is expected to list on the Australian Securities Exchange next month through lead managers UBS Goldman Sachs and Merrill Lynch with sources close to the company saying the shares will be priced in a range of between 10 9 and 13 times net profit before amortisation Powertrans had supplied the dual powered road trains used in BIS Industries off road load and haul service offering the company said BIS Industries would pay 20m for Powertrans while a further 10m would be outlaid for inventory and work in production The deal would give BIS Industries ownership of the DPRT technology and related intellectual property that BIS Industries had pioneered and developed in conjunction with Powertrans over several years KKR bought BIS Cleanaway from Brambles for 1 83bn in 2006 but quickly sold the Cleanaway part of the business to Transpacific for 1 25bn The Powertrans purchase was likely to deliver ongoing earnings benefits through reductions in the capital cost of DPRT and lower annual repair and maintenance costs the company said The debt funded transaction will be finalised in January Acquiring this business enhances the off road load and haul services that we can offer to our customers BIS Industries chief executive Ian Lynass said It will also deliver ongoing financial benefits such as the opportunity to drive a notable

    Original URL path: http://www.businessspectator.com.au/article/2013/11/25/dataroom/bis-pays-30m-transport-company (2014-01-13)
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  • US Postal Service posts steep loss | Business Spectator
    stories REVIEW Nokia Lumia 1520 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 Brussels 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 US Postal Service posts steep loss 16 Nov 2013 8 12 AM Industries Transport and Logistics Postal Service reports net loss for seventh straight year 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 The US Postal Service says it lost US5 billion A5 38 billion over the past 12 months It s the seventh straight year the agency has reported a net loss Postal officials say the loss increases the urgency for Congress to let them end Saturday mail delivery and reduce payments for retiree health benefits The Postal Service has struggled for years with declining mail volume and required payments of US5 6 billion annually in health care costs for future retirees It has defaulted on three of those payments Revenue from package delivery continued to grow rising eight per cent last year But that s not enough to offset losses in first class mail which has been the post office s most profitable service Print this page Related articles 13 Jan Transurban lifts Q4 toll revenue 08 Jan Australia Post sale has big backers 06 Jan Why a public asset sell off is on the money 02 Jan Wheels turn in online

    Original URL path: http://www.businessspectator.com.au/news/2013/11/16/transport-and-logistics/us-postal-service-posts-steep-loss-0 (2014-01-13)
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  • Elon Musk's electric dreams | Business Spectator
    s history has not been the most jubilant it doesn t take away from the achievements of the year which include turning its first ever profit seeing its stock rise as much as 474 per cent and achieving record high reviews all while receiving largely great press and making a splash in popular culture The share price however doesn t have Musk jumping for joy like you would expect I actually think the high stock price is somewhat distracting he divulges In fact I went on record saying I thought the price was higher than we had any right to deserve It s this refreshing honesty that has endeared him to many but that s not to say he doesn t believe strongly in the company I do think long term that the value of the company will be well in excess of where it is now he contends noting that it has fallen considerably off highs in recent weeks 22 per cent in a three day period alone last week To achieve the lofty valuations ascribed Musk needs to take Tesla from potential gamechanger to financial success story and that won t be easy In the near term the EV maker needs to boost production of the Model S to meet demand while longer term it needs to find a way to achieve the ultimate goal of producing a mass market electric car To date no electric vehicle has captured the imagination at a low enough price point to draw mass adoption But Musk remains adamant it can be done And if he is right about where the world is heading Tesla is getting in on the ground floor of a major shift in the world s transport sector I feel confident in predicting in the long term that all transport will be 100 per cent electric with the ironic exception of rockets he proclaims Musk finds it strange that we aren t already there I think people will look back on this era like we look back on the steam engine he asserts Musk who is widely credited as the inspiration for Robert Downey Jr s portrayal of Iron Man has been compared to both Steve Jobs and Henry Ford as an innovator of the highest order To date his success stories include being co founder of PayPal as well as being creator of SpaceX and Tesla Motors but he appears intent on not stopping there as shown by his recent design for a hyperloop Next up could well be planes with the Silicon Valley based exec revealing a deep seated passion while talking up the awesome design of his favourite aircraft the 747 Questioned as to whether this enthusiasm would one day lead him to design and build aircraft Musk doesn t shy away from the potential I do think there s an interesting opportunity to create a supersonic electric vertical take off landing jet and I think that would be really great he explains If I

    Original URL path: http://www.businessspectator.com.au/article/2013/11/14/information-technology/elon-musks-electric-dreams (2014-01-13)
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  • Aurizon records first pay strike | Business Spectator
    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 Brussels 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 Aurizon records first pay strike 13 Nov 2013 5 18 PM Industries Resources and Energy Transport and Logistics Group makes changes to incentives warns on weaker demand 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 Aurizon Holdings Ltd has recorded its first strike on remuneration at its annual general meeting At the meeting 28 per cent of shareholders voted against adopting the company s remuneration report the group said in a statement to the Australian Securities Exchange In addition 18 6 per cent of proxy votes were against chief executive officer Lance Hockridge being awarded performance rights Under the two strikes rule next year if 25 per cent of votes or more are cast against Aurizon s remuneration report investors can vote to spill the board Earlier the group told shareholders it will not increase the fixed pay of its top 80 managers in fiscal 2014 saying although it believes remuneration is aligned to shareholder interests the board is cognisant of current market trends Chairman John Prescott outlined other remuneration changes saying in future a portion of short term incentives will be awarded as shares and deferred for one year Aurizon also increased the proportion of long term incentive awards that depend on hitting operating ratio targets he said Mr Prescott said the group remains confident about the future and is still seeing strong volumes in coal and iron ore but cautioned of the impact of a number of customers facing weaker demand and softer prices The chairman earlier faced calls to retire

    Original URL path: http://www.businessspectator.com.au/news/2013/11/13/transport-and-logistics/aurizon-records-first-pay-strike (2014-01-13)
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  • Prescott faces calls to retire | Business Spectator
    REVIEW Nokia Lumia 1520 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 Brussels 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 Prescott faces calls to retire 13 Nov 2013 6 59 AM Industries Transport and Logistics Shareholders scold Aurizon chairman for his handling of remuneration issues 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 Aurizon chairman John Prescott is bracing fall calls to retire at the transport group s annual general meeting today as shareholders hit out at his handling of remuneration according to The Australian Financial Review Citing a voting intentions statement from the Australian Shareholders Association the newspaper says the group accused Mr Prescott of having breached the faith of investors by allowing changes to accounting structures that enabled management to get bonus payments they otherwise would not have received BHP performed poorly under Mr Prescott s leadership in the 1990s and we have been disappointed with his handling of remuneration issues at Aurizon the Financial Review quotes the ASA as saying Proxy group ISS also plans to vote against Aurizon s remuneration plan Print this page Related articles 13 Jan Transurban lifts Q4 toll revenue 08 Jan Australia Post sale has big backers 06 Jan Why a public asset sell off is on the money 02 Jan Wheels turn in

    Original URL path: http://www.businessspectator.com.au/news/2013/11/13/transport-and-logistics/prescott-faces-calls-retire (2014-01-13)
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