Downer Shares Soar
Shares in Downer EDI have soared following an upgrade to the engineering group's full-year profit guidance after it found larger-than-expected cost savings following its Spotless purchase.
Downer Joins Ranks of Contractors Exiting Big Projects
The list of contractors meeting with major difficulties on large-scale resource projects in Australia continues to grow following Downer's withdrawal from an ammonium nitrate project in...
Downer Profit Target Up Amid Mining Uncertainty
Engineering firm Downer EDI has lifted its full year profit target despite uncertainty around some of its major mining customers.
BHP Cuts Downer Contract, Jobs at Risk
More than 400 people are expected to lose their jobs after BHP Billiton tore up a $360 million mining services contract with Downer EDI.
Downer Beats H1 Profit Forecasts Despite Revenue Fall
The engineering group said that it expects to meet its full-year net profit target after H1 profits came in slightly ahead of forecasts.
Downer Secures Roy Hill Contract Worth $500 Million
Engineering firm Downer EDI has nabbed a mining services contract for Hancock Prospecting's Roy Hill iron mine in the Pilbara worth around half a billion dollars...
Downer Posts $11.1m Loss
Downer EDI has posted an $11.1 million first-half loss dragged down by a goodwill impairment on its mining operations, writedowns from its freight rail divestment and...
Downer Flags $77m Goodwill Impairment Hit
Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing...