Corporate Governance and Risk Management
It is public knowledge in NZ that Fletcher Construction has taken a large profit write down on two significant projects in Auckland and Christchurch to the...
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.
Monadelphous Forecasts Jump in Revenue
Shares in Monadelphous Group have jumped to a four year high after the engineering services firm revealed a solid pipeline of orders and forecast a 30...
US:Equipment Demand Boosts Caterpillar Profit
Caterpillar's third-quarter profit has surged on demand for construction equipment, topping Wall Street expectations.
Fulton Hogan Lifts Profit 6.5pc
Fulton Hogan lifted annual profit 6.5 per cent as the privately-held civil construction firm benefited from a growing infrastructure spend across the nation.
Westfield Half-year Profit Up 20%
Westfield Corporation, the owner of shopping centres in the US and UK, has met its half-year earnings forecasts but says retail conditions have been challenging.
Fletcher’s ‘Tough year’
Fletcher Building chairman Sir Ralph Norris has stopped short of accepting responsibility for losses in construction projects and says chief executive Mark Adamson was dumped after...
CIMIC Boosts Dividend as Profit Grows
Construction and contract mining giant CIMIC has rewarded shareholders with a 25 per cent increase in dividends as revenue growth in all of its core businesses...
Boral FY Profit Jumps on US Buy, Earnings
Building materials company Boral has lifted its full-year profit by nearly 50 per cent to $441 million, boosted by a strong construction market in Australia and...
Gold Price Helps Newcrest FY Profit
Newcrest Mining has lifted full-year underlying profit by 16 per cent thanks to higher gold and copper prices but the miner's statutory result has been hit...
BlueScope Eyes US Growth as Profit Doubles
BlueScope Steel has sharply lifted its payout and announced a $250 million share buyback after more than doubling full-year net profit.
York Civil in Voluntary Administration
South Australian construction and engineering company York Civil has entered voluntary administration, but the state's transport minister says work on two major infrastructure projects will go...
Rio Tinto H1 profit up 33% to $US4.4bn
Rio Tinto has delivered a 33 per cent jump in first-half net profit to $US4.38 billion ($5.9 billion), driven by a recovery in commodity prices.
Cimic Shares up After $US310m Contract Win
CIMIC's shares have jumped after the construction heavyweight secured mineral processing contracts in South Africa worth $US310 million ($418 million).
Resources Spending Boosts Monadelphous
Engineering services firm Monadelphous Group has lifted half-year profit by nearly a third as it rides the rebound in activity in the resources sector.
CIMIC Soars on Dividend Lift, New Forecast
CIMIC's shares have jumped after the construction giant raised its dividend by 13 cents on the back of a 21 per cent lift in full-year profit...
Rio Rewards Shareholders as Profit Soars
Rio Tinto will deliver a record payout to shareholders after stronger commodity prices nearly doubled its full year profit.