ASX slides despite Wall Street rebound

ASX slides despite Wall Street rebound

Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower,despite a US equities rebound overnight following its steep sell-off.

  • byMillie Muroi

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Billionaire Stokes family wins support for takeover of Australia’s largest concrete maker

Billionaire Stokes family wins support for takeover of Australia’s largest concrete maker

Boral’s independent directors have caved in to Seven Group’s hardball takeover bid.

  • bySimon Johanson
How three Boral directors gave Kerry Stokes the finger

How three Boral directors gave Kerry Stokes the finger

In a gutsy move,three directors of the Boral board not aligned with Seven Group have moved against Kerry Stokes’ plan to acquire the rest of the company.

  • byElizabeth Knight
‘Not fair and not reasonable’:Boral rejects Seven’s takeover offer

‘Not fair and not reasonable’:Boral rejects Seven’s takeover offer

Boral has rejected the takeover offer by Kerry Stokes’ Seven Group,claiming the $6.9 billion deal undervalued the company.

  • bySimon Johanson
Industrial giants turn to property for new income streams

Industrial giants turn to property for new income streams

Building materials giant Boral is the latest big industrial player to join forces with a property developer to make money from its extensive property holdings.

  • byNicole Lindsay
Kerry Stokes’ Seven launches billion-dollar bid for concrete maker Boral

Kerry Stokes’ Seven launches billion-dollar bid for concrete maker Boral

The billionaire and his family want to buy the remaining share of the building materials company not already owned by Seven Group.

  • bySimon Johanson
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Battle building between billionaire brickmakers,with dispute set for trial

Battle building between billionaire brickmakers,with dispute set for trial

Australia’s largest brick company Brickworks is seeking to force the billionaire Buckeridge family’s construction empire to divest a subsidiary over competition concerns.

  • bySarah Danckert
Quarries and concrete boost Boral’s bullish outlook for construction

Quarries and concrete boost Boral’s bullish outlook for construction

Building materials boss Vik Bansal has provided a bullish outlook for Australia’s construction sector,as investors sent Boral’s share price sharply higher.

  • bySimon Johanson
Cement maker stops work as electricity prices surge

Cement maker stops work as electricity prices surge

Surging electricity prices and Australia’s patchy energy transition are prompting the country’s biggest cement,concrete and asphalt producer to temporarily halt manufacturing each day.

  • bySimon Johanson
ASX slides to kick off September;Fortescue dives

ASX slides to kick off September;Fortescue dives

The Australian sharemarket started the month in the red weighed down by healthcare companies,utilities and another senior executive walk out at Fortescue.

  • byMillie Muroi
Boards wary about splashing dividend cash as growth slows

Boards wary about splashing dividend cash as growth slows

Boards are taking a cautious stance on lifting dividends as businesses face rising costs and an economy that is slowing because of steep interest rate rises.

  • byClancy Yeates