Fortescue Metals
News and interviews on Fortescue Metals including trends, features, blogs and community conversations from an Australian business perspective.
Andrew Forrest steps down as Fortescue head: Midday RoundupWednesday, 01 June 2011
Fortescue Metals founder and chief Andrew Forrest has announced he will step down from the top job and become the company's chairman. ...
US reporting season gets underway: Midday Roundup
Tuesday, 12 April 2011
The all-important US reporting season got off to a so-so start, with Alcoa reporting a profit in line with expectations, but revenue that was not. ...
Dollar near 29-year high, shares flat: Midday Roundup
Monday, 28 March 2011
The Australian sharemarket has opened flat this morning, despite a strong lead from Wall Street late last week. ...
Mini money makers
Monday, 28 March 2011
The one problem with rich lists in Australia is that the names at the very top rarely change. And so it is with the latest Executive Rich edition from BRW, which ranks the richest executives active in the day-to-day operations of Australia's top 500 companies. ...
Investors relaxed as Andrew Forrest mulls legal options after ASIC’s court win
Monday, 21 February 2011
Investors in Andrew Forrest's Fortescue Metals Group appear to be reasonably relaxed about the prospects for the company, despite the Full Bench of the Federal Court finding Forrest breached his duty as a director when he misled investors. ...
Andrew Forrest surges to top spot on rich list, slams mining tax as unconstitutional
Tuesday, 09 November 2010
Andrew Forrest might have reclaimed the title of Australia's richest man, but he is no mood to celebrate. ...
Twiggy’s good turn
Monday, 25 October 2010
Andrew Forrest seems to have a flair for the slightly amusing photo opportunity. ...
Housing finance up 1% in August, Shares at five-month high: Economy Roundup
Monday, 11 October 2010
The value of housing finance commitments for owner occupiers increased by a seasonally adjusted 1% during August, according to the latest figures from the Australian Bureau of Statistics. ...
RBA welcomes property slowdown, Shares jump: Economy Roundup
Wednesday, 06 October 2010
Reserve Bank of Australia head of financial stability Luci Ellis has said the RBA welcomes a slowdown in the property sector, but has also played down the worries regarding the levels of household debt in Australia. ...
Digital entrepreneurs back NBN cost-benefits study
Wednesday, 22 September 2010
Digital entrepreneurs have called for the Government to implement a cost-benefit analysis of the National Broadband Network, with TPG chief executive David Teoh leading the charge in an unusual public comment regarding the infrastructure project. ...
Consumer sentiment drops 5% in September: Economy Roundup
Wednesday, 15 September 2010
Consumer sentiment has taken an unexpected dive during September, with the Westpac-Melbourne Institute Index falling 5% to 113.2 points from 119.2 in August. ...
It's Russian roulette for rich investors
Monday, 06 September 2010
This is shaping up as a "lost year" for Australia's richest sharemarket investors. ...
Services sector contracts in August, Rupert Murdoch warns on global economy: Economy Roundup
Friday, 03 September 2010
The service sector contracted for a fourth consecutive month in August, according to the latest figures released by the Australian Industry Group-Commonwealth Bank performance of services index. ...
Billionaire Andrew Forrest’s Fortescue Metals sued by major shareholder
Friday, 03 September 2010
Fortescue Metals Group, the iron ore miner owned by billionaire Andrew Forrest, has hit back at legal action launched by one of its largest shareholders Leucadia National Corporation, which says Fortescue is set to breach a funding agreement between the two ...
Harvey Norman full-year profit up 8%: Economy Roundup
Friday, 27 August 2010
Retail giant Harvey Norman has recorded an 8% increase in full-year net profit to $231.4 million, up from $214.4 million from the previous corresponding period. ...
David Jones delivers solid fourth-quarter sales result. Housing affordability slides: Economy Roundup
Wednesday, 18 August 2010
Department store giant David Jones has delivered an uncharacteristically upbeat profit forecast after beating analysts' expectations by posting a 1.7% increase in fourth-quarter like-for-like sales. ...
Retail sales up 0.2% in June, Building approvals down again: Economy Roundup
Tuesday, 03 August 2010
Retail turnover increased by a seasonally adjusted 0.2% in June, following a 0.2% increase in May and a 0.6% rise in April, according to the latest figures from the Australian Bureau of Statistics. ...
Medical company backed by mining billionaire Andrew Forrest launches biotech investment push
Monday, 19 July 2010
A medical devices company backed by mining billionaire Andrew Forrest is set to raise $4.4 million to fund investments in Australia's biotech sector, and will buy a stake in a DNA vaccine company chaired by Gardasil developer and former Australian of the Year ...
THE WEEK AHEAD: Investing in volatile times
Monday, 28 June 2010
After beating a retreat in the early months of the year, volatility returned to the sharemarket with a vengeance in May. In the 21 trading days of May, the All Ordinaries either rose or fell by more than one percent on 15 occasions. That was the most volatile ...
Sundance Resources in trading halt following African plane crash, Shares rise: Economy Roundup
Monday, 21 June 2010
Iron ore miner Sundance Resources has requested a trading halt on the ASX following the disappearance of several executives, including billionaire Ken Talbot. ...
